Follow up on EFCX. Info from company website:
Electric Fuel Corporation is a publicly traded company (Nasdaq: EFCX) incorporated in Delaware, United States.
Electric Fuel develops, manufactures and markets high-capacity, high-power zinc-air batteries for portable consumer electronic devices such as cellular telephones, notebook computers, camcorders, handheld computers and PDA's, medical devices, as well as for electric vehicles and defense applications.
Electric Fuel has positioned itself as a world leader in applying state-of-the-art zinc-air technology to innovative primary and refuelable battery products.
The Consumer Batteries Division develops primary zinc-air batteries as a substitute for lower performance, more expensive, rechargeable batteries, and has introduced the Company's first commercial zinc-air battery products. The first series of products comprises four models of disposable cellphone batteries, suitable for popular phones produced by Nokia, Motorola and Ericsson. The Company initiated production, and limited distribution of these batteries in North and South America and Europe, in the last quarter of 1999. With a custom-built automatic cell production line scheduled to come on line in the spring of 2000, the Company hopes to achieve significantly broader distribution and a dramatic increase in sales volume over time. Other consumer and industrial applications based on the same zinc-air cells are currently under development.
The Electric Vehicle Division is continuing to focus on fleet applications of the zinc-air battery system with its partners in Europe and the United States. The division is implementing, in cooperation with General Electric, a US federally funded program for developing an all-electric battery-powered transit bus. As of early 2000, the division is also cooperating with a consortium of industrial companies in Germany, including Daimler Chrysler and Varta, to advance the use of zinc-air technology in fleet vehicles through a government-funded demonstration project.
The Defense and Safety Products Division was formed to pursue the development of other applications of the battery technology, when opportunities arise to implement such a project with synergistic benefits for the Company's commercial products. This currently includes development of an advanced portable zinc-air battery pack for the US Army. This division also oversees the Company's water-activated safety light products for the commercial aviation and marine markets and is pursuing further development of the safety products business.
SO... The company is a battery maker. Maybe we should all bid up duracell and energizer too!!
Seriously, though, I am inclined to agree with you Rande. Should make a good short from here. |
