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4 April, 2006 - 10:42 By Staff Reporter

CMR Fuel Cells makes Chinese breakthrough

Cambridge’s CMR Fuel Cells has announced a major strategical breakthrough in its long-term plans for global commercial success following a decision by the Chinese authorities to award one of CMR’s core patents with ‘fully granted’ status.

Cambridge’s CMR Fuel Cells has announced a major strategical breakthrough in its long-term plans for global commercial success following a decision by the Chinese authorities to award one of CMR’s core patents with ‘fully granted’ status.

The Generics spin-out’s goal is to supply the portable electronics market with long running, low cost fuel cell stacks. China is not only a major international manufacturer of such products, it also has one of the most active fuel cell development programmes in the world.

The patent grant is a progression from the ‘cleared for grant’ status CMR stated in its admission document when the company listed on AIM and the news encouraged its share price to shoot up 5.59 per cent, taking it to a year-high 245.5 pence a share, up 13 pence.

John Halfpenny, CMR’s chief executive, said: "Having a core patent granted in China is a very powerful strengthening of our intellectual property position.

"China is a complex and challenging jurisdiction in which to operate and in which to gain intellectual property protection. Our success here gives me great confidence of further patent grants in other regions."

CMR is developing commercial relationships with a number of major electronics original equipment manufacturers (OEMs) in the Far East where consumers demand more power-draining features and functions from portable devices.

The belief is that by building an initial commercial presence in the region, backed by strong patent protection, CMR will be strongly positioned to enter into various application markets in the region as they emerge, representing a substantial commercial opportunity in the longer term.

Four factors from the patent award that will strengthen CMR’s commercial proposition:

1 CMR’s products can be manufactured and sold in China with less risk of intellectual property infringement and therefore maintain higher value;

2 Infringing products are less likely to be made in China, again protecting value

3 Strengthened negotiating position with indigenous and 3rd party OEMs who manufacture and develop in China

5 CMR’s intellectual property is secured early in a region where intense research and development is being carried out in the fuel cell field.

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