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Technology Stocks : Energy Conversion Devices

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To: Ray who wrote (4118)10/19/1999 9:15:00 PM
From: Michael Latas  Read Replies (2) of 8393
 
There is an interesting four page article in the current
Oct. 25th issue of Fortune magazine entitled "Reinventing The Wheel". It does a pretty decent job in discussing all
of the many changes that are taking place in the present and future of vehicles.

There's also a good full page article on the front page of section 2 of today's Wall Street Journal on global warming.

The most interesting part to us is the reference to Royal Dutch/Shell Group's commitment to the environment. It made mention of "their entering the promising world of fuel cells." Furthermore, "next month, Shell will open a solar panel plant in Germany that will eventually produce about
13 million solar cells annually, to make it the worlds largest". Rather interesting.

Reference was also made to BP Amoco as "being among the forefront of the multinationals in reducing global warming
both in the US and abroad". With this knowledge, if only we could just get lucky enough to have BP Amoco join Royal
Dutch/Shell Group in our solid state hydrogen fuel technology development. Now, wouldn't that be a break for
us.

Some food for thought. There are over thirty different companies,(Does anyone have an up-to-date count?) including auto mfgr's worldwide, and counting, that are in the process of developing fuel cell technology. Ballard happens to be just one of them. And look how much money Daimler/Chrysler and Ford have invested in their fuel cell. Amazing! It really drove their stock up. And what do they really have,
but one of a number of different possible fuel cells?

On the other hand, all fuel cells, regardless of who makes them, including Ballard, need hydrogen as their fuel. Up until ECD came upon the scene with our solid state hydrogen fuel technology there was no known safe, viable, cost effective, practical means of storing and distributing hydrogen fuel. Now that's a fact. When will this become public knowledge?

Furthermore, our solid state hydrogen fuels can be used by
internal combustion engines now, while the oil industry builds their infrastructure for future fuel celled vehicles
that could be ten or more years down the road. Of course,
very expensive concept cars are expected by 2004.

The race is finally really heating up, thank goodness. Nobody wants to be left behind. Everyone is in agreement that the 21st century will not be the internal combustion engine driven by gasoline. We have that much going for us to help our cause along.

Perhaps some new light will be shed by ECD's new quarterly
newsletter due out later this month.

Regards.
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