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Technology Stocks : Beacon Power (BCON) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (11)	10/2/2001 1:18:46 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 49

Message 16443426

To: Jim Oravetz who wrote (11)	6/10/2005 2:57:55 PM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 49

I haven't been following this interesting company, but any insights as to why 4 years after the blurb below this company has shrunk instead of prospered? - Charles ======== We made strides during the quarter in developing our sales and marketing organization," said Stanton. "We hired four senior sales professionals, bringing to five the number of sales managers covering major regions of the United States. These professionals have sold extensively into the power and energy technology capital goods sector and have experience in such companies as Best Power, Exide, Peco, and Powerware." "We are also excited about our efforts in forming strategic alliances to expand our product line and channels to the power quality and distributed generation markets," added Stanton. "In addition to our previously announced partnership with Urenco for high-power composite flywheel systems, we are also actively pursuing other alliances with several of the world's largest energy and power equipment companies on commercialization and development agreements." "All of these developments point to solid progress in our transition to a commercial manufacturer of power reliability solutions," continued Stanton. "Year to date, Beacon has shipped 10 production units and we expect to ship an additional 40 units by the end of the year. We also continue to build out our infrastructure and manufacturing capabilities. In June, we began manufacturing a simplified version of the Beacon 2kWh flywheel system containing fewer parts, which is easier to assemble and quicker to install. Shipments of these systems will begin in the third quarter."