ANNOUNCEMENT: POWERTECH AND PRAXAIR FORM STRATEGIC ALLIANCE


SURREY – Powertech, a subsidiary of BC Hydro, has signed a strategic alliance with Praxair, Inc. (NYSE: PX) and Praxair Canada to jointly market and sell Praxair’s hydrogen and Powertech’s hydrogen fueling equipment to materials handling customers, specifically to distribution centers for hydrogen fuel-cell powered forklifts.

The alliance between Praxair and Powertech brings together North America’s largest hydrogen producer combined with a leader in innovative hydrogen fueling systems to provide reliable, costeffective hydrogen fueling to fill a growing need. In 2002 Powertech designed and built the world’s first 700-bar fast-fill hydrogen fueling station, and has since designed, built and installed a host of increasingly innovative and technically advanced mobile and permanent high-pressure vehicle fueling systems.

“Praxair and Powertech bring many years of combined experience and expertise in both hydrogen supply and fueling equipment to successfully meet the growing needs of these leading edge customers,” said Scott Sanderude, VP Marketing & Business Development for Praxair.

“Powertech is a leader in providing clean energy consulting, testing and system solutions,” says Eamonn Percy, President of Powertech. “Distribution centers with large materials handling fleets are realizing the benefits of hydrogen fuel-cell powered forklifts. This partnership will help increase their productivity while potentially decreasing costs associated with operating traditional battery powered forklifts.”