Press releases

ISE Team Selected By BC Transit For 20 Hydrogen Hybrid Fuel Cell Powered Buses For British Columbia

SAN DIEGO, CA, August 3, 2007 — A team of New Flyer Industries, ISE Corporation and Ballard Power Systems Inc. has been selected by BC Transit to supply 20 hydrogen hybrid fuel cell buses. These advanced buses and their support infrastructure will be put in regular revenue service in Whistler, British Columbia. BC Transit operates 700 buses as the provincial agency charged with public transportation services in British Columbia.

With assistance from the Province of British Columbia and the Government of Canada, BC Transit will acquire and put in operation the 20 fuel cell buses and the hydrogen infrastructure to support them. "Our goal is to see the world's first fleet of fuel cell buses on B.C. roads by the end of 2009 to showcase B.C.'s commitment to reducing greenhouse gas emissions and to take advantage of the potential of hydrogen. The purchase of these fuel cell buses and hydrogen fuel reinforces B.C.'s commitment to reducing greenhouse gas emissions," said Kevin Mahoney, Chair of BC Transit.

"We are pleased to have been selected by BC Transit as the prime contractor for the fuel cell mass transit initiative," said John Marinucci, President and CEO of New Flyer. "We applaud BC Transit on its vision to commercially deploy this environmental initiative which preserves non-renewable energy sources, substantially reduces our environmental footprint and improves our quality of life."

"ISE is a leader in providing hybrid propulsion solutions for transit buses and other heavy-duty vehicles. Our relationship with BC Transit, New Flyer and Ballard further demonstrates ISE's commitment to clean transportation. We're proud to be a part of this exceptional team," said David Mazaika, ISE's President and CEO. Under the contract, ISE will supply the ThunderVolt® hybrid fuel cell drive systems with Siemens electric drive components, Ballard 150 kW fuel cell, and ISE proprietary hybrid technology and controls.

About ISE Corporation:
ISE Corporation, based in San Diego, is a leading supplier of hybrid drive systems and components for heavy-duty vehicles such as buses, trucks, trams, airport equipment, and military vehicles. ISE is a world leader in electric, hybrid-electric, and fuel cell technologies, and the only authorized distributor of Siemens ELFA® electric and hybrid-electric drive components for the U.S. transit bus market. www.isecorp.com

Contact:
Gary Willms
Vice President of Business Development, ISE Corporation
gwillms@isecorp.com

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Safe Harbor statement: Certain statements contained in this press release are forward-looking in nature. ISE's business and operations are subject to a variety of risks, uncertainties and other factors. Consequently, actual results may materially differ from those projected and/or stated by any forward-looking statements. ISE Corporation makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.

ThunderVolt® is a trademark of ISE Corporation. Other brand or product names are trademarks of their respective holders.

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