Berlin – 3 December 2009. Heliocentris Fuel Cells AG, a specialist in clean energy storage solutions, is pleased to report two more orders for the supply of autonomous power supply solutions. The clients are the oil company Bahrain Petroleum from Bahrain and a university from Germany.

The solutions are hybrid energy storage systems consisting of batteries, fuel cells, electrolysers and adapted power electronics that store the locally generated solar or wind power. For the oil company project, Heliocentris will also deliver the photovoltaic and wind solution.

The projects have a total volume of approx. €300,000.
 
Dr Henrik Colell, CEO, commented: “After just recently receiving an order for a complete energy storage system, we are pleased about the two additional projects for similar energy solutions. The associated significant increase in sales confirms our growth strategy towards hybrid storage solutions.”

About Heliocentris Fuel Cells AG

Heliocentris Fuel Cells AG is a specialist for clean energy storage solutions based on a smart combination of batteries, fuel cells and energy management. Areas of application are mobile and stationary applications that require longer ranges than current batteries can provide. Examples are electric vehicles, onboard and emergency power supplies as well as electricity supply for off-grid applications such as monitoring stations or energy self-sufficient houses.  Heliocentris has been developing and marketing fuel cell-based energy solutions for more than 10 years now. Heliocentris initially targeted the training and lab markets as typical pioneer markets, where it has successfully positioned itself as one of the worldwide market leaders. Since 2006, Heliocentris has been entering selected industrial markets with considerable growth potential. With customers in over 60 countries and a broad distribution and partner network, Heliocentris is globally well positioned. Heliocentris Fuel Cells AG is listed at the Frankfurter Wertpapierbörse (Entry Standard) and employs in total 50 staff with its head office in Berlin and a subsidiary in Vancouver, Canada. Further information is available at: www.heliocentris.com.

Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Pressekontakt:

Dr. András Gosztonyi
CFO / Managing Director

Heliocentris Fuel Cells AG
+49-(0)30-6392-6185
a.gosztonyi@heliocentris.com

Katja Rinkinen

Senior Consultant

College Hill GmbH

+49-(0)69-133896-12

katja.rinkinen@collegehill.de

Berlin – November 30, 2009. Heliocentris Fuel Cells AG, a specialist in clean energy storage solutions, is pleased to announce its preliminary numbers for the nine months ending September 2009. Revenues for the period were up 33% year on year to EUR 2.27 million despite a difficult market environment.

Dr. Andras Gosztonyi, CFO, commented: “We are pleased that our expansion strategy translates into considerable revenue growth even in a very turbulent market. It shows the strategy to be aggressive but also well balanced.”

Group sales totaled EUR 2.27 million (Q1-Q3 2008: EUR 1.71 million) until the end of September. Net loss totaled EUR -2.05 million (Q1-Q3 2008: EUR -1.74 million).

At the end of the quarter, the company’s liquid funds totaled EUR 4.45 million. The figures are in accordance with German Accounting Standards (HGB) and are unaudited.

About Heliocentris Fuel Cells AG
Heliocentris Fuel Cells AG is a specialist for clean energy storage solutions based on a smart combination of batteries, fuel cells and energy management. Areas of application are mobile and stationary applications that require longer ranges than current batteries can provide. Examples are electric vehicles, onboard and emergency power supplies as well as electricity supply for off-grid applications such as monitoring stations or energy self-sufficient houses.  Heliocentris has been developing and marketing fuel cell-based energy solutions for more than 10 years now. Heliocentris initially targeted the training and lab markets as typical pioneer markets, where it has successfully positioned itself as one of the worldwide market leaders. Since 2006, Heliocentris has been entering selected industrial markets with considerable growth potential. With customers in over 60 countries and a broad distribution and partner network, Heliocentris is globally well positioned. Heliocentris Fuel Cells AG is listed at the Frankfurter Wertpapierbörse (Entry Standard) and employs in total 50 staff with its head office in Berlin and a subsidiary in Vancouver, Canada. Further information is available at: www.heliocentris.com.

Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country. 

Press contact:

Dr. András Gosztonyi
CFO / Managing Director

Heliocentris Fuel Cells AG
+49-(0)30-6392-6185
a.gosztonyi@heliocentris.com

Katja Rinkinen

Senior Consultant

College Hill GmbH

+49-(0)69-133896-12

katja.rinkinen@collegehill.de

Thomas Lehne, Chancellor of the University of Applied Sciences Wildau: “The Department Physics Engineering is one of the leading of our strongly research oriented University. We have the expectation that the cooperation with Heliocentris will not be limited to the pure power supply technology but will lead to new impulses also in the field of energy management of renewable energies.”

