WATT Fuel Cell Completes Round of Financing, Welcomes Peoples Gas CEO to Board of Directors

Mount Pleasant, PA, August 21, 2018 — WATT Fuel Cell Corporation (“WATT” or the “Company”) is pleased to report the closing of additional growth capital. The investment will be used to expand manufacturing through the purchase of equipment, expansion of the manufacturing facility and hiring of additional engineering, production and administrative staff. This will allow WATT to fulfill its backlog and support new orders as sales efforts escalate over the next several months.