Malvern, PA - May 25, 2006 - Franklin Fuel Cells, Inc., an early stage company that is commercializing a unique, patented solid oxide fuel cell technology, today announced that Bernie Wojcik has joined the company as director of finance and corporate controller, reporting to the CEO. In this capacity, Wojcik will oversee all accounting, financial reporting and controls, planning and analysis, tax, treasury, and investor relations for the company.
A 15-year veteran of public accounting and high-tech companies, Wojcik most recently served as vice president and corporate controller of Axeda Systems Inc. (nka ITA Holdings, Inc.), a NASDAQ-traded enterprise software and services company. At Axeda, Wojcik’s responsibilities included broad finance, accounting and operational functions, including financing, SEC and financial reporting, international operations, and mergers and acquisitions, among other duties. Prior to Axeda, Wojcik was a supervising senior in the high-tech assurance services unit of KPMG LLP, gaining valuable IPO and technology company experience. “We are excited to have Bernie as a member of our team. His financial experience will help prepare us for our next phase of growth and commercialization,” said John Law, CEO of Franklin.
Wojcik earned his bachelor’s of science degree in accounting from Kutztown University, and is a licensed certified public accountant. He is also a member of the American and Pennsylvania Institutes of CPA’s, the Institute of Management Accountants and Financial Executives International.
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About Franklin Fuel Cells, Inc.
Franklin Fuel Cells is a venture-backed solid oxide fuel cell (“SOFC”) technology company located in Malvern, PA, about 30 miles from downtown Philadelphia, PA, that has been developing a unique solid oxide fuel cell technology that can generate electricity directly from hydrocarbon fuels such as diesel or gasoline at significantly higher energy efficiencies than possible for generators based on internal combustion engines. Its intellectual property portfolio consists of 8 U.S. patents, 30 U.S. patent applications, and 18 invention disclosures. For more details on the company and its proprietary SOFC technology, please visit the Franklin Fuel Cells website at http://www.franklinfuelcells.com, or contact Ms. Kara Newhard at Franklin Fuel Cells, Inc., 83 Great Valley Parkway, Malvern, PA 19355, or by calling (610) 640-7545. <END>