Please contact us for further information:

Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel.: +49-(0)30-6392-6185

investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

As a partner of Ballard Power Systems, Heliocentris has sold the Nexa® Power Module around the world for the past five years. Heliocentris has integrated the fuel cell modules in training systems and numerous turnkey projects. For independent integration of the fuel cell module by the customer, Heliocentris also developed matching integration components. More than five years of experience in sales and servicing created the ideal basis for development of a proprietary system.

A new generation of modules

The goal of the Heliocentris development team was to create a follow-up generation for the popular fuel cell module that can not only match the power output of the former system, but also offer significant improvements. "The development of a mere replacement was never a desirable goal for us," says Klaus Rupprecht, Head of Product Development.

The parasitic power consumption could be reduced by up to 50%, thus significantly increasing the overall system efficiency of the Heliocentris Nexa 1200 as compared with the former model. This was achieved by the concept of atmospheric air supply in combination with the air-cooled stack.

Whilst the old Nexa® Power Module requires a compressor and a fan for the supply of reaction and cooling air, the Heliocentris Nexa 1200 uses a single fan on the back of the system drawing in ambient air for even distribution through the entire system. In addition to improved cooling, this made it possible to eliminate components such as a compressor or cooling water pump, which cause significant parasitic loads.

The system is therefore especially suitable for applications requiring long operating times with a limited hydrogen supply, for example in backup systems for standalone photovoltaic systems or uninterrupted power supply systems.  

Optimized for easy integration

The fully integrated Heliocentris Nexa® 1200 contains all system components in a stable plastic housing, which also functions as a component rack and air baffle system. Inadvertent manipulation or short circuits on the stack, which can be caused by falling objects, are not possible. It is not necessary to enclose the system prior to integration. In this respect, the Heliocentris Nexa® 1200 eliminates complex integration processes. "Solely for the purpose of directed dissipation of cooling air, many of our customers have integrated the system from Ballard in a box," explains Klaus Rupprecht; "with the Heliocentris Nexa® 1200 we have already solved this problem. The air outlet is designed for easy attachment of an exhaust air duct. Draining the water accumulated during the reaction is also facilitated. It evaporates with the cooling air." It is therefore not necessary to drain the water from the application.

The Heliocentris Nexa® 1200 has a central interface unit on the back. With respect to orientation of the fuel cell module in the application, the system is likewise more flexible. While the system from Ballard could be installed only in upright position, the Heliocentris Nexa® 1200 can be installed vertically, horizontally and over head. The profile rails embedded in the housing enable easy mounting of the system in upright or suspended position. The system is also optimized for integration in 19" racks.  

Fit for the series

For use in series applications the fuel cell module fulfills the requirements of integrators. The system is equipped with an internal safety loop allowing also for integration of external components, such as an external hydrogen warning system, and conforms to the fuel cell standard EN 62282. Simple maintenance tasks, such as changing filters, can even be carried out by the user. An integrated error memory facilitates diagnosis in the event of an outage.

Availability

The Heliocentris Nexa® 1200 will be available in Europe starting the fourth quarter of 2009, initially as a lab system. Markets outside of Europe will be covered by the end of the first quarter of 2010. In addition to the fuel cell module, the product bundle includes a start-up kit for fast and easy system start-up, as well as monitoring software. An optional electronic load can also be purchased from Heliocentris.

Toward the end of the first quarter of 2010 Heliocentris will also offer an Overall System Controller (OSC) for the control of complex energy systems, consisting of several sources and drains, and a DC converter for battery hybridization.

For further information please contact:

Heliocentris Energiesysteme GmbH

Kilian Frank, Head of Marketing and Sales

Tel.: +49-(0)30-6392-6134

pr@heliocentris.com

Nexa® is a registered trademark of Helliocentris Energiesysteme GmbH

Ballard and FCGen™ are registered trademarks of Ballard Power Systems Inc. 

Berlin, Germany - September 22, 2009. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today announced its preliminary half year results in accordance with German Accounting Standards (HGB). In the first six months of 2009 the company achieved revenues of EUR 1.56 million (2008: EUR 1.23 million), a 26 % increase over the first six months of 2008. The net loss was EUR -1.40 million compared to a net loss of EUR -1.06 million in the same period last year. This loss includes, however, the costs of EUR 0.13 million of the capital increase in April.

Highlights of first Half Year 2009:

• Revenue increase of 26% compared to the first six months 2008 
• OEM-Agreement with the Lucas-Nülle Gruppe GmbH, a leading engineering, training and educational equipment company
• Presentation of the new Heliocentris Nexa 1200 fuel cell system as well as a grid-independent power supply based on this new system at the Hannover Messe 2009
• Delivery of an electrolyser for a hydrogen filling station for the fuel cell bus of the City of Barth
• Capital increase with gross proceeds of EUR 4 million, Conduit Ventures becomes shareholder

Revenues for the first half of 2009 were EUR 1.56 million (2008: EUR 1.23 million). The 26% increase in revenues primarily resulted from strong business development in Germany that was strongly driven by the stong growth in our project business. The gross profit relative to gross revenue decreased to 41.0% compared to 47.8% of the previous year, mainly the result of a larger strategic project with a significantly lower margin. The relative share of revenues from outside Germany decreased to 62% compared to 74% in the first half year, 2008 resulting from larger projects in Germany.

