Catalytica Energy Systems, Inc. (CESI) Message Board

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Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

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To: Sam Citron who wrote (1487)	3/19/2000 4:13:00 PM
From: Erik T	Read Replies (1) of 1514

Sam, thanks for the info. While Catalytica's installed Xonon combustion at Silicon Valley Power's Gianera Generating Station has accumulated over 2,000 hours of essentially pollution-free power production Certainly dated material. Xonon over 4,000 hours pollution-free power production. remains involved in talks for the first commercial sale of its Xonon combustion system. That hurdle has been crossed in December with the Pastoria announcement. While the sale of the smaller engine systems are key in terms of lead time for Xonon to report sales in 2000 Even though I had speculated they might see Xonon revenues in 2000, I did not know anyone with any clout thought so. If we see any revenues by 2001 I think we are in great shape. I doubt we will see the big ramp up until 2003-2005. I doubt that this helps much but he estimates that the Xonon operation might be worth $6 per share. If people would just start using the money-losing valuation methods applied to PLUG and BLDP, it could be valued at $100 per share. Erik (IMHO)

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