NEWS RELEASE

Power & Energy Inc. Named a Top Innovator Winner

IVYLAND, Penn./EWORLDWIRE/ June 14, 2010

Power & Energy is pleased to announce that it has been selected as a winner of the annual New York Venture Summit Top Innovator award by youngStartUp Ventures. The list of privately held companies recognizes those that play a leading role in innovation for the Technology, Life Sciences and Clean-tech sectors.

As one of the winners, President and COO of Power & Energy Noel Leeson, will present the company at the exclusive 2010 New York Venture Summit on June 17th at The Hotel Penn in New York City, where a select group of 450 entrepreneurs, investors, and corporate developers will gather to be the first to meet this next wave of leading edge companies. Power & Energy is honored to be in this very elite group of young StartUp Ventures Top Finalists. Honoring the Best

To Honor the youngStartUp Ventures Top Innovator recipients, young StartUp Ventures has invited their CEOs and founders to present at The New York Venture Summit, a forum for the most exciting early stage and emerging growth companies, and to share their insights on the future of innovation,and the entrepreneurial journey. Held at The Hotel Penn in New York City, this intimate, invitation-only conference is the premier venue for today’s promising startups. For more information on the summit visit: YoungStartUp.com(http://www.youngstartup.com/newyork2010/overview.php ).

About Power+Energy

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.