Total operating expenses for the first six months 2009 were EUR 2.09 million (2008: EUR 1.71 million). Human resource expenses grew to EUR 1.18 million from EUR 0.97 million in the first half year 2008 due to headcount increases. At June 30 this year, Heliocentris had 46 employees (December 31, 2008: 41 employees).The hiring occurred mainly in product development, sales and administration. Other operating expenses increased to EUR 0.91 million from EUR 0.74 million in the six months to June 30, 2008 mainly resulting from the costs of the capital increase (EUR 0.13 million) in April.  The net loss for the first half of 2009 was EUR -1.40 million, compared to EUR -1.06 million in the first half of 2008.

On June 30 2009, the company had EUR 4.94 million in cash. The number of issued shares on June 30, 2009 was 3.05 million.

Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG said: 'Our revenue growth of 26% in a challenging economic environment underscores our strong positioning and our ability to execute our growth strategy. We are proud of the successes in our still young project business that opens up exiting business opportunities besides the generated revenue. Based on our solid sales growth as well as the significant amount of secured orders we expect significant sales growth also for the full year 2009.'

The complete first Half Year Report as of June 30 can be downloaded from our homepage www.heliocentris.com.

Please contact us for further information:

Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel.: +49-(0)30-6392-6185
investorrelations@heliocentris.com
About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Dr. András Gosztonyi, CFO, and Dr. Claus Fischer, Sales Director for the Asian markets, introduced Her Royal Highness to the diverse fuel cell solutions for educational, research and industry purposes offered by Heliocentris. Education was found to be the key driver of economic success.

With the expansion of the company’s activities in Asia, Heliocentris is proud to count several universities in Thailand among its customers. These conduct research and develop energy solutions including hydrogen and fuel cell technology. The delivery of a comprehensive fuel cell educational laboratory to the renowned Khon Kaen Vocational College in north-east Thailand constituted a major milestone of our activities.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr. András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG 

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

"Having successfully completed the fuel cell bus integration, we are pleased to have also delivered the complimenting hydrogen generation system. This further demonstrates our competence and ability to deliver comprehensive solutions in the hydrogen and fuel cell technology arena" said Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG.

The hydrogen electrolyzer from Hydrogenics delivers 10 m3 of hydrogen per hour and will generate the hydrogen required to operate the fuel cell bus. A major advantage for the city of Barth is the simultaneous generation of 5 m3 of oxygen per hour, which will be used to increase the capacity of the local sewage treatment plant.

"Heliocentris submitted the bid with the best price-performance ratio and convinced us that we made the right decision throughout the implementation of the project," Mr. Hellwig, Project Director of the City of Barth, adds with satisfaction.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr. András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG 

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany – June 23, 2009. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, announces the company’s introduction of reporting of key figures on a quarterly basis starting with Q1 2009, to increase transparency.

In the first quarter, Heliocentris was able to continue the dynamic growth of the two previous years, with a growth in sales of 26 percent, despite the difficult market environment. Group sales totaled EUR 0.58 million (Q1 2008: EUR 0.47 million). The deficit totaled EUR -0.58 million (Q1 2008: EUR -0.46 million). This planned increase in the deficit reflects the company’s growth strategy and the accompanying increase of employees in R&D and Sales & Marketing as compared with the same period of the preceding year. At the end of the quarter, the company’s liquid funds totaled EUR 1.72 million, and this amount was increased substantially in April 2009 due to a capital increase of EUR 4 million. All figures are unaudited. One of the highlights of the first quarter was the signing of an OEM contract with the Lucas-Nülle Group GmbH (Kerpen-Sindorf, Germany) a leading engineering, training and educational equipment company.

Please contact us for further information:

Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel.: +49-(0)30-6392-6185
investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com 

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany – May 25 2009. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today announced its financial results in accordance with German Accounting Standards (HGB) for the fiscal year 2008, ending December 31, 2008. The company achieved Group revenues of EUR 2.57 million (2007: EUR 2.09 million), which is a 23 % increase over 2007. The company reports a net loss of EUR 2.29 million compared to a net loss of EUR 1.39 million in the previous year and was thus in line with the company's expectations.

