GreenCell Inc. Announces Milestone in Its UltraTemp(TM) Technology Development


PENN YAN, N.Y., Sept. 8, 2011 (GLOBE NEWSWIRE) -- GreenCell Inc. today announced the further milestone in the development of its UltraTemp-C technology. Through its Co-Owner, SenCer Inc., a program partially funded by the New York State Energy Research and Development Agency (NYSERDA) to develop a clean firing solution for silica sensitive products has been successful. A new form of High Temperature furnaces is now online for the manufacturing of igniters, fuel cells, and automotive sensors. This technology allows for a green, low cost manufacturing of the UltraTemp-C products of GreenCell. This will further the low, cost competitive nature of GreenCell's products and lead to higher manufacturing quality levels at a much lower cost. Silica contamination of critical fuel cell and sensor components will now be easily remedied. These High Temperature Systems will be available themselves for commercial sales.

About GreenCell, Incorporated

GreenCell is engaged in a joint venture with SenCer Inc. to develop, commercialize and market SenCer's UltraTempTM ceramic composite materials for Home and Transportation applications. GreenCell has identified multiple industries with significant commercial applications with potential revolutionary results. Some of the many applications for this technology are SOFC Fuel Cells, Igniters, Braking, Oxygen Sensors, and Ceramic Heaters.

The GreenCell, Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10010

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company's ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward looking statements. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



            

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