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Astris Energi Inks Revenue Generating Italian Cooperation Deal - Looks To E.U. Marketing Strategy

October 19, 2004

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Astris Energi Inc. (OTC BB: ASRNF), www.astris.ca , announced today that it has signed a Cooperation Agreement with Italy's Electronic Machining s.r.l. (El.Ma.).

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 19, 2004 -- Astris Energi Inks Revenue Generating Italian Cooperation Deal - Looks To E.U. Marketing Strategy
Astris Energi Inc. (OTC BB: ASRNF), www.astris.ca ,the world's leading alkaline fuel cell (AFC) technology company, announced today that it has signed a Cooperation Agreement with Italy's Electronic Machining s.r.l. (El.Ma.).

El.Ma. is a privately held company with offices and technical development facilities in Rovereto, Trento, Italy. El.Ma. has particular interest in the development of alkaline fuel cells for stationary and distributed generation of electrical power. Their fuel cell and hydrogen usage R&D is funded by the Provincia Autonoma di Trento, which is committed to the development of these technologies with an eye to early market opportunities.
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