NEWS RELEASE

Rep. Patrick Murphy Secures $2.4 Million for Clean Energy Technology

Funding for Next Generation Fuel Technology Will Help Rebuild Local Economy, Create Jobs

WARMINSTER, PA  — Monday, January 4, 2010 – Today, Congressman Patrick Murphy (D-8th District) announced $2.4 million in federal funding that he recently secured for clean hydrogen fuel technology for Bucks County-based Power+Energy.

Rep. Murphy was joined by Peter Bossard, the founder, CEO and President of Power + Energy, Inc. The locally-owned small business is working with the United States Navy to develop hydrogen purification and generation technolog.

The cutting-edge technology developed by P+E will help cut down on fuel consumption, reduce greenhouse gases, and lessen our dependence on foreign oil, while creating jobs and rebuilding the local economy.

Congressman Murphy has been a tireless advocate for bringing green jobs to Bucks County, and has secured millions of dollars in federal funding to ensure that Southeast Pennsylvania is a leader in renewable energy and job creation.

The funding comes as part of the FY 2010 Defense Appropriations bill, and will be used by the United States Navy as Power+Energy, Inc. develops hydrogen-powered shipboard engines for generation systems which use large amounts of fuel. With these replacement fuel cell systems, the Navy will greatly increase fuel efficiency, bringing them closer to meeting their objective of having a distributed power supply which is less vulnerable to attack.

“I’m proud to fight for funding that will help outstanding local companies like Power + Energy rebuild our economy with cutting-edge green technology,” said Rep. Murphy.

“Congressman Murphy has had the foresight to get funding for this critical hydrogen technology, and this will help P+E grow and employ significant numbers of people here in Bucks County,” said Peter Bossard, founder, CEO and President of Power + Energy, Inc.

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.