Masterflex AG receives first order for fuel cell bicycles

Gelsenkirchen, 24 November 2005. The SDAX listed Masterflex AG
(ISIN DE0005492938), technology leader in the processing of specialist
polymers, is supplying the world's first fleet of bicycles with fuel cell
propulsion systems to the city of Herten in North Rhine-Westphalia. Thus,
the prototype for the fuel cell bicycle, which was first unveiled to the public
in 2004, has been developed to production standard in less than a year.

Among other things, the fuel cell bicycles will be incorporated into the
overall tourism concept of the district of Recklinghausen and Ruhr-
Touristik GmbH. Day trips for tourists in Germany's famous Ruhr area
should be on offer in time for the 2006 World Cup.

The hydrogen supply and servicing are guaranteed as fleets of ten
bicycles and upwards will first be delivered to municipal and commercial
providers. A solution has been developed in cooperation with a
manufacturer of hydrogen storage systems that provides users with a safe
and simple supply of hydrogen.

Parties interested in acquiring bicycle fleets, both municipal and
commercial, should not hesitate to contact Stefan Schulte at Masterflex
Brennstoffzellentechnik, Konrad-Adenauer-Str. 9-13, D-45699 Herten, Tel.
+49 (0) 02366 305 191, schulte@masterflex-bz.de.

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