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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: StockPro who wrote (2528)7/10/1999 1:46:00 PM
From: Rockwell60  Read Replies (3) of 6016
 
Some information for the rest of you guys
1) Talked with a highly placed GLE employee about two weeks ago. He said that they plan to take the SOFC off most of it's "life support" sometime soon. (Life support refers to the external lab equipment needed to keep the cell functioning. The implication is that the cell would then run without the aid of external devices, which I suspect will form the basis for the next news release.) When I asked about the expected date, he replied that it was "imminent".
2) There was some implication (nothing confirmed) that the cell would be kept in a natural gas oven for some time yet. As an R&D engineer myself, I have to conclude that they're having difficulty keeping the cell temperatures high enough to sustain power generation, and need the gas oven to jack up the SOFC temperature. (ie. oven needed to provide additional energy input).
3) Is this temperature (additional energy input) problem solvable? In my guess yes, eventually. Before the Investor's meeting in September ? Highly doubtful. I think this is a really tough problem to solve or we would have heard something sooner.
4) GLE has some excellent contracts for their standard products, (latest I heard was $20 million with India to provide Thermoelectric generators) so at any rate the company is on the up & up and will always be worth something. I believe they will solve their SOFC temperature problems but probably not anytime soon.
5) I'm not an insider, just a speculator - so the previous should not be taken as the final word. If you hold stock, I would keep holding for at least 3-4 more months.
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