Jim, this review is now posted on the DCHT website at dcht.com
There are some gems in there, in the list of customers, and the applications they are addressing;
27811 Avenue Hopkins, Suite 6
Valencia, CA 91355
Tel: (661) 775-8120
Fax: (661) 257-9398
Email: invest@dcht.com
OTC-BB: DCHT
IR Phone: 661-775-8120, ext.11
Shares Outstanding: less than 16 million
Float: Approx. 5 million
Outside debt: $0
HYDROGEN FUEL CELLS HYDROGEN SENSORS
DCH Technology, Inc. (DCHT) is a manufacturer of hydrogen fuel cells and gas detection systems and equipment. These
technologies were developed and patented at Sandia and Los Alamos National Laboratories and are licensed exclusively by DCHT.
DCHT has an experienced management team, with careers stemming from RCA, Rockwell, Los Alamos National Laboratory,
Astronautics Corporation of America, General Instruments, Motorola and Eaton Corporation (to name a few). The DCHT Board of
Directors includes a retired US Navy Rear Admiral, a retired US Congressman, a retired Fortune 100 business executive, the current
President of the California Hydrogen Business Council and a member of the Hydrogen Technical Advisory Panel to Congress.
The current annual market for hydrogen gas detection equipment is estimated at US$440 million and growing rapidly.
Current customers for the Robust Hydrogen SensorTM include Aerospace Corporation, Alcoa, Allied Signal, Argonne National
Laboratory, Ballard Power Systems, Duracell, Exxon, Ford, General Motors, Horiba Instruments, Hydro-Quebec, Johnson Controls,
Lockheed Martin, Los Alamos National Laboratory, Lucent Technologies, Mobil Oil, Morrison-Knudsen, NASA, Nissan Motor
Corporation, Northrop-Grumman, Northwest Power Systems, NUPEC (the Japanese nuclear regulatory agency), Phoenix Gas
Systems, Pratt & Whitney, Spokane Research Labs, TJH2B, TRW, Twyman Safety, the University of California at Riverside, the
University of Minnesota, the University of Nevada at Las Vegas, Westinghouse and many others.
DCHT sensors are in place providing safety in water filtration plants, battery manufacturing facilities, automotive plants, oil refineries,
jet engine manufacturers and nuclear power plants, to name a few. DCHT sensors are also being tested for metals corrosion
detection and power transformer monitoring. The DCHT Robust Hydrogen SensorTM was an integral part of a recent space shuttle
mission and will be used by the U.S. Department of Energy for nuclear waste containment safety.
DCHT is currently working with the major automotive manufacturers on the use of the DCHT Thick Film Sensor and the Robust
Hydrogen SensorTM for leak detection in fuel cell cars and trucks.
HYDROGEN-POWERED FUEL CELLS
DCHT manufactures PEM Fuel Cells. The technology is licensed from US Department of Energy's Los Alamos National Laboratory.
DCHT Chief Scientist, Dr. Mark Daugherty, joined DCHT from Los Alamos in June 1998.
Substantial financial, marketing, and organizational resources are currently being devoted to fuel cell technology, driving the nascent
market to over $10 billion by 2010.
DCHT is developing fuel cells from 1 watt (or the size of a D-cell battery) to 10,000 watts to provide electricity for such projects as
electronic equipment, scooters and motorbikes, marine vessels, portable emergency power, battery charging, small residences and
businesses.
LATEST SIGNIFICANT DEVELOPMENTS
Nov 1999 DCHT receives sensor order with options valued at $2.4 million+ from a major fuel cell manufacturer. The DCHT Robust
Hydrogen SensorTM and Thick Film Sensors thus become the defacto standard for fuel cell products.
Oct 1999 DCHT becomes a fully reporting company under the Exchange Act.
Oct 1999 Number of employees at DCHT quadruples over the previous 15 months.
Sep 1999 Stephanie Hoffman (former Director of Strategic Planning and Business Development for Eaton Corp.) joins DCHT as Vice
President and General Manager of the Fuel Cell Business.
Jul 1999 Northwest Power Systems, a division of IdaCorp, (NYSE: IDA) announces the purchase of a 3 kilowatt fuel cell system from
DCHT, as part of an overall $ 3.5 million order, with additional orders pending.
Jun 1999 DCHT expands its facility size with additions to the sensor production plant in Valencia.
May 1999 DCHT is chosen and is funded by the Department of Energy's Hydrogen Program to lead a team of 22 organizations
(including Allied Signal, Pacific Marine and the American Bureau of Shipping.) to investigate the possible use of hydrogen in maritime
applications.
Mar 1999 DCHT and Allied Signal announce a multi-year strategic alliance to integrate DCH sensors into AlliedSignal (NYSE: ALD)
products for hydrogen energy and other systems.
Dec 1998 DCHT and Horiba Instruments of Japan announce distribution deal. Horiba agrees to integrate and re-sell DCHT's hydrogen
sensor products in the Pacific Rim.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this document looking forward in time involve risks and
uncertainties, including primary customer order rates, cancellations, late delivery of customer components which cause production delays, dependence upon certain
customers, dependencies upon key executives, viability of quarterly results, competition, product liability risk, control by management, limited trading market and
volatility of stock prices, foreign currency fluctuation, and other risk factors detailed in the Company's applicable SEC filings.
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