HyRadix Announces Additional Investment

DES PLAINES, Ill.--Oct. 1, 20035, 2003--HyRadix Inc. announced today that CDP Capital - Technology Ventures and Sud-Chemie Inc. have acquired UOP LLC's ownership position in HyRadix. As a result of the deal, the company is funded well into the sales phase for industrial on-site hydrogen generators.

"We are pleased with this show of support from Sud-Chemie and CDP Capital as we bring our products to market", said Robert Gray, HyRadix President and CEO. "Both companies believe in the future hydrogen economy and are committed to supporting HyRadix as one of their vehicles for participation." Gray noted that HyRadix will continue to seek additional investors to fund further growth. The company will continue to license key technology from UOP, from which it spun out in 2002.

HyRadix is currently commissioning its Adeo(TM) hydrogen generator for a DOE and AQMD funded hydrogen refueling station at the SunLine Transit Agency in Thousands Palms, California. The company anticipates selling its first industrial on-site hydrogen generation systems following this demonstration of its product. HyRadix also continues the development and commercialization program for the Agilon(TM) stationary fuel processor with demonstration programs in Japan and the U.S. In a DOE and PERC funded program, the Agilon fuel processor has been integrated with a fuel cell from Plug Power and is in demonstration at a Texas testing facility.

HyRadix, based in Des Plaines, Ill., is dedicated to the development and commercialization of hydrogen generation technology for fuel-cell, hydrogen-vehicle refueling, and industrial applications. Using an innovative combination of technology and equipment, HyRadix hydrogen generation technology produces hydrogen from natural gas or LPG. For more information, visit www.hyradix.com/

Sud Chemie Inc., based in Louisville KY, is a member of the Sud-Chemie Group. With some 60 production and sales companies throughout Europe, America, Africa and Asia, the Sud-Chemie Group is active in the sectors of adsorbents, additives, catalysts and environmental technology, has more than fifty years of experience in the field of hydrogen processing. For more information, visit www.sud-chemieinc.com/

CDP Capital - Technology Ventures, based in Montreal, is a member of CDP Capital. It invests in innovative companies with promising leading-edge technologies. It also develops partnerships with venture capital funds in Canada, the United States and Europe. For more information, visit www.cdpcapital.com/technologyventures/