DuPont and Asia Pacific Fuel Cell Technologies Target Scooter Market in Joint Effort

WILMINGTON, Delaware, November 12, 2002 -- DuPont Fuel Cells and DuPont Taiwan, Ltd. announced they have signed definitive agreements with Asia Pacific Fuel Cell Technologies (APFCT) to commercialize proton exchange membrane (PEM) fuel cells for the Taiwan electric scooter market.

Terms of the agreement include APFCT's exclusive use of DuPont fuel cell components, including membrane electrode assemblies (MEAs) and conductive plates. Other terms were not disclosed.

"This agreement with APFCT reinforces the DuPont commitment to drive fuel cell technology toward early commercialization," said David L. Peet, global business director for DuPont Fuel Cells. "With a large scooter market in Taiwan and a strong interest by the government and business community in advancing alternative energy technologies, we believe this agreement has the focus and commitment behind it to be successful."

"Asia Pacific Fuel Cell Technology has spent the past several years refining its technology to be able to deliver a low-cost, market-driven product for commercial use," said Jefferson Yang, chairman of APFCT. "The high-quality products, market presence and brand recognition of DuPont will complement that offering to help drive commercialization in the scooter market -- a niche but significant market."

The companies say they anticipate the first commercialization of fuel cell powered scooters in Taiwan by 2005.

During 2002, DuPont celebrated its 200th year of scientific achievement and innovation providing products and services that improve the lives of people everywhere. Based in Wilmington, Del., DuPont delivers science-based solutions for markets that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation.