Proton Energy Systems Inc. - PRTN Message Board

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Non-Tech : Proton Energy Systems Inc. - PRTN

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To: Mark Fleming who wrote (28)	6/13/2002 4:39:48 PM
From: RRICH4	of 29

PRTN has $4.89 per share cash on hand... With stock trading at $3.15, it seems like a good entry point, from first uarter release: President and CEO Walter "Chip" Schroeder noted, "Proton continues to gain recognition as the leader in practical applications of PEM technology. Our current products are performing well and we are pleased with our sales outlook. Based upon what we are seeing, we believe Proton remains on target to achieve its goal of more than doubling revenues for 2002 compared to 2001. The important advances we are making in our technology is adding value to current product lines and will facilitate new advanced products for power and energy applications. Our balance sheet remains strong and we ended the first quarter with $162.6 million or approximately $4.89 per share in cash."

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