NEWS RELEASE

Noel Leeson Appointed President & COO of Power & Energy Inc.

IVYLAND, Penn./EWORLDWIRE/ March 16, 2010

Power & Energy Inc. (P+E) today announced that Noel Leeson has joined the company as president and chief operating officer.

Leeson has enjoyed a 20+ year career in the industrial gases industry. Most recently he headed the Electronic Gases business of Linde AG, the leading industrial gas supplier. Leeson has lived and worked in the United States, Europe and Asia, and he has extensive experience in developing and growing businesses with global potential.

Commenting on Leeson’s appointment, Power & Energy’s Chairman and CEO Peter Bossard said, “Power and Energy has reached a critical stage in its development. We have launched our latest range of micro-channel purifiers capable of producing 99.9999999 percent hydrogen at flow rates up to 320NM3/Hr, and we are expanding our marketing reach into Taiwan, China and Korea, to meet the rapidly growing demand for high purity hydrogen in these markets. Noel Leeson is a seasoned executive with extensive experience in our key markets who will lead P+E through the next phase of its growth.”

About Power+Energy

Power & Energy is headquartered in Pennsylvania, USA. Established in 1993, the company’s mission is to enable the hydrogen economy and promote energy efficiency through the application of micro-channel technologies. The company provides a full range of micro-channel hydrogen purifiers to ultra-high purity users across the U.S., Asia and Europe.

Power & Energy is leading the way to the hydrogen economy with proprietary manufacturing and patented hydrogen purification, separation and generation technologies. Power & Energy’s Micro-Channel palladium-alloy hydrogen purifiers purify any grade of hydrogen to nine-nines purity, meeting the most stringent requirements for semiconductor fabrication processes, including light emitting diode manufacture, solar cell manufacture and the manufacture of other compound and silicon semiconductors. Power & Energy’s Micro-Channel hydrogen purifiers are also ideal for metallurgy, R&D, and instrumentation applications. Power & Energy’s Micro-Channel membrane systems can also be used to efficiently separate hydrogen from reformed fuels and synthesis gas mixtures.
Power & Energy is now applying its hydrogen expertise to the fuel cell vehicle refueling market. Power & Energy has recognized that highly compact, low cost, and efficient hydrogen generators that can convert existing liquid fuels to hydrogen at the refueling station will enable the rapid development of the hydrogen refueling infrastructure that fuel-cell vehicles will require. The company’s expertise in the design and manufacture of micro-channel gas processors provides the basis for this exciting new venture.

For further information, contact Noel Leeson, Power & Energy Inc., 106 Railroad Drive, Ivyland, PA 18974-1449, e-mail sales@powerandenergy.com.