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So, nachdem wir nun eine Marktkapitalisierung unter dem Cash-Bestand per 30.09.2001 haben, bin ich auch dabei. Ich denke mit Einstiegskursen unter 1,-- $ (gestern 0,88 $) kann man nicht viel falsch machen, da alle schlechten Nahrichten darin bereits enthalten sein sollten. Zudem sichert der Cash-Bestand von 40 Mio. das Überleben dieser Firma noch einige Jahre: Tuesday October 30, 8:15 am Eastern Time Press Release SOURCE: Beacon Power Corporation Beacon Power Announces Third-Quarter Financial Results Expansion of Commercial Trials Continues Company Reorganizes Workforce, Cuts Costs WILMINGTON, Mass.--(BUSINESS WIRE)--Oct. 30, 2001--Beacon Power Corporation (Nasdaq: BCON - news), a leading manufacturer of flywheel energy storage systems that provide highly reliable, high-quality uninterruptible electric power, today announced its financial results for the third quarter ended September 30, 2001. For the third quarter of 2001, Beacon Power reported a net loss of $7.6 million, or ($0.18) per share, compared with a net loss of $4.2 million in the third quarter of 2000, the latter being prior to Beacon Power`s initial public offering in November 2000. During the third quarter of 2001, Beacon invested $5.4 million in R&D, $2.3 million in SG&A and expensed depreciation of $0.3 million. As of September 30, 2001, Beacon Power had $40.9 million in cash and cash equivalents. ``We are making progress in our transition from a development-stage company to a position of industry leadership as a global producer of state-of-the-art flywheel systems,`` said Beacon Power President and Chief Executive Officer William E. Stanton. In the first three quarters we placed twelve 2kWh units into field trials. We installed the first two of our 2nd generation flywheels and electronics earlier this year at one of Verizon`s remote terminal sites. The flywheel systems are providing back up power for approximately 1,000 Verizon subscribers and are meeting their testing milestones. They represent Beacon`s final commercial-grade products, and their installation is the next step in an ongoing Verizon field trial, prior to an initial contract.`` ``During our first year as a development-stage, public company, the dynamics of our market have changed considerably,`` continued Stanton. ``Given the uncertainty in the economy, companies have less incentive and ability to consider new, alternative energy technologies and testing cycles have clearly lengthened. Our long-term market remains strong even as the challenges of moving to full-scale commercial production have increased. As a result, Beacon Power has implemented a reorganization of its workforce and has reduced headcount by 26 employees or approximately 25 percent. In taking these actions to reduce our burn rate, we have continued to ensure the availability of resources to effectively perform research and product development, manufacture anticipated sales volumes, and upgrade Beacon`s sales and marketing resources and activities. With this reorganization, we are managing to have sufficient cash on hand to fund our operations for the next 24 months. Reducing our staff was a very difficult decision and we deeply appreciate the contributions all our employees, past and present, have made to launching our innovative, proven technology.`` Stanton stated, ``The telecom market today is dominated by budget considerations rather than maintaining services. In response to this shift, Beacon Power is increasing its sales and marketing efforts, with four regional sales managers to lead an aggressive, hands-on sales effort.`` Comment on Third-quarter Operating Highlights For the quarter, Beacon Power shipped eight 2kWh units. The Company expects to ship an additional eight units by the end of the year, for a total of 20 units for the year and 27 units cumulative. In the third quarter the Company began shipping its next generation 2kWh system that features a simplified version of the flywheel containing fewer parts, which is easier to assemble and quicker to install as well as an advanced electronics package. Beacon Power recently announced the installation of a 2kWh flywheel system for Cox Communications. The unit will supply back-up power for telecommunications needs at Quonset Davisville, a 3,000-acre, world-class intermodal, industrial and commerce park located in North Kingstown, RI. Quonset Davisville has been designed by The Rhode Island Economic Development Corporation to meet the needs of the world`s largest companies. It has designated 850 acres for manufacturing and distribution industries, 514 acres for transportation and utilities, 40 acres for commercial and research and development office space, nine acres for a 150-room hotel and retail space and 204 acres for recreation. Beacon Power is ahead of schedule on its 6kWh units and expects to begin shipping beta units to customers during the fourth quarter of 2001 with commercial production planned to begin in the first quarter of 2002. Outlook Stanton concluded, ``We still see a large opportunity for energy flywheel systems, back-up power, distributed generation and power quality. With our on-going cost reduction programs, we expect to make significant progress in our move to commercialization of our technology.`` The Market Opportunity for Flywheel Energy Storage Systems The digital economy has created a burgeoning demand for reliable, high-quality electric power - what some analyst`s estimate as a $12 billion market. Beacon Power initially targeted the $4 billion communications segment of this market. The company`s family of Flywheel Energy Storage Systems is designed to replace the conventional lead-acid battery systems that today supply back-up power for broadband cable and telecom networks. Like battery backup systems, Beacon Power`s flywheel technology provides uninterruptible emergency power until the primary supply of electricity is restored. But, compared to lead-acid batteries, Beacon Power`s flywheel systems offer superior reliability, are insensitive to temperature fluctuations, have a lower life-cycle cost, and do not contain toxic materials or fluids. They also last much longer than batteries, require less maintenance and can be reliably monitored remotely via modem or the Internet |
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| aus der Diskussion: | DIE alternative Energiequelle, das FLYWHEEL-system ? |
| Autor (Datum des Eintrages): | circuit (03.11.01 16:40:06) |
| Beitrag: | 4 von 16 (ID:4788172) |
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