Still long some plug and a lot of MKTY and FACT do not understand why MKTY is so undervalued. PLUG is high but:
1. no news for 7 months .... prior to that they had news every 3 weeks; like; 1st North American fuel cell company to produce electricity from gasoloine using a Epyx reformePlug Power Breaks New Ground in Automotive Fuel Cells: Demonstrates Automotive Systems to Ford Motor Company
PLUG has had NO automotive news releases for 7 months have they and GE and 325 people been sleeping and non productive ?
28 January 1999 Latham, N.Y. - In a significant achievement that brings highly efficient, zero-emission vehicles closer to commercialization, Plug Power announced today that it has demonstrated to Ford Motor Company an advanced automotive fuel cell system responsive to actual vehicle power requirements. Plug Power will be providing the system to the U.S. Department of Energy for further testing.
The development of this advanced proton exchange membrane (PEM) system is part of a $2.8 million joint program between Plug Power and Ford. Major funding for this program was provided by the U.S. Department of Energy.
This achievement represents an important move toward the creation of fuel cell systems capable of following the diverse power loads presented by a typical driving cycle. The Plug Power system performed exceptionally, closely replicating acceleration and deceleration conditions with sub-second responsiveness.
Plug Power's system -- comprised of auxiliaries needed to simulate operating an automobile -- exceeded its design specifications for power output during its test period, and provided maximum efficiency by adjusting its rate of fuel flow to required output levels.
In addition, the system attained 75% of its power in less than one-tenth of one second of operation, simulating the "cold start" capacity of a combustion engine.
"Ford, Daimler-Chrysler, GM and Toyota have, in total, committed more than $1 billion for development programs aimed at replacing the internal combustion engine with this clean and efficient technology," said Gary Mittleman, Plug Power's President and CEO. "Although fuel cells for automotive applications are a number of years away from commercial reality, they will clearly constitute a huge market. Our recent demonstration to Ford using Plug Power's innovative technologies positions us as an industry leader in developing the automobile of the next millennium."
The U.S. Department of Energy funded the Ford/Plug Power program through its participation in the Partnership for a New Generation of Vehicles (PNGV). PNGV is a public/private collaboration with the primary goal of developing an environmentally friendly automobile that is also more fuel efficient than today's midsize cars - without sacrificing affordability, performance or safety. Ford Motor Company is also a member of PNGV.
Fuel cells have long been heralded as a solution to the environmental and fuel conservation challenges faced by the automotive industry. Fuel cells efficiently generate safe, reliable electricity through an electrochemical, rather than combustion, process. The commercialization of automotive fuel cell power generation systems will lead to zero emission vehicles that achieve at least double the fuel efficiency of today's cars. Major developments by companies such as Plug Power are bringing this technology to the forefront.
In parallel with its automotive fuel cell program, Plug Power is developing highly innovative PEM fuel cell systems for residential applications. Since June of 1998, the company has operated the world's first PEM fuel cell system to power a complete home. The residential system meets the energy demands of a 3,000 square-foot house-even during peak energy-use hours-without connection to a utility electrical distribution system.
I also think there is a lot more but that is a pure guess on my part
MKTY split last year since plug has the same chairman as MKTY and 1/2 the shares of BLDP why not split in MAY?
Why is there no more news from Valient the European appliance mfg. co.?
etc, etc |
