PolyFuel Inc. has been chosen as a 2005 Technology Pioneer by the World Economic Forum. Technology Pioneers are selected for developing and applying the most innovative and transformational technologies worldwide. This year's honorees are at the leading edge in fields such as nanotechnology, drug development, renewable energy and wireless technology, and have the potential to significantly impact business and society.
PolyFuel, which is a leader in engineered membranes for fuel cells, has pioneered technology that has the potential to change both the economics and the performance characteristics of fuel cells for portable devices and for automobiles. PolyFuel's technology, a sophisticated film of "plastic" that is the heart of the fuel cell — and dictates its performance — is a breakthrough. The membrane uses a new chemistry, based on hydrocarbons, instead of an older one based upon fluorocarbons — used in most commonly available membranes until now.
Polyfuel received other recognition this year as well. It received a grant from the US Department of Energy to work on a portable fuel cell application alongside Intel Corporation, and from Frost & Sullivan, which named the company's technology "Enabling Technology of the Year for 2004 for Power Supplies and Batteries."
To date, PolyFuel has launched new fuel cell membrane technology for portable device applications using methanol as the fuel, and hydrogen-based fuel cell technology for use in automobiles. The company, which has been able to develop its breakthroughs in less than two years, credits a unique and sophisticated membrane engineering process for the speed and quality of its new developments.
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