Highlights of the Year 2008:

• Integration of a 32 kW fuel cell system in a midi bus of the city of Barth and receipt of the follow-up order for the delivery of an electrolyser for the hydrogen fuelling of the fuel cell bus

• Expansion of the cooperation with Ballard Power Systems through an agreement to integrate Ballard´s new generation of fuel cells and through the exclusive worldwide takeover of customer service for Ballard´s Nexa Power Module

• Presentation of system prototypes at the Hannover Fair based on fuel cell stacks of our strategic partners Ballard Power Systems and Schunk

Group revenues for the full year 2008 amounted to EUR 2.57 million (2007: EUR 2.09 million). The increase in revenue by 23 % resulted primary from significantly increased sales in America and Germany. The revenue related gross profit increased slightly from 47 % in 2007 to 48 % in 2008. Revenues from sales outside Germany decreased slightly from 81 % in 2007 to 77 % in 2008.

Total operating expenses for the full year 2008 were EUR 3.74 million (2007: EUR 2.50 million). Human resource expenses grew mainly due to the hiring of new personnel to EUR 2.09 million in 2008 from EUR 1.21 million in 2007. As of December 31, 2008 Heliocentris had 41 employees (December 31 2007: 26 employees). The hiring taking place mostly in sales, R&D and the project department constitute an important precondition for capturing market opportunities and strengthening the positioning of Heliocentris. Other operating expenses increased to EUR 1.65 million from EUR 1.29 million in 2007 resulting mainly from increased sales and marketing, R&D and other operating expenses partly reflecting the increased personnel. Also included are capital market as well as investor relations costs of EUR 0.24 million. The net loss for 2008 amounted to EUR 2.29 million, compared to EUR 1.39 million in 2007.

On December 31, 2008, the company had EUR 2.54 million in cash. The number of issued shares at December 31, 2008 was 2.25 million.  

Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG, comments: "We are pleased to have continued our growth story this year with a revenue increase of 23 %. The successful implementation of our project business, visible by the projects delivered as well as by the orders already acquired for delivery in 2009, is an important milestone for our company. Based on the positive start of our business in the new year we are – despite the worldwide turbulences – confident to finish also the fiscal year 2009 with growth."

The complete Annual Report 2008 is due out on June 3, 2008 and can be downloaded from our webpage www.heliocentris.com.

Please contact us for further information:

Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel.: +49-(0)30-6392-6185
investorrelations(at)heliocentris.com
 

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany – April 17, 2009. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, has successfully completed its subscription rights issue and a subsequent private placement issuing 800,000 shares at EUR 5.00 per share. The company is especially proud of having won, in addition to existing shareholders, Conduit Ventures, London as a new major shareholder. Conduit with shareholders such as Shell, Mitsubishi and Solvay is a venture capital company with a special focus on energy storage, fuel cell and supporting low carbon technologies. The company raised gross proceeds of EUR 4.0 million. Its share capital will increase from EUR 2.25 million to EUR 3.05 million divided up into 3.05 million shares at a par value of EUR 1 per share.M.M.Warburg & CO, Hamburg, and the London investment house Innovator Capital Limited, which specializes in clean technologies, have managed the transaction.

According to Dr. Colell, CEO of Heliocentris Fuel Cells AG, "We are very happy and grateful for the continued confidence shown in Heliocentris by our existing shareholders and welcome Conduit Ventures, one of the most knowledgeable investors in our field, as a strategic shareholder. The capital raised will allow us to maintain our growth strategy, particularly the continuing internationalization of our core business and the entry into industrial market segments through the development and launch of new hydrogen and fuel cell systems".

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr. András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - March 04, 2009. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today announced preliminary financial results in accordance with German Accounting Standards (HGB) for the fiscal year 2008, ending December 31, 2008. The company achieved Group revenues of EUR 2.6 million for the year, a 23% increase on 2007 revenues of EUR 2.1 million.

Heliocentris also reports a net loss of EUR 2.3 million compared to EUR 1.4 million in the previous year. This planned increase in net loss reflects the company's growth strategy and its inherent staff buildup in both the R&D and sales & marketing teams.

At the end of 2008, Heliocentris had a cash position of EUR 2.6 million compared with EUR 5.4 million in 2007. All figures are unaudited.

Dr. András Gosztonyi, CFO of Heliocentris Fuel Cells AG, said: 'The continued revenue increase in 2008 confirms the success of our prudent growth strategy. Given the significant orders with which we have started the year, EUR 0.6 million compared with EUR 0.1 million the previous year, we are in an excellent position for further growth in 2009.'

The release of the audited Annual Report 2008 is planned for May 20 2009.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr. András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market. Further information can be found at www.heliocentris.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - January 29, 2009. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today announces an OEM agreement with Lucas-Nülle Group GmbH (Kerpen-Sindorf, Germany) the engineering, training and educational equipment company. Under this agreement, Heliocentris will provide both fuel cell and hydrogen educational OEM packages for Lucas-Nülle to develop and sell co-branded fuel cell training systems throughout the world.

