DCH-TECHNOLOGIE ===> 5000 % und MEHR sind drin ! - 500 Beiträge pro Seite

[liebemachtblind]

Warum ?
Keine Ahnung

MfG
Andy

[liebemachtblind]

naja
evtl. weil ich mal **stink reich*** mit dieser aktie geworden bin.

kauf bei 0,30 verkauf bei 15,5
von oktober 99 bis märz 2000

andy

[Future2005]

Aus dem Yahoo-Board:

I`d like to see...
by: retiringsoon53188
Long-Term Sentiment: Buy 07/25/02 03:53 pm
Msg: 4727 of 4727

DCH get together with Beacon Power to develop an environmentally friendly UPS system. Beacon`s 2 to 6 Kw flywheel power system seems perfectly sized for DCH`s fuel cells.

Beacon is currently developing a turbine/flywheel UPS product, but I think a fuel cell hybrid is a better option. It could be sited without worrying about the toxic emissions from the turbine, and the remote monitoring capability of the flywheel could be expanded to monitor the fuel cell too!



Don`t be fooled!!
by: h20schinsky (39/M/New Yoik)
Long-Term Sentiment: Strong Buy 07/25/02 08:01 am
Msg: 4723 of 4727

Remember: This company is on to something REALLY REALLY BIG and the recent share price drop is just a RUSE to flush out WEAK HANDS who don`t know about DCH`s perpetual-motion style pseudo-terrestrial-hydrogen-generating water-burning fuiiel cells!!!

BUY BUY BUY

[Future2005]

Thread: DCH Technology

[liebemachtblind]

AUSBRUCH

Ziel 1: 0,50

andy

[liebemachtblind]

look

http://www.dcht.com/index2.asp#Newport



DCH Technology is a world leader in
hydrogen technology.

Our sensors and safety systems provide real time
monitoring of hydrogen gas for industry and our
fuel cell products provide clean and reliable power
from hydrogen. These complimentary strengths
have propelled us into a powerful position.

We produce reliable, state-of-the-art products and
are leading the charge toward a hydrogen economy.

Hydrogen is the future. We can sense it!


--------------------------------------------------------------------------------

Our recent accomplishments:

May 15, 2002
DCH Ships 5kW Fuel Cell to Con Edison for Testing, Customer Evaluations
May 14, 2002
DCH Receives Patent for New Technology Increasing Fuel Cell Power Density
May 14, 2002
CEO Comments on DCH First Quarter 2002 Results
April 11, 2002
Contract Launches DCH H2SCANTM Sensor in Semiconductor Market
March 29, 2002
DCH Technology Announces 2001 Year End Results
March 27, 2002
DCH Receives Key Sensors Order From Major Defense Contractor
March 19, 2002
DCH Ships 5kW Fuel Cell To Global Natural Gas Utility
February 26, 2002
DCH Adds Malhotra To New Management Team
February 14, 2002
DCH Extends Deadline on Proxy for Shares, Options
February 8, 2002
DCH Announces Retirement of Chairman David Haberman
February 7, 2002
State of Pennsylvania Purchases DCH Remote Power Fuel Cells
January 23, 2002
Contract Opens Major New Market to DCH Hydrogen Sensors
January 17, 2002
DCH Outlines Projections, Business Strategy for 2002
January 7, 2002
DCH Ships 5kW Fuel Cell System to Major European Utility
January 3, 2002
DCH Ships 5kW Fuel Cell System to HARC
December 21, 2001
DCH Hydrogen Sensor System Validated for Military Applications
December 14, 2001
DCH Comments On Recent Stock Activity
December 11, 2001
Brazil Selects DCH to Present at National Alternative Energy Forum
November 14, 2001
DCH Fuel Cell Selected To Power Building at Ft. Jackson Army Base
November 13, 2001
DCH Technology Announces 2001 Third Quarter Results
November 8, 2001
DCH Fuel Cells to Provide Power to Brooks Air Force Base
October 17, 2001
DCH Fuel Cell Water Taxi Demos Draw Key Riders, Multimedia Press
October 15, 2001
DCH Retains Leading Investor Relations Firm FRB
October 5, 2001
DCH Completes Sale/Leaseback of Rockefeller Building
September 21, 2001
L-3 Communications Selects DCH to Develop Military Sensor System
August 31, 2001
CARB Funds, Duffy Hosts, QUANTUM Technologies Assists Demo of DCH Fuel Cell Water Taxi
August 30, 2001
DCH Receives Order For Additional Sensors for Semiconductor Applications
August 29, 2001
DCH Receives Funding Commitment
August 23, 2001
DCH Delivers 5kW Fuel Cell To UOP for System Development for French Utility
August 8, 2001
DCH NeWaveTM Joint Venture Records First Fuel Cell Sales In Japan
July 24, 2001
DCH Receives Contract
for 10 Remote Fuel Cell Power Systems
July 18, 2001
DCH Receives Order For 5 kW Fuel Cell with Natural Gas Reformer
June 27, 2001
DCH Unveils New Higher-Power Portable Fuel Cell Platform
June 19, 2001
Unocal Funds Second Phase of Texas’ Application Of DCH Fuel Cell
June 5, 2001
ZAP Forms Fuel Cell Partnership with DCH Technology Subsidiary
May 21, 2001
SunLine To Showcase, Distribute, and Sell DCH Hydrogen Sensors
May 15, 2001
DCH Fuel Cells To Power MeteoStar Systems for Environmental, Military Markets
April 5, 2001
State Demonstrates “Energy Of The Future - TNRCC, Senator Brown Host First Public Demonstration of Hydrogen Fuel Cell

[pcy]

Guten Abend Andy!

