Bing Energy, Inc. Announces Grant to Develop Clean Energy Solutions

Chino, Cal.- Bing Energy, Inc., a manufacturer of state-of-the-art components for polymer electrolyte membrane fuel cells (PEMFCs), working in a partnership with Florida State University (FSU), has been subcontracted by the University of Central Florida (UCF) to develop a low-cost and high-efficiency 500 W portable PEMFC system.

Once developed, products will be brought to market for portable and stationary power generation. Applications will range from temporary emergency power backup for commercial and residential uses, particularly useful in hurricane-prone areas like Florida, to peak leveling and industrial power generation.

Bing Energy, Inc.’s two-year subcontract stems from a grant UCF recently received from the Department of Energy to assist in the Hydrogen, Fuel Cells & Technologies Program – Multi-year Research, Development and Demonstration Plan. Under the contract, Bing Energy, Inc. is responsible for developing high-performance 4cm x 4cm membrane electrode assemblies (MEAs) and a 500W stack prototype using the advantages of the buckypaper -based solution.

“Bing Energy is excited to partner with FSU and UCF for this important project,” said Richard Hennek, vice president for business development at Bing Energy, Inc. “The products we will develop will lead to a long-term power generation strategy that is less reliant on a few large power generation plants and the aging grid. The benefit will be clean and affordable energy where and when it is needed.”

Earlier this week, Bing Energy, Inc. announced its commercialization agreement with Florida State University that gives the company exclusive use of revolutionary technology that will create a new generation of hydrogen fuel cells that are less expensive, smaller, lighter and more durable.

About Bing Energy, Inc:

Bing Energy, Inc., a manufacturer of state-of-the-art components for polymer electrolyte membrane fuel cells, will begin production in March of 2011 and serve the domestic and international energy markets.

Media Contact: Janelle Pepe, 850-222-1996

For BEI: Richard Hennek, richh@bingenergyinc.com