There will be two sensors for every fuel cell from what I am hearing. I don;t know what their cost will be, but it will probably be in hundreds, not thousands.
That's why it is imperative for the Ballards and the Plugs to succeed, and quickly.
But both Ballard and Plug are ignoring the smaller applications, and that's wher ei believe DCHT has the advantage, as the smaller applications may not be as glamourous, and may never make headlinres, but they may be enough to get DCHT to $10.00 plus per share, at which time I will be happier than I am now, with the stock still below $4.00, the nasdaq required number.
However, if they keep doing things like they announced today, they can be a $ 100,000,000 in sales company in 3 years without the first fuel cell car ever hitting the streets;
Monday November 15, 6:02 am Eastern Time
Company Press Release
DCH Technology Announces New Product Based on Robust Hydrogen Sensor(TM) Technology - Signs Contract with ClorTec
VALENCIA, Calif., Nov. 15 /PRNewswire/ -- A hydrogen explosion at a Palmdale Water District facility in Palmdale, California on June 3rd has led to a new product line based on DCH Technology, Inc.'s (OTC Bulletin Board: DCHT - news; www.dcht.com) Robust Hydrogen Sensor(TM).
This contract will allow DCHT to develop a major presence in water treatment plants, and I feel that this is a major opportunity to provide equipment for a market that has been independently sized at over 19,000 facilities.'
``In the process of manufacturing chlorine for water treatment facilities, hydrogen is generated as a by-product that is vented to the atmosphere via a blower system that is interlocked to the generator,' explained Dennis Reid, DCHT's Director of Sales. ``Unfortunately, hydrogen was allowed to accumulate in a storage tank prior to the installation of the venting system. An ignition source touched off the hydrogen accumulation resulting in injuries to one individual.'
DCHT announced today the introduction of a completely integrated leak detection system for the purpose of detecting hydrogen accumulation. Working with ClorTec of Campbell, California, a leading manufacturer of Sodium Hypochlorite Generation Systems (www.clortec.com), DCHT was awarded a contract to incorporate its Robust Hydrogen Sensor(TM) into ClorTec's system for installation at the Palmdale Water District facility. The first integrated leak detection system is due to be installed in the facility beginning November 19th.
``Our initial contract with DCHT will result in the installation of these sensors in strategic locations throughout the system at the Palmdale facility to maximize detection in the event of another hydrogen buildup or leak,' said Brent Simmons, Vice President of ClorTec. ``We plan on providing this system to our distributors as a model for hydrogen detection in water treatment plants all across the United States.'
``The explosion at Palmdale was very unfortunate, and we are committed to working with ClorTec and the Palmdale Water District to develop this sophisticated system and we are pleased to be a part of the solution,' said David Walker, President of DCHT. ``This contract will allow DCHT to develop a major presence in water treatment plants, and I feel that this is a major opportunity to provide equipment for a market that has been independently sized at over 19,000 facilities.'
This new product addresses a significant market opportunity. ``This detection system is an important addition considering the large number of water treatment and chlorine generating facilities throughout the United States that will be updating or building new facilities,' Simmons said. ``We are extremely confident in DCHT's ability in the integration process, and I am very pleased to provide what we feel is the latest technology available in hydrogen leak detection for our customers.'
Hydrogen Is The Future -- We Can Sense It(TM)
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements in this news release looking forward in time involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors, such as customer order rates, cancellations, late delivery of customer components, production delays, dependence upon certain customers, dependence upon key executives, viability of quarterly results, single operating facility, competition, product liability risk, control by management, foreign currency fluctuation, and other risks detailed in applicable SEC filings.
SOURCE: DCH Technology |
