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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Haim R. Branisteanu who wrote (37830)1/23/2000 6:22:00 PM
From: Zeuspaul  Read Replies (2) of 99985
 
the fuel cell concept has merits and can be very efficiently employed in certain fields and as backup power. Until they find a way to produce very cheap hydrogen their future is limited.

The FCL (used to be ERC) Molton Carbonate fuel cell runs directly on natural gas and other hydrocarbons. The efficiency is about 55 percent. When the waste heat is utilized the efficiency rises to about 75 percent. IMO the edge goes to the FCL fuel cell over the existing utility turbines on overall efficiency and the green factor. The green factor will not go away and will cause additional pops from time to time.

The target market is the utility industry. Transmission costs can be reduced as units can be placed closer to the demand.

IMO this is one of the least hyped and one of the most promising fuel cell plays. This company has been developing its fuel cells for a long time and is now gearing up for production. A pending deal with LADWP bodes well for its future prospects IMHO. It is also aligned with Daimer Benz sp? to make truck size portable units for emergency applications. It also has contracts with the Navy for ship based fuel cells.

The infrastructure for implementation of FCL fuel cells is already in existence ie the grid and the existing hydrocarbon distribution system.

They had one small share offering...they have been able to maintain operations as they have income from research grants? and? so they have not had to issue any more shares.

The management seems conservative..no weekly press releases as seems to be the case with some other PR oriented fuel cell companies.

It got caught up in the PLUG hype..probably a little ahead of itself right now..although if it were priced ala PLUG and BLDP it would be a LOT higher right now.

JMHO..please do not run off and buy any as I want a chance to add to my position...my best chance for early retirement<g>

Zeuspaul
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