Cellex Power™ has announced that the logistics subsidiary of Wal-Mart Stores, Inc. will participate in its next set of field trials designed to test Cellex's fuel cell products for powering electric lift trucks.

Mr. Chris Reid, Cellex's President and CEO commented "Lead acid batteries typically last only 4 to 8 hours before requiring a battery change. In a centralized battery room a depleted battery is removed from the lift truck and replaced with a freshly charged battery, enabling the truck to return to work. Customers can change batteries 2 to 3 times a day, resulting in lost productivity and increased operational cost." Reid added "our hydrogen fuel cell products produce zero harmful emissions and will possess additional environmental benefits to our customers."

Reid says, "We have been conducting field trials since February 2002 and have logged hundreds of truck days. We are excited about the upcoming field trials that will include Wal-Mart as it is a milestone in our product development and commercialization plans."

The field trials are set to begin later this year.

About Cellex
Cellex, formed in 1998, is focused on the development and commercialization of innovative fuel cell products for customers who operate fleets of Industrial Vehicles. Specifically, Cellex is developing fuel cell power solutions that will increase productivity and decrease operational costs for customers operating fleets of electric lift trucks.

For more information on Cellex:
CONTACT: Blair Lill, Marketing Manager, Cellex Power Products, Inc.
Phone: 604.248.3552, Email: blill@cellexpower.com, website: www.cellexpower.com.