MTI Micro - Company: Partners

government funding

progress timeline

Partners

MTI Micro has and will continue to develop relationships and partnerships with key players in industry in an effort to fully leverage target market opportunities. To date, the Company benefits from arrangements with the following global companies and organizations:

Samsung Electronics Co., Ltd

Continuing collaboration
MTI Micro will prepare Mobion^® MFC products for mobile phone applications leading to commercialization in 2009. MTI Micro will continue to refine the Mobion^® baseline product design up until its projected December 2008 design freeze. MTI Micro will also share development updates with Samsung and loan them prototypes for evaluation. Samsung may also request changes to product specifications until December of 2008 and may purchase commercial DMFC samples as soon as they are available.

The Methanol Institute:

Non-profit education and scientific organization dedicated to the use of methanol as a clean energy source
Works with MTI Micro to develop codes and standards and address regulatory issues

DuPont:

Joint development agreement to optimize membrane electrode assemblies (MEA) for MTI Micro cell applications
Preferred supply agreement
Non-exclusive
Minority interest in MTI Micro

Gillette / Duracell:

Gillette/Duracell develops, manufactures, and distributes fuel refills through retail outlets and MTI Micro develops fuel cell
Marketing development
Royalties for cartridges sold by Gillette
Minority interest in MTI Micro

Flextronics:

Contract Manufacturing Agreement for MTI Micro’s DMFC products

A Note About Forward Looking Statements and Other Legal Matters

Forward-looking Statements: The statements contained on this website which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's beliefs, expectations, hopes or intentions regarding the future. Forward-looking statements on this website also include statements regarding MTI Micro's projections of development, schedule, launch date, performance and market penetration rates, comparisons of Mobion® DMFC performance and features to those of batteries and other competitors, MTI Micro's plans and progress for prototype and product performance and features, and any financial forecasts or market growth predictions. The Company assumes no obligation to update any forward-looking statement. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as for example: the Company's need for additional financing, MTI Micro's ability to successfully develop direct methanol micro fuel cells (DMFCs), competition from other products and companies, market and risks related to the Fletcher private placement, and OEM acceptance of DMFCs and the company's other products, early termination of MTI Micro's relationship with The Gillette Company, regulatory risks related to carrying methanol in the passenger compartment of airplanes, and the Company's ability to successfully introduce new products and maintain a technical advantage over its competitors. Readers should also refer to the risk disclosures outlined in the Company's filings with the Securities and Exchange Commissions on Forms 10-K and 10-Q.

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