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

To: Mad2 who wrote (503)	1/22/2000 11:37:00 AM
From: Fisherman1	Read Replies (1) \| Respond to of 542

Still long some plug and a lot of MKTY and FACT do not understand why MKTY is so undervalued. PLUG is high but: 1. no news for 7 months .... prior to that they had news every 3 weeks; like; 1st North American fuel cell company to produce electricity from gasoloine using a Epyx reformePlug Power Breaks New Ground in Automotive Fuel Cells: Demonstrates Automotive Systems to Ford Motor Company PLUG has had NO automotive news releases for 7 months have they and GE and 325 people been sleeping and non productive ? 28 January 1999 Latham, N.Y. - In a significant achievement that brings highly efficient, zero-emission vehicles closer to commercialization, Plug Power announced today that it has demonstrated to Ford Motor Company an advanced automotive fuel cell system responsive to actual vehicle power requirements. Plug Power will be providing the system to the U.S. Department of Energy for further testing. The development of this advanced proton exchange membrane (PEM) system is part of a $2.8 million joint program between Plug Power and Ford. Major funding for this program was provided by the U.S. Department of Energy. This achievement represents an important move toward the creation of fuel cell systems capable of following the diverse power loads presented by a typical driving cycle. The Plug Power system performed exceptionally, closely replicating acceleration and deceleration conditions with sub-second responsiveness. Plug Power's system -- comprised of auxiliaries needed to simulate operating an automobile -- exceeded its design specifications for power output during its test period, and provided maximum efficiency by adjusting its rate of fuel flow to required output levels. In addition, the system attained 75% of its power in less than one-tenth of one second of operation, simulating the "cold start" capacity of a combustion engine. "Ford, Daimler-Chrysler, GM and Toyota have, in total, committed more than $1 billion for development programs aimed at replacing the internal combustion engine with this clean and efficient technology," said Gary Mittleman, Plug Power's President and CEO. "Although fuel cells for automotive applications are a number of years away from commercial reality, they will clearly constitute a huge market. Our recent demonstration to Ford using Plug Power's innovative technologies positions us as an industry leader in developing the automobile of the next millennium." The U.S. Department of Energy funded the Ford/Plug Power program through its participation in the Partnership for a New Generation of Vehicles (PNGV). PNGV is a public/private collaboration with the primary goal of developing an environmentally friendly automobile that is also more fuel efficient than today's midsize cars - without sacrificing affordability, performance or safety. Ford Motor Company is also a member of PNGV. Fuel cells have long been heralded as a solution to the environmental and fuel conservation challenges faced by the automotive industry. Fuel cells efficiently generate safe, reliable electricity through an electrochemical, rather than combustion, process. The commercialization of automotive fuel cell power generation systems will lead to zero emission vehicles that achieve at least double the fuel efficiency of today's cars. Major developments by companies such as Plug Power are bringing this technology to the forefront. In parallel with its automotive fuel cell program, Plug Power is developing highly innovative PEM fuel cell systems for residential applications. Since June of 1998, the company has operated the world's first PEM fuel cell system to power a complete home. The residential system meets the energy demands of a 3,000 square-foot house-even during peak energy-use hours-without connection to a utility electrical distribution system. I also think there is a lot more but that is a pure guess on my part MKTY split last year since plug has the same chairman as MKTY and 1/2 the shares of BLDP why not split in MAY? Why is there no more news from Valient the European appliance mfg. co.? etc, etc

To: Mad2 who wrote (503)	11/23/2000 9:49:56 AM
From: Mad2	Respond to of 542

the weakness behind PLUG (given BLDP has held better in the tech slide). It does appear WS is shutting down the readily availability of capital, making investiments dependant on revenue off into the future a bit risky mad2 biz.yahoo.com Wednesday November 22, 3:31 pm Eastern Time Plug Power shares slip back below offering price NEW YORK, Nov 22 (Reuters) - Fuel cell developer Plug Power Inc.'s (NasdaqNM:PLUG - news) stock fell below its Oct. 29, 1999, offering price of $15 on Wednesday, completing the wipeout of a 10-fold gain it made during its first three months of trading. In afternoon trading, the stock was down $1-5/8 to an all-time low of $14-3/4. Before the market opened Wednesday, the Latham, N.Y.-based electrotechnology company filed an amended third-quarter 10-Q report with the Securities and Exchange Commission, correcting dates in the original filing, Director of Investor Relations Steve Zenker said. The revised 10-Q, like the original, said the company expects to sell fuel cells at a loss ``until after 2003.'' On Oct. 26, Southern California Gas Co. filed with the SEC saying it planned to sell 500,000 Plug Power shares. A second second 144 filing by the Sempra Energy (NYSE:SRE - news) subsidiary on Nov. 13 disclosed that the first sale, 74,000 shares, was made Oct. 26 and by Nov. 8 SoCalGas had sold some 390,000 shares. The second filing announced plans to sell another 500,000 of the company's original 1,350,000 share holding. The sales are being made for ``business and regulatory reasons,'' spokeswoman Denise King said. Friedman, Billings, Ramsey & Co. analyst Maurice May said the San Diego-based utility's stock sales are the result of an agreement with regulators to share investment gains with rate payers. In a Nov. 17 report, he initiated coverage of the stock as an accumulate for risk-tolerant investors at or below $19 per share, saying he sees the first annual profit in 2005 and the first ``meaningful level of earnings'' in 2007. This week, ABN AMRO's U.S. utility analysts began coverage of four energy technology stocks, setting a $22 price target and a neutral rating for Plug Power. They also expect the company to continue incurring losses through 2004. Plug Power's 10-Q reiterated the company's expectations that its first commercial unit will be produced during the first half of 2002. While the company has obligations to General Electric Co. (NYSE:GE - news) ``in 2001 with respect to precommercial and certain first generation commercial products, we do not expect any significant sales to GE before full commercial product availability during the first half of 2001,'' the filing adds. The 7-kilowatt fuel cells Plug Power plans would be marketed by GE Fuel Cell Systems to provide electricity in homes. The marketing venture is owned 75 percent by GE and 25 percent by Plug Power. The filing also disclosed Engelhard Corp. (NYSE:EC - news) had invested $5 million -- of the $10 million it is obligated to invest -- in Plug Power stock as of Sept. 30. The company's major owners are its founders, DTE Energy Co. (NYSE:DTE - news) and Mechanical Technology Inc. (NasdaqNM:MKTY - news), which continue to own 31.5 percent each. Wednesday afternoon, DTE shares were down 1/4 at $37-1/16 and Mechanical Technology had traded at $4-1/2, its lowest price since April 1998, before steadying at $4-5/8, down 7.5 percent or 3/8 for the session. Its stock climbed as high as $33-11/16 in March, reflecting the company's Plug Power stake. Email this story - Most-emailed articles - Most-viewed articles