To: Ray who wrote (3095 ) 1/28/1999 9:36:00 PM From: Michael Latas Read Replies (1) | Respond to of 8393
If we are not careful, members of this discussion will get paranoid over the various battery technologies that are emerging. There is no such thing as any big time major industry that is totally dominated by any one company. Furthermore, there is no such thing as any small company building a large industry by itself. It takes competitive forces at work to do so. Each competing company inevitably has some special advantage over the competition. All of these new technologies contribute to more growth for the industry. The rechargeable battery industry has been growing significantly from one year to the next, thereby attracting new companies that would like to get a piece of this growing market. Some of these are new startup companies, while the major league companies are desirous of getting out of declining markets. The more companies that get into the battery business, the bigger the market will grow. ECD, with its basic advanced and forever improving NiMH battery technology will get more than its fair share of this expanding market. Entirely too many people fail to see the "full potential" of a growing list of markets that are yet to unfold. Everyone is aware of the obvious; EV's, HEV's, and the forthcoming bikes, scooters, power tools and lawn mowers. How many additional markets can you think of? A list of new applications were shared at a shareholders meeting of about two dozen additional markets yet to be addressed by our NiMH batteries. One of them was the large storage battery needs, to go hand in hand with our solar panels to store electricity for night use. How big might this one additional market be? The market potential is indeed profound and growing rapidly to say the least. So, the fact that we are attracting some competition bodes well for us. ECD has some superior advantages in the markets they serve. And, for those of you that may not be aware of it, ECD has the capability with its NiMH technology to continue to improve its storage and energy capacity above and beyond the lithium polymer technology, for what its worth and we continue to work on it. We have a long way to go in continuing improvements in our technology before we reach our peak capacity. Regards.