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Technology Stocks : Plug Power (PLUG) -- Ignore unavailable to you. Want to Upgrade?


To: Ira Player who wrote (108)1/10/2000 1:19:00 PM
From: Wolff  Respond to of 783
 
Sorry I think it topped. PLUG news was same as August News in SEC filings, and same as Dec 1998, its seems to repeat the same news regularly.

PR says this
"LATHAM, N.Y., Dec 15,1999 (Reuters) - Plug Power Inc. (NasdaqNM:PLUG - news) said Wednesday it is providing electricity to its demonstration home in Latham from a fully integrated natural gas fuel cell system.

The company understands this is the first time electricity for a home has been provided by a fuel cell powered by natural gas, spokesman John Mousaw said."
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But look at the SEC filings on December 1998 and August 1999. Seems the same thing to me.

December 1998 Demonstrated a natural gas-fueled residential fuel cell
system

February 1999 Entered into agreement with GE On-Site Power to distribute
and service our residential fuel cell systems

June 1999 Began construction of a state-of-the-art, 51,000 square foot
manufacturing facility in Latham, New York

June 1999 Hired our 250th employee, up from 22 employees at inception

August 1999 Powered a three-bedroom home with a residential fuel cell
system connected to its existing natural gas pipeline




To: Ira Player who wrote (108)1/11/2000 8:00:00 AM
From: Fisherman1  Respond to of 783
 
Purchase may be an option, and they may want to compete with utility service contracts. Part of the business plan I heard on the road show was for the utilities to purchase the units and install them to their retail customers and have a 22% ROI and a pay back in less than 4 years.