Opening Ceremony of US/China Energy and Environmental Technology Center’s Shanghai Office and the Introduction of Powerzinc’s Advanced Zinc Air Fuel Cell Technology will be held on March 6, 2003 in Powerzinc Electric (Shanghai), Inc.

US/China Energy and Environmental Technology Center (EETC) is a non-profit organization funded by US Department of Energy (DOE). EETC’s Mission is to promote the efficient, responsible production and utilization of clean energy, and to encourage environmental performance, while improving the quality of life in U.S. and China. EETC’s major objectives are (1) to nurture trust and goodwill for the benefit of both the US and China. (2) to promote US clean energy and environmental technology in China, (3) to identify profitable projects for US businesses, particularly small and medium size businesses. Through the introduction by DOE, Powerzinc and EETC has formed a partnership in March 2002 to jointly promote Powerzinc’s new environment-friendly zinc-air fuel technology in U.S. and China. An immediate goal is to demonstrate Powerzinc’s products as the most practical, near term fuel cell technology for electric vehicles in the world. In order to achieve its missions in China, EETC has decided to establish a new office in Shanghai at Powerzinc Electric (Shanghai), Inc.’s facility.

Powerzinc was founded in California. The company is dedicated to: (1) research, development and manufacturing of advanced, environment-friendly, zero emission Zinc-Air Fuel Cell; and (2) providing a fuel cell energy service platform with its initial market focus on electric vehicle applications using Zinc-Air Fuel Cells. Powerzinc’s products and its innovative refuel service concept have practically solved all the major problems of existing batteries for electric vehicles. Powerzinc has invested and established a production & service facility in Shanghai in 1999 and the facility had already started commercial production at the end of 2002. At the upcoming event, we will introduce and demonstrate Powerzinc’s outstanding achievements in the zinc-air fuel cell technology.

The event will take place at Powerzinc’s Shanghai factory at 1200 Hua Jing Road, Xu Hui District and will start at 9:00am local time on March 6, 2002.