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Protonex Appoints New Vice President of Operations to Executive Team

Monday, May 18, 2009

SOUTHBOROUGH, MA — Protonex Technology Corporation (LSE: AIM: PTX and PTXU), a leading provider of advanced fuel cell power systems for portable, remote and mobile applications, today announced that David A. Ierardi has joined the Company's executive team as Vice President of Operations.

Mr. Ierardi has over 25 years of global operations and manufacturing experience with specific capabilities in new product introduction, logistics, supply chain management, quality, cost reduction, and contract manufacturing selection and management. Mr. Ierardi replaces Protonex' prior VP of Manufacturing, Ronald Rezac.

"Dave will be instrumental in establishing and scaling the Company's manufacturing efforts," said Scott Pearson, President and CEO of Protonex. "We look forward to his expertise and leadership as we introduce new products, engage new markets and grow the business."

Prior to joining Protonex, Mr. Ierardi has held senior level positions at RSA-the security division of EMC, Telco Systems, Integral Access and Lucent Technologies and has set-up manufacturing operations in multiple locations in the United States, Europe and Asia. Mr. Ierardi holds a Masters degree in Computer Integrated Manufacturing from Brigham Young University and a B.S. in Mechanical Engineering from the University of Lowell."

About Protonex Technology Corporation
Protonex Technology Corporation develops and manufactures compact, lightweight and high- performance fuel cell systems for portable power applications in the 100 to 1000-watt range. The Company's fuel cell systems are designed to meet the needs of military and original equipment manufacturer (OEM) customers for off-grid applications underserved by existing technologies by providing customizable, stand-alone portable power solutions and systems that may be hybridized with existing power technologies. The Company is based in Southborough, Massachusetts.

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