Company Profile

Protonex Technology Corporation
Profile last edited on: 2/22/2022      CAGE: 3B0F7      UEI: ----------

Business Identifier: Advanced fuel cell power solutions for portable, remote/mobile applications: 100 to 1,000-watt range.
Year Founded
First Award
Latest Award
Program Status
Inactive (Acquired)
Popularity Index
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Location Information

153 Northboro Road
Southborough, MA 01772
   (508) 490-9960
Location: Multiple
Congr. District: 02
County: Worcester

Public Profile

In June 2015, definitive agreement was signed by Ballard Power (NASDAQ: BLDP) t to acquire Protonex Technology Corporation a small firm developing and manufacturing intelligent power management and portable fuel cell products for military and commercial markets. This acqusition came two years after investment in the firm by In-Q-Tel - the federal investment entity. Protonex fuel cells are like small lightweight generators, but unlike an internal combustion engine, they are easy to carry, quiet, and don’t produce noxious fumes. The company’s power managers are fully automatic, universal converters/chargers that take whatever energy users have, and make the power they need. Organized around advanced power management products and portable fuel cell solutions, the firm engages primarily around applications requiring approximately one kilowatt of power providing advanced fuel cell power solutions for portable, remote, and mobile applications in the 100 to 1,000-watt range. The company offers propane fueled SOFC system for power needs in a range of recreation applications, such as recreation vehicle power, marine power, remote cabins, and portable power, as well as for commercial applications, including backup power, potable signage, renewable systems, emergency systems, remote power, first responders, surveillance/security, and truck idling. It also provides portable power solutions for a range of defense applications, such as field battery chargers, auxiliary power units for silent watch, unmanned aerial vehicles, low signature remote field power, laser designators, portable robots, night vision equipment, digital communication systems, and intelligence gathering sensors. In addition, the company develops a series of reformers and desulfurisers to process methanol, propane, gasoline, diesel, and other conventional fuels into hydrogen-rich streams that can be used by fuel cell systems to electrochemically generate power. Further, it assembles and sells prototype products. The firm was one of a handful of SBIR involved to have taken their firm public on the London Exchange. The original offering was effected in July 2006 and ended with the voluntary delisting in June 2010 to take the firm private.

Extent of SBIR involvement

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Synopsis: Awardee Business Condition

Employee Range
Revenue Range
VC funded?
Publicly Traded
Stock Info
LSE - Lond : PTX.L
IP Holdings

Awards Distribution by Agency

Most Recent SBIR Projects

Year Phase Agency Total Amount
2006 1 Army $69,981
Project Title: A Compact Borazane Hydrogen Generator for a Soldier Fuel Cell Power System
2006 2 AF $1,649,007
Project Title: Fuel Cell Power Sources for Small Unmanned Aerial Vehicles
2005 1 SOCOM $99,809
Project Title: Fuel Cell Quiet Auxiliary Power Unit for Special Ops
2005 1 Army $69,972
Project Title: Compact 20 Watt Alkaline Electrolyte DMFC System
2004 2 OSD $1,326,565
Project Title: Small Scale Fuel Cells for Ground Personnel

Key People / Management

  Paul Osenar -- Founder, President and CEO

  Scott A Pearson -- Chief Executive Officer

  Greg Cipriano -- Vice President, Marketing & Military Development

  Daniel R Davis -- CFO & VP, Business Development

  David Edlund -- Vice President, Reformer Development

  Mohammad Enayetullah -- Chief Executive Officer

  Philip T Robinson -- Vice President, Engineering and Manufacturing

  Paul Sabin -- Director, Product Development