CMF Cmr Fuel

    Embargoed Release: 07:00hrs Monday 6th February 2006

                              CMR Fuel Cells plc                               

                           (`CMR' or the `Company')                            

                      Collaborative Development Programme                      

Collaborative Development Project

The Board of CMR Fuel Cells plc is pleased to announce that the company has
entered into a non-exclusive collaboration with the Russian based research
consortium ASPECT.

As part of the agreement CMR will provide Membrane Electrode Assembly (`MEA')
specifications relating to its unique mixed reactant flow-through fuel cell
architecture. The programme, which will be partly funded by the Russian
Government, will focus on applying ASPECT's expertise in the fabrication of
multi-layered porous membranes to the production of solid state porous MEAs for
CMR's patented architecture.

As well as the development of an optimised porous MEA, APSECT will also be
looking to apply their experience in roll-to-roll production techniques for
cost efficient mass production of CMR fuel cell MEAs. The agreement does not
change CMR's internal MEA development plans, and adds diversity to the eventual
product sourcing options available to CMR. Under the agreement CMR will retain
all rights over its patent portfolio.

Vadim Tarassov, Marketing Director, ASPECT, commented:

"Having closely examined CMR's revolutionary approach to fuel cell architecture
we are delighted to have entered into this collaborative project. It is our
belief that the CMR proposition will play a key role in bringing about the
commercial viability of a mass market fuel cell and it is our ambition to be a
key component supplier into that market.

Overall this collaborative project has two key advantages. On the one hand we
are able to contribute to the acceleration of the commercialisation of CMR's
mixed reactant flow-through technology and on the other hand we are able to
position ourselves as a potential mass volume supplier of component pieces to
the CMR product."

                                    -Ends-                                     

Further Information

John Halfpenny            CMR Fuel Cells plc        01223 875 544            
                                                                             
CEO                                                                          
                                                                             
Andrew Tan                Hansard Communications    020 7245 1100            
                          Ltd                                                
                                                                             
Account Director                                                             

About CMR Fuel Cells plc:

CMR Fuel Cells plc is a UK developer of fuel cell stacks for portable and small
stationary power generation applications. The company plans to become a leading
supplier of fuel cell products, based on its simple but revolutionary patented
stack architecture which delivers longer run-time and lower costs than
conventional fuel cell stacks.

In 2005 CMR were:

  * Winners of the 2005 Carbon Trust Overall Innovator of the year award
   
  * Winners of the 2005 Carbon Trust Individual and Small Businesses award
   
  * Selected as a Red Herring Top 100 Europe company - (previous Red Herring
    winners include Google and eBay)
   
  * Selected by Harvard Business School as one of 25 companies 'most likely to
    change our world by 2010'
   
  * Selected by the World Economic Forum as a Technology Pioneer for 2006
   


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