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MTI Micro & NeoSolar Sign Agreement To Co-Develop Fuell Cell Powered Portable Digital Devices

July 15, 2008 by Jeff Shepard

MTI MicroFuel Cells Inc. (MTI Micro) and NeoSolar, a Korean manufacturer of portable digital devices and energy products, announced that they have entered into an agreement for the development of Mobion® fuel cell technology for use in future models of NeoSolar portable digital devices including ultra mobile portable computers (UMPCs.)

Both MTI Micro and NeoSolar will work together to develop, test, and evaluate Mobion prototypes for their integration with a number of NeoSolar products that could lead to the use of external Mobion power sources like chargers, snap-on attachments, and embedded Mobion® power sources for integration into various digital products.

"At NeoSolar, we want to incorporate the best technologies available into our products, and provide our customers with the most advanced features and cutting-edge functionality," said Dr. James Y. Yu, President of NeoSolar. "This co-development agreement with MTI Micro will give us the opportunity to provide fuel cell technology with incredible benefits that may allow us to bring a new class of digital products to consumers."

NeoSolar’s UMPCs, branded as "Wibrain" are said to be much smaller than traditional portable notebook computers with enough processor strength to support a full operating system, as well as complete browsing, communication, video and gaming capabilities in a compact package.

"Working with NeoSolar gives us access to a new segment of the consumer electronics market – UMPCs," said Peng Lim, Chairman and CEO of MTI. "NeoSolar’s UMPCs are well suited for a new power source that can take them to the next step in their product evolution. Today’s announcement is also an important step for MTI Micro toward our goal of becoming a leading provider of portable power for handheld electronic devices."