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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY) -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (355)	7/25/1999 10:31:00 AM
From: Sid Turtlman	Read Replies (1) \| Respond to of 542

Bill: "But what caught my eye about this is that this message seems to say that the SO technology will now be available for residential power generation and I've assumed they meant with individual fc's. If so, isn't this a first for the SO side of the house? Doesn't this trump ERC's product if this is so?" I don't know, but what caught my eye about that announcement was that it showed just how far behind GLE is compared to other players. It is like a company aiming to go into the car business announcing that they tested the steering wheel, and it works!!! That's nice, but that's just 1% of the way there. GLE is trumpeting that their SOFC works without a reformer, well ERC was running carbonate fc's without a reformer more than a dozen years ago. So GLE can announce that it plans this, or someday that, but, like any radically new technology, it takes tens of thousands of hours of real life experience to work out all the bugs. Maybe someday it will have a commercial product, or maybe not. It is way too soon to tell. ERC has completed that process, and has no more technology issues to resolve - only economic and business ones. So while anything can happen, I'd rather be in the outfit that has solved its problems rather than one that hasn't yet had a chance to experience them. Even Plug Power, of which as you know I am not enamored for a variety of reasons, appears to be much further along the experience curve than GLE, both in terms of advancing its technology and having an early handle on the economics. Having said that, I am optimistic long term for SOFC technology, so perhaps GLE may amount to something someday; right now it still seems a bit heavy on the fluff and light on the stuff.