Still amazes me people are turning their nose at this stock.
The following could be one reason why .....
Hydrogenics wins European Commission fuel cell bid
Hydrogenics Corp HYG
Shares issued 36,011,780 Feb 19 close $10.68
Wed 20 Feb 2002 News Release
Mr. Pierre Rivard reports
HYDROGENICS SUCCESSFUL IN EUROPEAN COMMISSION BID FOR FUEL CE ...
The European Commission (EC), through the Institute for Energy of the Joint
Research Centre, has selected Hydrogenics's FCATS test systems for a new
fuel cell laboratory at Petten in the Netherlands. This test equipment will
be used to support institutional fuel cell research in addition to the
institute's activities related to the EC's forthcoming network on
standardization and testing of fuel cell systems. FCATS is Hydrogenics's
proprietary product line of automated, industrial systems for testing and
optimization of fuel cells and fuel cell stacks.
The European Commission contract was achieved through a competitive bid
process in which Hydrogenics's offerings were rigorously evaluated along
with several other test station providers, including European contenders.
The company's extensive experience, with over 100 delivered and
commissioned FCATS systems around the world, was a strong consideration.
The FCATS system being designed and built to meet the requirements of this
contract will have a power rating of up to 100 kilowatts. In addition, the
system will incorporate Hydrogenics's latest control and monitoring
software including a new graphical user interface and leading edge
networking and data analysis capabilities. With this contract, valued at
approximately $740,000 (U.S.), Hydrogenics expands its premier customer
base which includes General Motors Corporation, Nissan Motor Co., Ltd., 3M,
Johnson Matthey PLC, Hyundai and Delphi Automotive Systems.
"We are pleased that Hydrogenics's technology and capabilities have once
again been validated through a competitive selection process," said Pierre
Rivard, president and chief executive officer of Hydrogenics. "Our
commitment to strong after-sales service and consultation is recognized as
going well beyond the required delivery of highly engineered equipment and
this is reflected in our growing list of long-standing relationships.
Hydrogenics is developing a strategy for the European market and we see
this contract award as a positive indication that our activities will
continue to expand considerably in the region."
WARNING: The company relies upon litigation protection for
"forward-looking" statements.
(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com |
