燃料电池-Fuel Cell Developer Protonex 08年底总结

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Fuel Cell Developer Protonex Issues Preliminary Results For The Year Ended 30 September 2008

Publication Date:12-Jan-2009
Sourcerotonex SOUTHBOROUGH, MA--Protonex Technology Corporation (LSE: AIM: PTX and PTXU) (“Protonex” or the "Company”), a leading provider of advanced fuel cell power systems for sub-kilowatt portable, remote and mobile applications today announces its preliminary results for the fiscal year ended 30 September 2008.Protonex Technology Corporation achieved significant milestones in the development of several key product areas in 2008, including its M250 professional and military product series, unmanned aerial vehicle (UAV) power systems and solid oxide fuel cell platforms. Progress towards bringing these portable fuel cell products to the market in 2009 and beyond has continued to attract industry-leading development partners and positions the Company to be an early leader in this sector.

• Revenues up 31% to $7.9 million for the year ended 30 September 2008 (2007: $6.0 million)
• The M250-B product is in the final stages of development and testing and is on track for initial consumer and professional sales in the first half of calendar year 2009
• Demonstrated fully functional Professional Series M250-B prototypes to leading OEMs interested in taking the concept to market under their brand
• Completion of $3.5 million programme with the US Army with delivery of ten M250-CX fuel cell prototypes to several US military agencies for evaluation
• Awarded a $4.0 million follow-on contract from the US Army to continue the development of a next-generation version of the M250-CX system
• Enabled a nine-hour flight of a fuel cell-powered UAV with industry leader AeroVironment, extending flight duration by as much as four times compared to advanced batteries
• Received a $1.6 million contract from the US Navy for advanced development of high performance fuel cell systems for UAV
• Continued development of solid oxide fuel cell platforms and progress against milestones on joint development effort with Cummins
• Awarded a $0.4 million contract from the US Army to further develop the Company’s solid oxide fuel cell (SOFC) power systems
• Established PTXU trading line to enable CREST electronic trading for eligible unrestricted shares. 48% of outstanding shares in PTXU line as of 30 September 2008
• Strong financial position with $24.3 million in cash and cash equivalents as of 30 September 2008

• Formally introduced Professional Series M250-B product targeted at recreational vehicle hybrid power application at the RVIA trade show in Louisville, Kentucky on 2 December 2008

Commenting on the results, Scott Pearson, Chief Executive of Protonex Technology Corporation said: “2008 was an important year for Protonex as the Company experienced impressive growth and reached significant milestones on several key product platforms.” “The Company’s continuing shift from technology development to product delivery was demonstrated in several ways in 2008 and the results of this transition included considerable progress towards mass-marketable products that are expected to offer exceptional value to their target markets. Our expectations remain high as we progress toward the introduction and delivery of our first commercial products in 2009.”


[ 本帖最后由 qinsdau 于 2009-1-13 11:20 编辑 ]