Kodak, Medis Technologies Announce Fuel Cell Development Agreement May 28, 2004

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Medis Technologies Ltd. (New York, NY, U.S.) has contracted with Rochester, NY, U.S.-based Eastman Kodak Company's Global Manufacturing Services (GMS) operation for advancing the development of refueling cartridges and chemicals, including those for fuel and liquid electrolyte, to be used in its fuel cell products. The products are designed to power a variety of portable electronic devices.

"Our agreement with Kodak Global Manufacturing Services offers us the opportunity to work closely in our fuel cell program with a highly knowledgeable group respected for its professionalism and sophistication in the uses and production of chemicals," said Robert K. Lifton, chairman and CEO of Medis Technologies, in a press release. "We expect this relationship to make an important contribution in advancing the development of our refueling cartridge and of our proprietary chemical components which are such an essential element of our fuel cell products."

Mr. Lifton says his company also plans to use GMS's expertise in quality-control related matters and consumer product certification and testing.

Catherine Bonser, director, Global Manufacturing Services for Kodak, said in a written statement, "The development agreement with Medis Technologies will utilize Kodak's capabilities and expertise, particularly in material science, specialty chemicals and precision components. We are pleased to be working with Medis on their exciting product development in this high-potential market."

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