Boulder, CO -- (SBWIRE) -- 01/21/2010 -- VAIREX corporation of Boulder, Colorado announced today that it had accepted an order for 350 of the Company’s fuel cell air management systems from a US based Fuel Cell manufacturer. These units will be delivered in the First Quarter of 2010, with the intent for increasing numbers to follow in successive Quarters. VAIREX is operating under Chapter 11 of the Federal Bankruptcy code, and the transaction and payment terms were approved by the Court.

VAIREX CEO Ski Milburn said, “This single order equals our 2008 unit sales, and exceeds our unit shipments in 2009, testifying to the fuel cell industry’s successful commercialization and move to full–scale production. The fact that we were able to close this order while operating in bankruptcy is an endorsement of the quality of our products and our standing in the industry.”

About VAIREX
VAIREX corporation http://www.vairex.com, with offices in Boulder, Colorado, USA and Tokyo Japan, is a privately-held designer, manufacturer, and supplier of air management systems, enabling technology to the hydrogen fuel cell and diesel emissions control industries. These critical systems consist of integrated compressors, motors, and controllers that efficiently and precisely deliver clean air to support our customer’s process requirements. VAIREX's customers include leading Tier One suppliers and OEMs to the fuel cell and diesel industries in Europe, Asia, and North America.

VAIREX corporation is currently operating under Chapter 11 of the US Federal Bankruptcy Code, following the insolvency and pending liquidation of its UK corporate parent, VAIREX international limited. VAIREX managment is operating the company as Debtors in Possession, taking orders, shipping product, and raising capital to sever the corporate tie to our defunct parent and emerge from bankruptcy as a standalone company.