Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Pacific Fuel Cell Reports Third Quarter Results

Abstract:
--Company Continues Transition from Development Stage, with Revenues from Bipolar Plate Manufacturing--

Pacific Fuel Cell Reports Third Quarter Results

TUSTIN, CA | Posted on November 27th, 2007

Pacific Fuel Cell Corp. (OTCBB: PFCE), a leading specialty component manufacturer to the fuel cell industry, today announced results for the third quarter ended September 30, 2007.

The company reported revenues of $140,158 for the most recent three-month period, representing the commercial launch earlier this year of its bipolar plate manufacturing operation. There were no revenues in the same period last year. As expected, Pacific Fuel Cell sustained a net loss for the 2007 third quarter of $412,077, or $0.01 per basic and diluted share, compared with a net loss of $176,990, or $0.00 per basic and diluted share, in the comparable year-ago period.

"This is an exciting time in the history of Pacific Fuel Cell as we ramp up our bipolar manufacturing facility in anticipation of continued growth and move from development stage to production," said George Suzuki, president and chief executive officer. "Our ability to manufacture both high and low temperature graphite-based bipolar plates fills an important need in the fuel cell industry and positions us to become the premier component provider. We anticipate that the Ohio facility will reach breakeven by the first half of 2008."

Total operating expenses in the third quarter ended September 30, 2007 were $548,705, compared with $174,960 in the comparable year-ago period, reflecting preparing the manufacturing facility for production, as well as associated higher general and administrative costs.

For the nine-month period ended September 30, 2007, PFCE reported revenues of $276,081 compared with no revenues for the corresponding period last year. Net loss for the first nine months of fiscal 2007 was $1,098,428, or $0.02 per basic and diluted share, compared with a net loss of $375,925, or $0.01 per basic and diluted share, a year ago.

Total operating expenses for the 2007 year-to-date period were $1,373,067, versus $373,961 in the same period last year.

####

About Pacific Fuel Cell Corp.
Pacific Fuel Cell Corp. is a nanotechnology company committed to producing fuel cell components with reduced cost and higher performance in the portable, stationary and micro fuel cell market.

For more information about Pacific Fuel Cell, please visit http://www.pfce.net .

Certain matters discussed in this press release, including, but not limited to the Ohio facility reaching breakeven, may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and, as such, may involve known and unknown risks and uncertainties. Other factors also may cause actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this press release.

For more information, please click here

Contacts:
PondelWilkinson Inc.
Eileen Rauchberg
310-279-5980

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Raman Whispering Gallery Detects Nanoparticles September 1st, 2014

Nanoscale assembly line August 29th, 2014

New analytical technology reveals 'nanomechanical' surface traits August 29th, 2014

New Vice President Takes Helm at CNSE CMOST: Catherine Gilbert To Lead CNSE Children’s Museum of Science and Technology Through Expansion And Relocation August 29th, 2014

Financial Reports

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Arrowhead Reports Fiscal 2014 Third Quarter Financial Results and Provides Update on ARC-520 August 12th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

Harris & Harris Group Reports Financial Statements as of June 30, 2014 August 10th, 2014

Fuel Cells

Media Advisory: Minister Rempel to Announce Support for Alberta's Nanotechnology Sector June 20th, 2014

Evolution of a Bimetallic Nanocatalyst June 6th, 2014

University of Surrey collaborates with India and Tata Steel to revolutionise renewable energy March 26th, 2014

Novel membrane reveals water molecules will bounce off a liquid surface: Study may lead to more efficient water-desalination systems, fundamental understanding of fluid flow March 16th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE