PARO Paros

    30 July 2007

                                   ParOS plc                                   

                          ("ParOS" or the "Company")                           

                ParOS signs further contracts with Tropical SA                 

ParOS, the AIM listed control technology company, announces that ParOS
Technology EPE, its Greek subsidiary, has entered into three further commercial
contracts with Tropical SA. The three new contracts are for the development of
ParOS controllers for hydrogen based electrical power generators of 1kW, 3kW
and 5kW. This is a further step in the Company's strategy to commercialise its
intellectual property in energy systems of the future

Under the terms of the agreements, which are worth Euro60,000 in aggregate, ParOS
Technology EPE has agreed to design the three controllers to be fitted in
Tropical SA's new range of hydrogen fuel cell based electrical power
generators. These generators are currently supplied to the European market.

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.

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

`The strategic alliance signed with Tropical SA in June 2007 is proving an
excellent springboard for commercial applications of the Company's technology.
Hydrogen fuel cell based electrical power generation is used increasingly in
applications where low weight to capacity, environmental impact and noise are
critical'.

For Enquiries:

ParOS

Patrick McHugh Tel: 020 3008 8223

John East & Partners Limited (Nominated Adviser)

Simon Clements/Bidhi Bhoma 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 were 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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