Lucas-Nülle develops and distributes engineering educational equipment to universities, technical colleges and vocational schools worldwide and is regarded as one of the worldwide leaders in this field. About 80% of Lucas-Nülle’s business is in the international project-based field, supplying complete laboratories to universities and vocational training facilities. Lucas-Nülle will distribute the co-branded products worldwide.

Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG said: “This deal, with the renowned global player Lucas-Nülle, is a great opportunity for Heliocentris to open up a larger scale project business in terms of equipping full laboratories, which are typically backed by large organisations and government funding. This contract is proof that our strategic drive to work more closely with original equipment manufacturers is working.”

Christoph Müssener, Head of R&D of Lucas-Nülle Group said: “The education of students in alternative energy technologies with hydrogen and fuel cells as an important part has created major opportunities for Lucas-Nülle. The fact that Heliocentris has over 10 years of experience in hydrogen and fuel cell education combined with its unique portfolio of educational platforms and worldwide brand were very important preconditions for this partnership.”

Please contact us for further information:

Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel.: +49-(0)30-6392-6185

investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - November 04, 2008. Heliocentris Fuel Cells AG, the fuel cell system integrator, announced today that the City of Barth in Mecklenburg-West Pomerania has awarded Heliocentris a contract to deliver an electrolyser for the supply of hydrogen to the City's hybrid midi-bus and to optimize the City's wastewater treatment facility. This new contract follows Heliocentris' successful integration of a 32 kW fuel cell system for use in the Barth midi-bus, earlier this year.

"This contract proves we can deliver fully functioning fuel cell systems together with the necessary hydrogen infrastructure for a transport system," said Dr. Henrik Colell, CEO of Heliocentris. "This contract will add significantly to our revenues in 2009."

The hydrogen electrolyser provided by Hydrogenics, which can deliver 10m3/hour of hydrogen, will be used to generate the necessary hydrogen to operate the fuel-cell bus. A major advantage of the electrolyser is the co-generation of oxygen (5m3/hour), which will be used to increase the capacity of the local wastewater treatment facility.

"Following the fast and successful integration of the fuel cell system for the midi-bus, we are very happy to have Heliocentris deliver the hydrogen infrastructure, also. We are confident Heliocentris will once again reliably deliver on schedule," said Mr. Hellwig, Project Manager of the City of Barth. "We are also expecting from the cooperation with Heliocentris a goal-orientated project delivery as we have already achieved with the hybrid bus."

PLease contact us for further information:

Heliocentris Fuel Cells AG
Dr. András Gosztonyi (CFO)
Tel.: +49-(0)30-6392-6185
investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - September 29, 2008. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today announced its preliminary half year results in accordance with German Accounting Standards (HGB). In the first six months of 2008 the company achieved revenues of EUR 1.23 million (2007: EUR 0.99 million), a 24 % increase over the first six months of 2007. The net loss was EUR 1.06 million compared to a net loss of EUR 0.59 million in the same period last year. On June 30, Heliocentris' cash position was EUR 3.98 million compared to EUR 5.43 million at the end of December 2007.

Highlights of first Half Year 2008:

• Revenue increased by 24 % compared to the first six months 2007 

• Distribution agreement with Ballard Power Systems for the Mark1020 ACS(TM) fuel cell

• Heliocentris becomes worldwide service provider for Ballard Power System's Nexaâ power modules

• Successful integration of a 32 kW fuel cell system into the City of Barth hydrogen powered midi-bus

• Launched campaign for new fuel cell system-platforms at the Hanover trade show

• The Managing shareholder of ebm-papst Mulfingen GmbH & Co. KG and the CEO of Feri Finance AG selected to the Supervisory Board

• Heliocentris becomes technology partner of HyTech Challenge 08

Revenues for the first half of 2008 were EUR 1.23 million (2007: EUR 0.99 million). The 24 % increase in revenues primarily resulted from strong business development in Germany and the US. Additionally, the increasing relevance of the project business has affected the half year sales positively. The completion of the hydrogen powered midi-bus project for the City of Barth marks the successful development of the project business. The gross profit relative to gross revenue decreased slightly and amounted to 47.8%. This is mainly a result from lower other income as part of gross revenue. The relative share of revenues from outside Germany decreased to 74 % compared to 91 % in the first half year, 2007.

Total operating expenses for the first six months 2008 were EUR 1.7 million (2007: EUR 1.2 million). Human resource expenses grew to EUR 0.97 million from EUR 0.56 million in the first half year 2007 due to headcount increases. Other operating expenses increased to EUR 0.68 million from EUR 0.56 million in the six months to June 30, 2007. At June 30 this year, Heliocentris had 36 employees (June 30, 2007: 22 employees).

