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Power Air to Demonstrate Indoor Generator at World Expositions

Posted on: Thursday, 24 August 2006, 09:00 CDT

LIVERMORE, Calif., Aug. 24 /PRNewswire-FirstCall/ -- Power Air Corporation (BULLETIN BOARD: PWAC) today announced that it will demonstrate its fuel cell based generator at a number of North American and International Power and Fuel Cell events in early 2007.

"Power Air has been chosen to present at Alternative Energy 2007, a premier alternative energy and clean energy technology event, in Chicago in late April, 2007," states Mr. Donald Ceci, VP Sales and Marketing at Power Air. "We have also been invited to participate at the Hydrogen and Fuel Cells 2007: International Conference and Trade Show in Vancouver, Canada in April, 2007. These two events offer Power Air the opportunity to expose its technology and discuss collaboration on commercial products with both North American and International partners."

Power Air announced in June of 2006 that it is collaborating on the co-development and commercialization of an emergency back-up generator product for North America with Schrader Bridgeport International.

The fuel-cell based generator to be demonstrated at the tradeshows will be similar in appearance to traditional generators -- showing how readily Power Air's zinc-air fuel cell stack can be incorporated into commercial applications. In function, however, the Power Air generator will deliver added value, including the ability to provide reliable back-up or occasional use power safely indoors with zero emissions.

In addition to the North American events, Power Air has been invited and plans to participate in the Fuel Cell Expo 2007 in Tokyo in early February, 2007, and in the Hannover Messe -- the largest Energy and Industrial Trade Fair in the World, in mid-April, 2007, where over 100 companies and research institutions from 25 countries will reveal their latest products and developments.

"Participation in these prestigious events is an important pre-commercial activity," states Mr. Remy Kozak, President and CEO of Power Air. "We look forward to demonstrating to potential industry partners around the globe the progress Power Air has made towards commercializing our exclusive fuel cell technology."

About Alternative Energy 2007

Alternative Energy 2007 is a premier alternative energy and clean energy technology event, in Chicago in April, 2007. Alternative Energy 2007 will bring together an audience of more than 2,000 senior executives from around the world for five days of highly focused speeches, company presentations and networking.

About Hydrogen and Fuel Cells 2007

Hydrogen & Fuel Cells 2007: International Conference and Trade Show from April 29 - May 2, 2007 in Vancouver, Canada will highlight global activities and state-of-the-art in hydrogen and fuel cell products, technologies and demonstrations. Attendees will be presented the latest scientific breakthroughs, commercial opportunities and policy developments from the world's prominent hydrogen and fuel cell experts. http://www.h2fcc.ca/

About Fuel Cell Expo 2007

Fuel Cell Expo 2007 is endorsed by the US Fuel Cell Council, World Fuel Cell Council, Hydrogen and Fuel Cells Canada, Fuel Cell Europe, and several other fuel cell associations. Fuel Cell Expo 2006 presented 404 leading companies from over 14 regions and 23,039 visitors from countries worldwide. http://www.fcexpo.jp/

About Hannover Messe

Hannover Messe is the largest Energy and Industrial Trade Fair in the World. Hannover Messe 2006 was attended by 5,175 companies from 66 countries worldwide. http://www.hannovermesse.com/

About Schrader Bridgeport International

Schrader Bridgeport International is a wholly owned subsidiary of Tomkins plc, serving the major players within the Industrial and Automotive markets based around the world.

About Tomkins plc

Tomkins plc is a world-class global engineering and manufacturing group with market and technical leadership across its two business groups: Industrial & Automotive and Building Products. Tomkins plc has 132 manufacturing facilities around the world with sales of $5.9 billion dollars in 2005, http://www.tomkins.co.uk/.

About Power Air Corporation

Power Air Corporation, with the head office in Livermore, California, is engaged in the business of developing, manufacturing and marketing fuel cell based commercial products. Power Air has the exclusive worldwide license to zinc-air fuel cell technology that has been developed at the Department of Energy's Lawrence Livermore National Laboratory, in Livermore, California, for all fields of use (portable, stationary, light mobility and transportation applications) and commercialization.

For further information please call +1-925-960-8779 or visit our website at http://www.poweraircorp.com/.

Investor Relations call +1-866-734-7026 or e-mail to investors@poweraircorp.com or OTC Financial Network, Peter Clark, +1-781-444-6100 x629 or email peter@otcfn.com.

This news release has been prepared by management of the company who takes full responsibility for its contents. No exchange, over-the-counter market or federal or state securities administrator has in any way either reviewed, approved or disapproved of the contents of this news release.

This news release contains forward-looking statements within the meaning of section 27A of the United States securities act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the timely completion of all material and non-material matters comprising the share exchange agreement and its related transactions, the belief that the company will raise sufficient funding for the company's projected business purposes and the expectation that the company may be able to secure joint venture partners in the development of its technology. These statements involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, factors outside the control of the company. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the company's periodic reports filed from time-to-time with the United States securities and exchange commission.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Power Air Corporation

CONTACT: Investor Relations, +1-866-734-7026,investors@poweraircorp.com; or Peter Clark of OTC Financial Network,+1-781-444-6100, ext. 629, peter@otcfn.com

Web site: http://www.poweraircorp.com/http://www.h2fcc.ca/http://www.fcexpo.jp/http://www.hannovermesse.com/http://www.tomkins.co.uk/

Source: PRNewswire-FirstCall

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