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FOR IMMEDIATE RELEASEContact: Linda Smotkin, NuVant Systems Inc., (857) 233-2418; Jeanine Phipps, media relations, Purdue Research Park, (765) 494-0748 (office), (765) 413-5579 (mobile), jeanine@purdue.edu
February 6, 2007
NuVant Systems awarded contract extension for methanol-based fuel cell research
MERRILLVILLE, Ind., and BOSTON, Mass., February 6, 2007 — NuVant Systems Inc. officials announced today that the company has been awarded an extension on a government research contract aimed at developing ways to extend the lifetime of portable-power fuel cells.
The Merrillville, Ind.-based technology company, which develops and licenses advanced fuel-cell components and component evaluation instrumentation, instituted its Direct Methanol Fuel Cell Lifetime Improvement Program in October of 2006 as part of a $1.74 million contract from the U.S. Department of Defense. The agency's amendment to the contract to $2.61 million will fund NuVant Systems' continuing research and development of direct methanol fuel cells, which company founder Eugene Smotkin considers the leading candidates for portable-power fuel cells.
"For portable fuel cells, one of the advantages of liquid methanol fuel over compressed hydrogen fuel is that liquid methanol has a much higher energy density and is easier to handle," said Smotkin, Ph.D., who also serves as NuVant Systems' science advisory board chairman.
NuVant Systems also develops fully automated instrumentation for the high-throughput evaluation of fuel cell components. NuVant Systems is extending the field of use for the patented high-throughput array technology to batteries, sensors and other types of electrochemical reactors.
"As part of this contract extension, we will hold workshops to introduce companies and individuals to fuel cell technology. These workshops will provide instant, hands-on expertise with regard to the fabrication and testing of fuel cell electrodes," Smotkin said.In 2005, NuVant Systems became a charter member of the Purdue Technology Center of Northwest Indiana in Merrillville, Ind., which is a business acceleration and incubation facility modeled after Purdue Research Park (http://www.purdueresearchpark.com) and owned/managed by Purdue Research Foundation. The center's Midwest location provides NuVant Systems with convenient access to the company's collaborative research activities in South Bend, Ind.
About NuVant Systems
NuVant Systems Inc. (http://nuvant.com) develops and licenses advanced fuel-cell components and component evaluation instrumentation. The company licenses its technology to fuel-cell developers (including university researchers) and manufacturers, and performs contract research in the areas of catalyst discovery and fuel-cell system prototyping. NuVant Systems was founded in 1999 by Eugene Smotkin, Ph.D., who is a Professor of Chemistry at Northeastern University and a Research Professor of Chemical and Biomolecular Engineering at the University of Notre Dame. Smotkin holds seven issued patents (three additional patents pending) and has authored more than 50 peer-reviewed publications. The company operates from offices in both Merrillville, Ind., and Boston, Mass.
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
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