The net loss for 2007 was EUR 1.06 million, compared to EUR 0.59 million in the first half of 2007. The increase in net loss resulted from the further expansion of the service, project, and R&D departments. On June 30 2008, the company had EUR 3.98 million in cash compared to EUR 5.43 million as of December 31 2007. The number of issued shares on June 30, 2008 was 2.25 million compared to 1.5 in the same period 2007.

Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG said: "With our revenues up 24%, Heliocentris achieved strong development in the six months to June 30, 2008. At the same time, we were able to reach important strategic milestones, including: the presentation of two new system platform prototypes; becoming the worldwide service provider of Ballard Power Systems for Nexaâ power modules; and the successful integration of a fuel cell system into the City of Barth's hydrogen powered midi-bus. All these achievements show a significant increase in our development dynamics."

The complete first Half Year Report as of June 30 is due out on September 29 2008 and can be downloaded from our homepage www.heliocentris.com.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

E-mail: investorrelations@heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

In the last three years of this prestigious event, teams using Heliocentris fuel cell systems have achieved a podium finish, in each and every year, being first in class on two occasions. The systems supplied by Heliocentris are the Nexa® Power Module of Ballard and Heliocentris' own NP50 fuel cell power system.

"These two systems are the bedrock of our fuel cell systems range and are being used throughout the world by thousands of fuel cell experts," said Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG. Having these systems used in the Shell Eco-marathon to such good effect is a great example of our technology and the quality of our systems. We congratulate Professor Ulrich Hochberg of the University of Applied Sciences of Offenburg and his team for winning the hydrogen fuel cell class this year," Dr. Colell added.

Professor Hochberg said: "We decided to use the fuel cell integrated in the Nexa® power module obtained from Heliocentris because after three years of research and use, the system is clearly one of the best in its class. We optimized the control electronics to achieve maximum output and ultra-high efficiency resulting in an outstanding system performance with respect to the Shell Eco-marathon requirements."

The team from the University of Applied Sciences (Offenburg, Germany) came first in the hydrogen fuel cell category this year. The prototype vehicle - "Schluckspecht" - achieved a competition best distance of 3198 km per the hydrogen equivalent of a liter of Shell Super benzine - about the same as traveling from Berlin to Bagdad.

The Nexa® Power Module is one of the most widely sold fuel cell systems in the 1 kW power class. The system is noted for its outstanding price to performance ratio and reliable operation. Similarly, the NP50 also boasts outstanding reliability and robustness in the 50 watt power class.

The Shell Eco-marathon Europe was held this year at the Nogaro Motor Circuit in France and included 200 teams from schools and universities in over 20 European countries. The principle of the race is to design and build a vehicle that uses the least amount of fuel to travel the farthest distance. The Shell Eco-marathon in its current form began in 1985 in France, attracting thousands of young engineers and scientists.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

E-mail: investorrelations@heliocentris.com

Shaun Brown

Tel.: +44 20 7297 6840

E-mail: shaun.brown(at)innovator-capital.com

MC Services AG

Raimund Gabriel

Tel.: +49 89 210 228-0

E-mail: raimund.gabriel(at)mc-services.eu

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - May 26, 2008. The supervisory board of Heliocentris Fuel Cells AG - a leading fuel cell system integrator - will propose Michael Stammler as supervisory board member at this year's Annual General Meeting on July 10 2008. Michael Stammler will succeed Marco Zeller, Managing Director of Berlin based IBB Beteiligungsgesellschaft, who resigns from the supervisory board on July 10 2008.

Mr. Stammler, is Chief Executive Officer of Feri Finance AG, Germany's leading independent asset management firm and institutional and private wealth advisor. Having received degrees in Engineering and Business Administration he held positions at Siemens and Roland Berger before starting the Feri Trust Gesellschaft für Finanzplanung mbH in 1990, now known as Feri Wealth Management GmbH. Mr. Stammler has been Chief Executive Officer of Feri Finance since 2002.

"We are excited that Mr. Stammler has agreed to stand for nomination to our supervisory board. It is wonderful that he is prepared to dedicate his extensive capital markets experience and his passion for renewable energy technologies to our company," said Oliver Borrmann Chairman of the supervisory board. "We are a growth company working on innovative environmental technologies and as such rely heavily on the capital markets to ensure our future success. We have absolute confidence that both the company and our investors will benefit tremendously from the support of such a reputable expert like Mr. Stammler," Mr. Borrmann added.

"Furthermore", Mr. Bormann said: "we would like to express our gratitude to Mr. Zeller and thank him for his commitment and valuable contribution over the past two years."

