They appear to be progressive, have a good cell product, but don't say anything about their fuel cells, efficiencies, etc
HYG is more a "fuel cell integrator" at this point, than a fuel cell developer. They do have their own PEM but in their last development, integrated the General Motors Fuel Cell into the HYUPS stockhouse.com
They admit that the GM PEM is superior to their own, but still progress with R&D on their own unit. General Motors owns about 26% of HYG shares and has a cooperation agreement with HYG where HYG can share and have access to all developemnts in the GM fuel cell.
PEMS are more suited to UPS/backups than SOFC's due to SOFC's long start up time. SOFC's have up to this point ( :http://biz.yahoo.com/prnews/021002/new026_1.html ) been most suited to "continuous use" COGEN Communication tower support etc etc.
HYG and its CEO have actively participated in partnerships that led to an equity investment to achieve longterm stability, GLE has not. I blame Perry for this, no one else, just Perry, although the BoD did diddly to convince the "past visionary, that he had no vision, so by association they share the guilt.
Equity interest Partnerships at this level should be so easy, the discussion should be non-existant. My only concern at this point is Garrett has already shown that "talk is cheap" and meeting deadlines and keeping shareholders informed appears to have slipped to the "Perry Level"...not a good start out of the blocks for the "saviour".
Still, I own the stock because the technology, I don't believe for one moment they are a "world leader" but I beleive their SOFC is just as good as any other, which in itself demands a shareprice higher than where it presently is. |
