CMF Cmr Fuel

    Embargoed Release: 07:00hrs Monday 5th June 2006

                              CMR Fuel Cells Plc                               

                           (`CMR' or the `Company')                            

                           Key Performance Milestone                           

CMR Fuel Cells Plc is pleased to announce that its research and development
programme has met and exceeded a significant performance milestone ahead of
previously anticipated timescales as outlined in the Company's AIM admission
document. This is a tangible and important step towards achieving commercial
viability of the Company's patented technology, which the Board believes is a
strong indication that CMR is on track to deliver the low cost, high
performance fuel cell stacks currently demanded by the portable electronics
industry.

In the Company's admission document published on 16 December 2005, CMR was
targeting a cell delivering consistent performance with cell area power
densities of greater than 25mW/cm2 in mixed reactant mode by the end of 2006,
which is a key step towards the very high volumetric power densities that CMR's
patented mixed-reactant architecture is expected to deliver.

CMR's engineering team has successfully developed a mixed-reactant cell which
demonstrates consistent cell area power densities in excess of 25mW/cm2 with a
sub millimetre cell repeat distance, using a non-platinum methanol-tolerant
cathode catalyst. Although this milestone represented a technically challenging
performance development for CMR's development team it has been achieved ahead
of schedule and the Company is now routinely delivering cells with these power
densities at a voltage of 300mV.

Michael Priestnall, Chief Technology Officer, commented:

"Following this achievement our technical team is well placed to reach its 2006
target of volumetric stack power density of 500watts/litre and its subsequent
2007 cell and stack targets of 40mW/cm2 and 750watts/litre. These exceptional
power densities of CMR's first commercial stack products will enable our
customers to build portable power systems that that can begin to compete with
lithium battery technologies. Our achievement also shows that it is feasible to
use catalysts other than platinum in the fuel cell stack without compromising
on performance."

CMR is targeting the portable electronics industry as the first application for
the commercialisation of its platform architecture as the Board believes that
this market offers significant near-term revenue opportunities, has a strong
and pressing commercial need for extended run-times for consumer products and
has a history of consistently and rapidly adopting new technologies to meet
consumer demand.

                                    -Ends-                                     

Further Information:

John Halfpenny             CMR Fuel Cells plc         01223 875 544            
                                                                               
CEO                                                                            
                                                                               
Andrew Tan                 Hansard Communications     020 7245 1100            
                                                                               
Account Director                                                               

About CMR Fuel Cells plc:

CMR Fuel Cells plc is a UK developer of fuel cell stacks for portable and small
stationary power generation applications. CMR has developed a new and radical
approach to fuel cell design which has the potential to significantly
accelerate the commercial penetration of fuel cells in a comprehensive range of
power generation and power supply applications. This patented and unique
enabling technology represents a fundamentally different way of designing and
building a fuel cell which is expected to yield significant benefits in terms
of costs and space savings. The company estimates that their system, once
thoroughly developed, could be up to c. 5x cheaper and 10x smaller than current
fuel cells built using conventional architecture. Three high level patents
encompass the main fundamentals of the company's intellectual property, which
have already been granted in Australia and China (in March 2006) and are
progressing in the other key international jurisdictions. The company will
initially address the rapidly developing DMFC (Direct Methanol Fuel Cell) arena
with its technology, but eventually it is thought that their fuel cell
technology and design architecture will be equally applicable to other fuel
cell chemistries such as PEM (Proton Exchange Membrane), SOFC (Solid Oxide Fuel
Cell) and AFC (Alkali Fuel Cell).The company already has several commercial
relationships with potential partners (particularly in the area of consumer
electronics), suppliers and OEM systems integrators. It is expected that many
of these will be formalised over the course of the next 6-12 months in the form
of development agreements and strategic partnerships.

Recently CMR have been:

  * Selected by Harvard Business School as one of 25 companies 'most likely to
    change our world by 2010'
   
  * Selected by the World Economic Forum as a Technology Pioneer for 2006
   


END

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