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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Humphrey who wrote (1251)	4/21/1999 4:37:00 PM
From: blue_chip	Read Replies (1) \| Respond to of 6016

Canaccord Morning Coffee Global Thermal Electric (GLE : ASE : $10.70) COMMENTARYTarget: NA 52-week price range: $15.00-$0.86Shares O/S: basic 15.9Mfully diluted 22.7M Weekly trading vol.: 1.8MMarket capitalization: $244M (fd) Global Thermal Electric (GLE) is a world leader in the development, manufacturing and distribution of thermoelectric generators (TEGs), vehicle heaters, and commercially viable solid oxide fuel cells (SOFC). The Company recently announced a major breakthrough in their proprietary solid oxide fuel cell (SOFC) technology, which is able to produce higher power output at lower temperatures than any other commercial SOFC in the marketplace. The SOFC was initially designed to provide power for remote locations fin oil and gas and telecommunications applications, but it is obvious with the recent purchase order agreement from Delphi Automotive Systems Corp. (DPH : NYSE) that this use is far greater than anticipated. Delphi Automotive is a major automotive-parts giant with annual revenues in excess of US$28B. Delphi has been moving towards getting into the automotive fuel-cell business. We have contacted GLE regarding this contract and the Company has been required to not disclose any details on current and future negotiations. With such a tight seal on disclosure, we are assuming from our discussions with the Company that the outlook maybe very positive for GLE. The Company expects to release further details over the following week. David Wong (604) 643-7739