Astris Energi Sets First U.S. Showing of Its Fuel Cell-Powered Golf Car

    MISSISSAUGA, Ontario--May 29, 2001--Minnesota's Governor Jesse Ventura, other state and federal government officials, along with advocates of clean transportation and alternative fuels, will witness this Thursday the first U.S. demonstration of the world's only fuel cell-powered golf car, which can also drive a wide range of small vehicles.
    Developed by alkaline fuel cell pioneer, Astris Energi, Inc.,(OTC:ASRF) the vehicle's "engine" produces electric power by combining hydrogen gas and oxygen from the air. It is noiseless, odorless and emits no pollutants. "The only by-product of the fuel cell's operation is pure water -- pure enough to drink," said Jiri K. Nor, president of Astris Energi.
    This new power source for small vehicles can replace electric vehicles, eliminating their costly and time-consuming battery recharging, or gasoline engines with their costly fuel, noise and polluting fumes, Nor explained. The system's hydrogen gas fuel is contained in a small canister behind the seat of the golf car and is sufficient to run the car for three days of normal use, according to Nor. The canister can be refilled in thirty seconds for pennies, he said.
    Thursday's demonstration will be held on the Capital grounds in St. Paul, where several Minnesota companies, supplying products for the growing fuel cell industry will also display their wares.
    The event is sponsored by the Minnesota Pollution Control Agency, the Department of Commerce's Energy Office, the Twin Cities Clean Cities Coalition and a private company, Fuel Cell Heat and POWER LLP.

    Note: Any statements contained in this release that are not statements of fact may be considered "forward-looking statements" as that term is defined under U.S. Federal security laws. Forward-looking statements are only predictions and may differ materially from actual events or results.