FST Energy Offers Hydrogen Energy Program To Combat Predicted Fossil Fuel Shortages And High Prices Coming This Summer

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FST Energy Offers Hydrogen Energy Program To Combat Predicted Fossil Fuel Shortages And High Prices Coming This Summer

Freedom Energy Program Enables Commercial Ventures To

Ramp Up Hydrogen Energy Quickly & Cost Effectively

CALIFORNIA, SAN FRANCISCO, Jan. 16 -/E-Wire/-- FST Inc. (www.fstenergy.com), a hydrogen storage, transport and distribution company, today announced a program to reduce the costs of adopting hydrogen energy for OEM Partners and business customers. The creation of the program is a response to the challenge by US and Foreign heads of state to create programs to avert any potential energy availability and cost crisis issues this summer resulting from the Venezuelan and potential Middle East disruptions. As part of the Freedom Energy Program, FST, will reduce all of its licensing fees by 25% and system integration service fees by 30% for all new customers and partners as of January 15 until August 31, 2003.

"The Freedom Energy Program, and others like it, are designed to promote widespread commercial use of hydrogen energy, which is low-cost in volume usage, widely available using FST's technology, and has the benefit of no environmental damage" said FST Inc., CTO, Scott Redmond

FST debuted its solid state hydrogen storage and delivery system technology in October 2002, designed to power cars, a broad range of industrial generators, remote and back-up power systems. FST announced recently that its unique, two part Decom system provides the safest, most cost-effective, distribution process for hydrogen without additional infrastructure via FST's proprietary Hydrogen Fuel Cassettes â¢, to power fuel cells or to replace gasoline in combustion engines.

About the FST Line of Hydrogen Energy Products

FST's solid state hydrogen storage system safely stores and releases more hydrogen at lower temperatures, in smaller housings, to deliver superior operating efficiencies than any currently announced solution. FST's technology eliminates hydrogen storage and infrastructure problems associated with pressure tanks, liquid hydrogen, slurries and other hydrogen energy solutions.

FST, Inc. is a start-up seeking seed funding and is committed to the development and commercialization of cost- effective, readily-transportable, safe and reliable energy technologies for the emerging New Energy industry. Through a flexible, scalable universal interface, FST's hydrogen energy products deliver commercial users compelling energy density metrics and eliminate EMF and emissions. http://www.fstenergy.com. [REDACTED-PHONE]. FST technologies are currently available to manufacturing licensees worldwide, and its Fuel Cassettes can be mailed and/or delivered via Fedex, UPS or any common carrier

Press Contact: David Lawrence, Information Associate,

Email: [REDACTED-EMAIL],

Investor Contact: Deborah Eudaley ,

Email: [REDACTED-EMAIL],

http://www.fstenergy.com

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