For immediate release

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Commercialization Agreement Signed for Moderate-Temperature Solid Oxide Fuel Cell and related technologies between CeramPhysics, Inc. and the Material Development Technology Company, LLC.

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Contact: J. R. Gaines, Jr.

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COLUMBUS, Ohio - 6 November 2003, Materials Technology Development Co., LLC (MTDC) today announced that it has entered into an exclusive agreement with CeramPhysics, Inc. (CPI) to initiate commercialization of CPI technologies in the area of moderate temperature Solid Oxide Fuel Cells, Energy Storage, Pulsed Power, NOx sensing, and six other demonstrated and patented innovations.?

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Technologies developed by CPI include innovations in advanced ceramics, energy conversion, multi-layer capacitors, cryogenics, sensors, combustion control, oxygen generation, nitrogen gas purification, solid state refrigeration and dielectric insulation.?揟his family of technologies represents 22 years of progressive ingenuity by the scientists at CeramPhysics, Inc.?said MTDC Managing Director J. R. Gaines, Jr., 揟hey are a perfect fit with the advanced ceramics and energy technology focus of MTDC and we have initiated an aggressive search for manufacturing partners for products that are in step with the international demand for increased power quality, power generation, emission control and energy efficiency. Prospective partners throughout the food chain in our target industries will be encouraged to form teams to bring the CPI innovations to market?

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CeramPhysics?inventors Dr. W. N. Lawless and C. F. Clark have developed an extensive portfolio of patented advanced ceramic and energy related technologies in their more than two decades at their Westerville, Ohio facility.?揥e are thrilled to have MTDC focused on the commercialization of these demonstrated and patented technologies,?said CPI president and CEO Dr. W. N. Lawless, 揥e feel that global pressures on the environment coupled with increased demand for quality power and energy storage will help attract partners to our NOx reduction, fuel cell and capacitive energy storage technologies, among others??

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The Materials Technology Development Company, LLC, was formed to nucleate markets around advanced technologies for which the status of the invention, and pull from the market place, make commercialization imminent.?MTDC, centrally located near Columbus, Ohio, utilizes a team of experts in the areas of capital access, business development, solid oxide fuel cells, oxygen generation, nitrogen purification, filtration, advanced ceramics, energy, nanotechnologies and superconductivity to speed the commercialization of emerging technologies by facilitating focused, energetic, collaborations between inventors, manufacturers and end users.?These collaborations, primarily in the materials technology area, will provide platform technologies for future energy and environment industries.?

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CeramPhysics, Inc., formed in 1981, has developed innovative components and systems based on advanced ceramics and polymers.?Company scientists Dr. W. N.?Lawless and C. F. Clark have pioneered a portfolio of developed and patented inventions that provide cost and performance solutions to critical issues in energy, environment, and medical applications. These technologies, supported over more than two decades of development by organizations such as the Department of Defense, Department of Energy, the State of Ohio, and industrial partners such as American Electric Power, have been demonstrated in various industrial and laboratory settings. CPI partners with component manufacturers during the development process to dramatically shorten time-to-market and reduce the business and technical risk. The goal of CeramPhysics is to provide innovative R&D that solves real world problems and commercialize those inventions through licensing and other business arrangements.?

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For more information on these technologies visit www.j2rock.com and contact J. R. Gaines, Jr., Managing Director, MTDC, 614.446.2202, jrgaines@mtdc.com .

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