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

E-mail: investorrelation(at)heliocentris.com

Shaun Brown

Tel.: +44 20 7297 6840

E-mail: shaun.brown(at)innovator-capital.com

MC Services AG

Raimund Gabriel

Tel.: +49 89 210 228-0

E-mail: raimund.gabriel(at)mc-services.eu 

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - May 22, 2008. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today announced its financial results in accordance with German Accounting Standards (HGB) for the fiscal year 2007, ending December 31, 2007. The company achieved Group revenues of EUR 2.09 million (2006*: EUR 1.72 million), which is a 22 % increase over 2006. The company reports a net loss of EUR 1.39 million compared to a net loss of EUR 0.48 million in the previous year*. The increased net loss includes capital market expenses of EUR 0.42 million. Revenues and net loss were in line with the company's expectations. At the end of 2007, Heliocentris' cash position quadrupled to EUR 5.43 million from EUR 1.36 million in 2006.

Highlights of the Year 2007:

• Capital increase in April 2007 with gross proceeds of EUR 1.56 million 
• Successfully completed private placement in December 2007 with gross proceeds of EUR 4.35 million
• Strengthened market position through cooperation and distribution agreements with Schunk, Ovonic, Parker Energy Systems and Hydrogenics
• Launch of new business unit Systems & Solutions

Group revenues for the full year 2007 amounted to EUR 2.09 million (2006*: EUR 1.72 million). The increase in revenue by 22 % resulted primary from an improved sales and distribution network in Asia and the Middle East, an increased project business and stronger market penetration of new premium products. The revenue related gross profit amounted to 47 %. Revenues from sales outside Germany represent 81 % of total revenues and remain at the same level as in the previous year*.

Total operating expenses for the full year 2007 were EUR 2.5 million (2006*: EUR 1.34 million). Human resource expenses grew to EUR 1.21 million in 2007 from EUR 0.68 million in 2006* The increase is particularly due to headcount increases at the end of 2006 and in 2007 in the sales and R&D departments. As of December 31, 2007 Heliocentris had 26 employees (December 31 2006: 20 employees). Other operating expenses increased to EUR 1.29 million from EUR 0.66 million in 2006* resulting from increased capital market expenses and other operating expenses.  The net loss for 2007 amounted to EUR 1.39 million, compared to EUR 0.48 million in 2006*. This corresponds to a loss of EUR 0.62 per share compared to EUR -0.40 per share in 2006*.

On December 31, 2007, the company had EUR 5.43 million in cash compared to EUR 1.36 million as of December 31, 2006. Representing a four-fold increase compared to last year. The number of issued shares at December 31, 2007 was 2.25 million compared to 1.2 million at December 31, 2006.  

Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG, comments: "The fiscal year 2007 has been very successful for the corporate development of Heliocentris. Based on our strong balance sheet and our strengthened sales and R&D teams Heliocentris is back on track for future growth.  Three new system platforms, result from last year's efforts were introduced to the market at the Hannover trade show in spring 2008. We feel confident that our investments through 2007 have laid a good foundation for our ongoing business performance."

The complete Annual Report 2007 is due out on June 5, 2008 and can be downloaded from www.heliocentris.com.

* The financial figures of the P&L for fiscal year 2006 are pro forma figures, as the insertion of Heliocentris   Energiesysteme GmbH as of May 2006 had not been financially implemented until December 31, 2006.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

E-mail: investorrelations(at)heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - May 21, 2008. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today announces a new agreement with strategic partner Ballard Power Systems (Canada), a world leader in clean energy fuel cell products. Under this new agreement Ballard has transferred the post-warranty technical customer service for its Nexaâ power modules to Heliocentris.

Ballard Power Systems has granted Heliocentris worldwide rights to operate as the technical customer service provider for Ballard's Nexaâ power modules. Heliocentris will now be the contact point for all previous and new customers, both industrial and academic, throughout the world. Heliocentris will provide product support and servicing for two years after the last Nexaâ power module sale, which is expected to be in 2009, as Ballard will stop production of these power modules in 2008. Heliocentris will, however, offer an improved successor product based on Ballard's next generation Mark1020 ACS(TM) fuel cells.

"This arrangement is validation of our servicing capabilities based on more than 10 years experience in marketing fuel cell systems," said Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG. "Furthermore, this shows the trust Ballard has in us."

"This agreement between Ballard and Heliocentris is based on four years of commercial cooperation between our companies," said Paul Cass, Director of Customer Service at Ballard Power Systems. "Throughout this time we have been impressed by Heliocentris' technological competence and quality of work," he added.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

E-mail: investorrelations(at)heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters that transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Corporate News:

Berlin, Germany - April 21, 2008. Heliocentris Fuel Cells AG, a leading fuel cell system integrator, today presents three new industrial fuel cell systems at the Hanover trade show. The three new systems designed for OEM customers target different power classes and cooling systems. In the campaign Heliocentris demonstrates its extensive expertise as a system integrator. Heliocentris' new fuel cell systems integrate fuel cells from strategic partners Ballard Power Systems (Canada) and Schunk Group (Germany).

