API also has exciting developments involving several different technology applications. In the portable power arena, API has an emerging relationship with one of the world's largest manufacturers of PEM fuel cells. The advanced engineering solutions group of this company initiated contact with API -- seeking a new hydrogen generation technology that can be paired with their fuel cell systems to open up new man-portable and back-up power applications and markets. In a related vein, API is in discussions with a major University regarding a partnership to commercialize their unique hydrogen storage Intellectual Property, which is highly synergistic with API's hydrogen generation technology. This new initiative would provide an entry into new fuel cell markets for vehicular, back-up and auxiliary power applications. Further public announcements will be forthcoming as these relationships evolve.
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