PARO Paros

    1 June 2007

                                   ParOS plc                                   

                          ("ParOS" or the "Company")                           

                 Strategic Alliance Agreement with Tropical SA                 

ParOS plc, the AIM listed control technology company, announces that ParOS
Technology EPE, its Greek subsidiary has entered into a strategic alliance
agreement and a commercial contract with Tropical SA.

Under the terms of the agreement Tropical SA has awarded a Euro25,000 contract to
ParOS Technology EPE to design a prototype controller to be fitted to the air
conditioning and refrigeration units of small trucks and vans which Tropical SA
currently supply into the European market. The prototype controller is expected
to be delivered in July 2007. Tropical has also indicated that they expect to
engage ParOS Technology EPE in further hydrogen related projects and further
announcements will be made as required.

The Company's principle objective continues to be the commercialisation of its
technology which is designed to provide cost effective, safe, sustainable and
environmentally responsible control for the energy systems of the future. The
directors believe the strategic alliance is a significant step towards
achieving that objective.

Patrick McHugh, Chairman and CEO of ParOS plc, said:

`The strategic alliance with Tropical SA provides an excellent springboard for
further commercial applications of the company's technology and reflects the
considerable investment ParOS has made in 2006 and in the current year to
expand the markets for its control technology This is great news for ParOS and
a further step in its strategy to commercialise its intellectual property in
the energy systems of the future'.

For Enquiries:

ParOS

Patrick McHugh Tel: 020 3008 8223

John East & Partners Limited (Nominated Adviser)

Simon Clements Tel: 020 7628 2200

Holborn Public Relations

David Bick/Mike Feltham Tel: 020 7929 5599

Background Information on ParOS

ParOS advanced optimisation and control solution technologies have been
developed by a team, led by Chief Technology Officer, Professor Pistikopoulos,
at Imperial College's Centre for Process Systems Engineering, over the last 15
years. ParOS became a spin-out company from Imperial College in January 2002
providing energy saving advanced optimisation and control solutions to
industry. In March 2006 ParOS plc was admitted to trading on AIM with a view to
commercialising its existing technologies and to utilising its intellectual
property pipeline agreement with Imperial College.

Advanced control, referred to as Model Predictive Control ("MPC"), is achieved
by repeatedly solving optimisation problems online to determine the best
control action, given the sensor measurements at any given time and a desired
target value for these measurements. Until now providing hardware and software
applications to support MPC has been expensive and time consuming. ParOS
technology overcomes these obstacles using parametric optimisation techniques
to determine MPC solutions offline that run online with low cost process
controllers. ParOS' solutions are currently installed in the Automotive (Active
Valve Train) and the Process (Air Separation Systems) Industries.

ParOS is developing control solutions for the energy systems of the future
including hydrogen storage in solid metal hydrides and portable and standby
hydrogen based fuel cells for use in power generation and transportation.

ParOS Technology EPE runs laboratory and product development projects in
Cyprus, undertakes product co-development initiatives in Greece and Cyprus and
leads business development activities and commercial negotiations with Greek
customers.

For further information please visit http://www.parostech.com

Background Information on Tropical SA

Tropical SA, a privately held company, is the only Greek company dealing with
the research and development of fuel cells and hydrogen technologies and is
participating in 18 research projects with Universities and Institutes
worldwide. Tropical products are developments from these technologies and
include renewable energy products and fuel cell powered vehicles.

For further information please visit http://www.tropical.gr



END

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