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Power Air Successfully Demonstrates World's First Zinc Air Fuel Cell Powered Indoor Generator and Design Prototype at Fuel Cell Expo 2007

Posted on: Monday, 12 February 2007, 09:00 CST

LIVERMORE, Calif., Feb. 12 /PRNewswire-FirstCall/ -- Power Air Corporation (BULLETIN BOARD: PWAC) completed a three day demonstration of its Zinc Air Fuel Cell ("ZAFC") powered indoor generator prototype, as well as introduced the design prototype produced by its Asian Joint Venture partner, H-Plus Eco Ltd., at the Fuel Cell Expo 2007 in Tokyo, Japan.

"To date, Power Air has been demonstrating its Zinc Air Fuel Cell powered demonstration generator only to potential business partners covered under Non- Disclosure Agreements," states Mr. Donald Ceci, VP Sales and Marketing at Power Air. "Fuel Cell Expo 2007 was the ideal setting to unveil our exclusive technology to a wider audience, and to attract further Asian distribution and development partners to work with our Asian Joint Venture."

The fuel-cell based generator demonstration unit is powered by Power Air's ZAFC running on zinc fuel, which is non-flammable and non-explosive. Because there are no harmful emissions, Power Air's generator has the unique and exclusive advantage of being able to run indoors without the fear of carbon monoxide poisoning to the end user. The company emphasized these advantages by running the demonstration in a centre stage Seminar at the Fuel Cell Expo.

Near term applications for the indoor capable generator range from backup power for apartments, homes and businesses during power outages, to emergency power use for police, fire, homeland security, and disaster recovery.

"ZAFC based generators have the potential to revolutionize the back-up power industry," states Mr. Remy Kozak, President and CEO of Power Air. "Not only do we reduce emissions and offer a sustainable alternative to the traditional generator solutions, our technology creates a completely new market for extended run indoor backup power and positions us as the industry leader."

In addition to demonstrating its generator prototype at the Fuel Cell Expo 2007, Power Air plans to participate in the Hannover Messe -- the largest Energy and Industrial Trade Fair in the World, in Germany in mid-April, 2007, where over 100 companies and research institutions from 25 countries will reveal their latest products and developments. Power Air will demonstrate its indoor generator at Hannover Messe, as well at Alternative Energy 2007, a premier alternative energy and clean energy technology event, in Chicago in late April, 2007, and 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.

About H-Plus Eco Ltd.

H-Plus Eco Ltd. was founded in Nov. 2000 and is a leading company in environmental consulting, engineering and construction for contaminated soil and wastewater in Korea. H-Plus has an excellent business network with refineries, engineering companies and motor companies in Korea such as GS Caltex, GSE&C and Hyundai/Kia Motors. Recently H-Plus Eco has started business with Reliance and HPCL in India and FPC in Taiwan.

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, http://www.ae2007.com/

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 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 Power Air Corporation

Power Air Corporation, with 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 +1-925-960-8777 or visit our website at http://www.poweraircorp.com/.

Investor Relations call +1-866-734-7026 or e-mail to investors@poweraircorp.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: Media, +1-925-960-8777, or Investors, +1-866-734-7026, orinvestors@poweraircorp.com

Web site: http://www.poweraircorp.com/http://www.h2fcc.ca/http://www.ae2007.com/http://www.fcexpo.jp/http://www.hannovermesse.com/

Source: PRNewswire-FirstCall

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