ClearEdge Power Completes Acquisition of UTC Power

              ClearEdge Power Completes Acquisition of UTC Power

PR Newswire

HILLSBORO, Ore., Feb. 12, 2013

HILLSBORO, Ore., Feb. 12, 2013 /PRNewswire/ --ClearEdge Power, a manufacturer
of scalable, distributed power systems, has closed on its acquisition of UTC
Power, marking a major milestone for the company and strengthening its
position in the commercial fuel cell industry. UTC Power, formerly a
subsidiary of United Technologies Corp., has long been considered a leader in
fuel cell systems with decades of experience.

"We are excited about the strategic combination of ClearEdge Power and UTC
Power and the capability it provides us to address the demand for clean,
continuous, distributed power solutions," said David B. Wright, ClearEdge
Power President and CEO. "This acquisition establishes our position as the
most experienced innovator in the industry, having the broadest technology
portfolio and an agile, passionate, visionary team that delivers dependable
customer solutions."

The infusion of talent and complementary products resulting from the UTC Power
acquisition significantly advance ClearEdge Power's leadership at a time when
the fuel cell industry is poised for growth.

"I am excited about joining ClearEdge Power. The integration of our teams will
build upon our rich history and talented workforce and best positions us to
meet growing market demand," said Joe Triompo, ClearEdge Power Chief Operating

"As we merge and grow our business, we remain committed to providing excellent
products and service to both companies' customers," Wright said. "We are
already providing unique solutions for our customers' energy needs, and now
expect to capture new markets with our enhanced products."

About ClearEdge Power
ClearEdge Power provides clean, dependable power systems that scale from 5kW
to multiple megawatts. As the most experienced fuel cell producer, ClearEdge
Power is transforming power generation with innovative solutions that help
customers reduce electricity bills, improve energy efficiency and reduce
carbon emissions. For more information, please visit

Contact: Jennifer Sager
Office: 860-727-2485 / Cell: 860-305-7297

SOURCE ClearEdge Power

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