The entire fuel cell system beyond the fuel cell itself is based on Heliocentris' in house development. The objective of Heliocentris has been to design open systems for use in a broad range of industrial settings with a focus on size and technical requirements. By launching these new systems Heliocentris further strengthens its technological reputation and expands its positioning within the fuel cell value chain. At the same time the company is further building its lead position as a system integrator in the international fuel cell markets.

At the Hanover trade show Heliocentris will present two of these fuel cell systems equipped with Ballard's air-cooled fuel cells as examples of industrial applications. One system supplies back-up electricity with a performance of 350 W and is applied as an extension to an existing photovoltaic emergency power-supply. This system can be viewed at the SMA Technologie AG booth. The second system, displayed at Heliocentris' booth, is a 1200 W fuel cell system applied to a complete and self-sustaining power generation unit including hydrogen generation (electrolyser) and storage. The installation presented by Heliocentris is an example of a standalone grid-independent energy system.

In addition to these air-cooled systems, Heliocentris is presenting a water-cooled system platform using Schunk fuel cells. This compact system allows the use of heat loss, for example, for heating purposes, therefore increasing total efficiency of the system.

Dr Henrik Colell, CEO of Heliocentris Fuel Cells AG, comments: "This campaign strengthens Heliocentris' position as a leading system integrator for fuel cells and hydrogen applications. With these flexible fuel cell systems we can now easily adapt to our customer specific needs and requirements. The new systems allow us to now serve the demands of the market for industrial applications with its multitude of opportunities. "

Heliocentris has also developed a new logo and consistent corporate design. A completely redesigned portal is available at www.heliocentris.com.

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

E-mail: investorrelations(at)heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters which transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.

Berlin, Germany - April 18, 2008. Heliocentris Fuel Cells AG, a leading system integrator for fuel cells, and Ballard Power Systems, a leader in the development, manufacture and sale of hydrogen fuel cells, signed a sales agreement today regarding Ballard's Mark1020 ACS(TM) fuel cell product. This extends the successful cooperation between the companies, which has been ongoing since 2004 and strengthens Heliocentris' positioning as system integrator for fuel cells.

Within the framework of the agreement, which is valid until the end of 2010, Heliocentris commits to the purchase of at least 350 Mark1020 ACS(TM) fuel cell units. These will be integrated into fuel cell systems, which means increased added value by Heliocentris and expansion of the technological positioning of Heliocentris as system integrator for fuel cells. On the basis of the Mark1020 ACS(TM), Heliocentris will offer two system platforms with different power levels. At the Hanover Fair (21 to 25 April 2008), Heliocentris will showcase its first system prototypes. These systems are scheduled to be available for delivery as of the fourth quarter of 2008. In addition to universities and research institutes, the target group also includes industrial companies, especially for uses such as autonomous power supplies and battery chargers.

The cooperation between Heliocentris and Ballard has been based up to now primarily on the Nexa® power module, sold by Heliocentris in the hundreds of units, integrated into numerous applications.

Dr. Henrik Colell, CEO of Heliocentris Fuel Cells AG commented, "We are pleased about the expansion of the successful cooperation with Ballard Power Systems and consider the integration of Mark1020 ACS(TM) fuel cell products an optimal expansion of our system platform strategy. As a result, we can meet customer requirements for system integration even better. "

William Foulds, Vice President of Sales at Ballard added, "Heliocentris' competence and experience in system integration, combined with its unique worldwide positioning in the post-secondary education market, will support us in terms of our presence in new, interesting fuel cell markets and in achieving a high degree of awareness amongst top-class researchers and engineers."

Please contact us for further information:

Heliocentris Fuel Cells AG

Dr András Gosztonyi (CFO)

Tel.: +49-(0)30-6392-6185

investorrelations(at)heliocentris.com

About Heliocentris Fuel Cells AG

Heliocentris is a leading provider and system integrator of fuel cells. Educational institutions, universities, research facilities and companies in over 50 countries are among its more than 10,000 clients. These customers already use over 50 items from among Heliocentris' eight product lines today. Worldwide, Heliocentris ranks as one of the market leaders in the field of educational and R&D systems for fuel cells. The width of the offering ranges from educational systems for instruction and studies to integrated laboratory equipment for research and development as well as industrial applications tailored to the client. Fuel cells are considered to be a key technology for the supply of energy by means of renewable energy sources. Fuel cells are environmentally friendly electrochemical energy converters which transform chemical energy directly into electricity and heat with a high level of efficiency. As a pioneer in its field, Heliocentris possesses a wealth of long-time experience in the development, production and marketing of this significant technology of the future. The company is headquartered in Berlin, Germany. A subsidiary in Vancouver, Canada, serves the American market.  

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Fuel Cells AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments.

The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.