[QuantumSphere - Energetics and Power for Advanced Applications] January 2006

Nobel Laureate and World-Renowned Scientific Leader Dr. George Olah Joins QuantumSphere, Inc.

QuantumSphere, Inc. recently announced Professor George A. Olah, recipient of the 1994 Nobel Prize in Chemistry, has joined our Scientific Advisory Board. Dr. Olah is the Director of the University of Southern California’s Loker Hydrocarbon Research Institute and Distinguished Professor in Organic Chemistry. He joined QuantumSphere’s Scientific Board of Advisors based on the following criteria: market need, technological excellence and management leadership. “QuantumSphere combines unique, proprietary technology, management team excellence and an ability to execute that will squarely place them in a position to serve a global market opportunity,” said Prof. Olah.

Dr. Olah’s discoveries led to the development of a new kind of fuel cell, called the direct methanol fuel cell (DMFC), that is a highly efficient and convenient source of electricity. “We find that Dr. Olah’s pioneering fuel cell work is complimentary to what we’re doing at QuantumSphere and the way our company is reshaping the marketplace,” said Kevin Maloney, CEO, QuantumSphere, Inc. “Platinum was widely considered to be the best catalyst for proton exchange membrane fuel cells, such as hydrogen and direct methanol cell in terms of electrical efficiency. However, platinum is about 500% more expensive per gram than QuantumSphere’s solution. A shift from finely divided platinum to QSI-nano™ metals and alloys results in a reduction in the cost of fuel cell and battery catalysts. That said, Dr. Olah’s research to provide a highly efficient and convenient source of electricity, fits well with QuantumSphere’s business, as we continue to commercialize products that are invaluable for the production of high-power density fuel cells that will provide performance advantages in cell phones, cameras and other portable electronics.”

Read News Posting and Full History of Dr. Olah’s Credentials at Market Wire

This news announcement can also be seen at Nanotechnology Now