Another International Group stockhouse.com has picked up on the DCHT story...DCHT is starting to get tremendous exposure.
Company: DCH Technology, Inc.
Symbol: DCHT
Exchange: OTC:BB
52 Week Low-High: $0.250 - 8.250
Current Price: $0.968
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DCHT is a leader in the development and production of state-of-the-art
environmental monitoring and safety-engineering products for hydrogen
industrial uses.
DCHT has licensed and developed a universal gas detector and has recently
begun selling state-of-the-art hydrogen gas sensors, targeting a potential
US$2 billion market.
DCH Technology is on the verge of commercial development of PEM Fuel
Cells - a product that will revolutionize power production and transportation
in the 21st century.
THE COMPANY
DCH Technology, Inc. ("DCHT") is a firm that specializes in licensing and
converting new ideas and technologies into state-of-the-art products.
DCH's gas sensor products are aimed at a worldwide market with potential
sales estimated at US$2 billion per year. DCH Technology's flagship product
is the "Robust Hydrogen Sensor" (currently in production), and is aimed at
an estimated US$200 million market. DCHT's product line has been
demonstrated by independent testing labs to consistently and significantly
outperform its competitors products.
DCH's proprietary Thick Film Hydrogen Sensor Technology developed at the
National Renewable Energy Laboratory was recently judged to have an
excellent chance for success, from the US Department of Energy Hydrogen
Program R&D Program Technical Peer Review, On Oct. 26, 1998 (see press
release)
DCH is strategically positioned at a time when a variety of new markets are
emerging for the use of hydrogen fuel. DCHT's commercial application of
proprietary technologies contributes to the safety and implementation of
environmentally friendly energy technologies.
BACKGROUND
Hydrogen is explosive when it reaches just 4% concentration in air. Because
so little amount of gas is needed for combustion to occur, monitoring and
measuring the gas in order to activate safety control equipment or to sound
an alarm is vital to avoid hazardous situations. Process monitoring based on
fast and accurate measurement is also important to many process industries
such as; petro chemical, energy, medical, waste management,
environmental, manufacturing, food, military and space.
Some current DCH customers include NASA, Ford, Westinghouse, Allied
Signal, General Motors, Lockheed Martin Defense Systems, The US Naval
Medical Research Institute, and a number of other internationally-known
aerospace, automotive, nuclear and defense industry clients.
DCH has teamed with Westinghouse and the European Bank of
Reconstruction and Development to retrofit the Leningrad nuclear reactor
with DCH sensors and has already begun delivery on November 2, 1998.
(see press release). DCH is in discussion with Westinghouse to team on
safety upgrades to nuclear facilities throughout the world. There are
between 275 and 350 nuclear power plants worldwide.
DCH is also leading the Maritime Hydrogen Technology Development
Group, which plans to retrofit a ferry in Hawaii with hydrogen power as a
testing and demonstration platform. DCH's partners in the MHTDG include
Pacific Marine, Allied Signal, Northrop Grumman, LANL, Thiokol, HBT and
the Desert Research Institute. Risk management will be provided by
Renewable Energies Group, (REG), which is a joint venture between DCH,
the National Hydrogen Association, and Rode and Associates. (Ins.)
Additional sources of vast untapped revenue potential are the power
transformer and semiconductor industries. Power distribution transformers
are found on hydro poles and industrial facilities across the country. During
operation, hydrogen is naturally generated in the transformer cooling oil.
Elevated levels of hydrogen in the oil indicate a malfunction and/or an
imminent failure. The DCH sensor will allow monitoring of these hydrogen
buildups and signal maintenance crews to repair the problem before the
transformer fails or explodes. DCH anticipates this to be a source of
tremendous profit.
In semiconductors, when large quantities of hydrogen are accumulated in
semiconductor manufacturing plants, much of it is burned off in furnaces. A
sensor is needed to monitor the hydrogen accumulation in these burners.
Only the DCH sensor is robust enough to handle this harsh environment.
DCH estimates this and related process monitoring applications could
potentially generate sales of $18,000,000 annually.
Building upon its own hydrogen gas sensor product line, DCH Technology
has licensed the "Universal Gas Detector Technology" from Simon Fraser
University. This new, state-of-the-art technology, significantly improves the
sensing capability of existing gas detectors, and, with the planned
introduction of new products, will open up much of the US$ 2 billion gas
detection market to DCHT.
Started as an engineering safety and gas detection and sensor
manufacturing company, DCHT is now teamed with the US Dept. of Energy
and the Los Alamos National Lab to commercialize a small hydrogen fuel
cell capable of generating from 50 watts to 500 watts, or more, of portable
electrical power. DCH Technology believes that this product could be
available for worldwide distribution and sales sometime in mid 1999. DCH
Chief Scientist on the project is Mark Daugherty, Ph.D., a former LANL
scientist and a recognized expert in the field of energy and hydrogen
utilization technologies. Dr. Daugherty actively coordinates Cooperative
Research and Development Agreements between DCH and the US Dept. of
Energy.
DCH TECHNOLOGY, INC. ("DCHT" on OTC - BB) Jan 15, 1999
27811 Avenue Hopkins Suite 6
Valencia, California 91355
Phone: (805) 775 - 8120
Fax: (805) 257 - 9398
Website: dcht.com
IR Dept. (805) 775 - 8120 ext. 11
IR Email DCHTinvest@aol.com
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