April, 8th, 2005

FuelCon receives the Otto Award from Stadtwerke Magdeburg GmbH
Today FuelCon received the prestigious Otto award for outstanding business performance. The award was presented to FuelCon’s CEO, Mathias Bode, by the board of directors’ representative, Helmut Herdt, of the Stadtwerke Magdeburg GmbH (SWM), a utility company. This award recognizes FuelCon’s growth and performance as a global leader in the supply of test systems to the fuel cell industry.

FuelCon was selected for the award over 27 other companies who were considered. The presentation of the award was made in the presence of the lord mayor of the district capital Magdeburg, Dr.Lutz Trümper. The award honours unique and innovative business models which contributed to exceptional business performance and growth. The name of the award is a dedication to Otto von Guericke (1602-1686), the famous scientist, inventor and mayor of the city of Magdeburg.

“This award is the result of the combined effort from all of our staff members” Mathias Bode said during the awarding ceremony. “We are fortunate at FuelCon to have employees with the inventive talent, and the courage and conviction to fulfil their responsibilities exceptionally well. We appreciate that the selection committee honoured our company with this award in recognition for our success in the worldwide marketing of our systems as well as our development as an innovative service provider in one of the most exciting technology fields. The fuel cell will be a critical part of our future energy supply and we are proud to serve the world as one of the leading R&D teams with our technology".