Das sieht ja nach einer perfekten Startrampe aus, gell!!!
600-1000% wenn ich das richtig beurteile.
Wo ist der Haken an der Sache?

Gruss Percy

[Future2005]

@andy

Biste schon groß investiert?



Auch eine Kooperation bzw. Übernahme durch H Power wurde in den US-Boards schon diskutiert!


Vielleicht kommt´s ja auch so wie bei Calypte, dass man doch noch einen Investor findet, der das nötige Geld zur Verfügung stellt!? Dann sehen wir die 0,5-0,7 ganz schnell wieder!

Aktuell: 0,09$ +0,02 +28,57%

[Future2005]

52 week high: $ 1.73 52 week low: $ 0.05

Total Shares Outstanding: 36,057,000

Market Cap: $ 3,245,130

[liebemachtblind]

3,5 Mio ist ja das haus wert :-)

andy

[Future2005]

0,08$ -0,01 -11,11%

[Future2005]

0,08 +0,00 +0,00%

[Future2005]

0,09 +0,01 +12,50%

[liebemachtblind]

ballard mit super zahlen
gruß
andy

[Future2005]

DCH will instead pursue immediate quotation of its common stock on the OTCBB.


Brennstoffzellenwert an der OTCBB!


0,09 +0,00 +0,00%

[liebemachtblind]

webasto sucht noch einen entwichlungspartner
DCH oder sogar rhombic ?




gruß
andy

[Future2005]

0,08 +0,01 +14,29% 14.942,00$ 21:27/09.08.

[Kastor]

Jetzt ein kauf??

Was macht diese firma eigentlich?
Hydrogen ???
Für welche Zwecke wird das Zeugs gebraucht?

Eigentlich egal werd mir welche kaufen weis aber
nicht warum



Kastor

[Future2005]

0,07 -0,01 -12,50% 6.970,00 21:54/12.08.

[Future2005]

Sind glaub ich ab heute an der OTC gelistet: Kürzel DCHT
Hab ich in einem US-Board gelesen!

[Future2005]

0,09$ +28,57%

[Future2005]

Effective August 14, 2002, the Company`s stock will trade on the Over the Counter Bulletin Board under the symbol "DCHT"

[Tryryche]

Hallo Dch-ler,

die letzten Besitzer können nun wieder unter dem alten Kürzel einkaufen gehen. Leider sehe ich nicht recht, wie die Firma überhaupt noch irgendetwas unternehmen möchte. Das Einzige, was relativ risikoarm ist, wäre 1000 Aktien zu kaufen und zu HOFFEN, dass irgendwann der Kurs anfängt zu steigen. Ich betone, dass Investieren in diesen Wert ist mit Sicherheit völlig sinnlos, da kein produzierendes Gewerbe dahintersteht. Der Geschäftsbetrieb wurde m. E. eingestellt.

Gruß an alle verbliebenen DCH Aktionäre

[marterpfahl]

Folgende sehr ausführliche und offen-ehrliche Stellungnahme des Managments zur gegenwärtigen Katstrophenlage der Firma habe ich in Yahoo gefunden:

August 19, 2002

DCH TECHNOLOGY INC (DCH)
Quarterly Report (SEC form 10QSB)
ITEM 2. MANAGEMENT`S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND
RESULTS OF OPERATIONS.


THIS REPORT CONTAINS FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF

SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934. THESE STATEMENTS INCLUDE,

WITHOUT LIMITATION, STATEMENTS ABOUT OUR EXPECTATIONS, BELIEFS, INTENTIONS OR

FUTURE STRATEGIES THAT ARE SIGNIFIED BY THE WORDS "EXPECTS", "ANTICIPATES",

"INTENDS", "BELIEVES", OR SIMILAR LANGUAGE. THESE FORWARD-LOOKING STATEMENTS

INVOLVE RISKS, UNCERTAINTIES AND OTHER FACTORS. ALL FORWARD-LOOKING STATEMENTS

INCLUDED IN THIS DOCUMENT ARE BASED ON INFORMATION AVAILABLE TO US ON THE DATE

HEREOF AND SPEAK ONLY AS OF THE DATE HEREOF. THE FACTORS DISCUSSED

BELOW UNDER "FORWARD-LOOKING STATEMENTS" AND ELSEWHERE IN THIS FORM 10-QSB ARE

AMONG THOSE FACTORS THAT IN SOME CASES HAVE AFFECTED OUR RESULTS AND COULD CAUSE

THE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED IN THE

FORWARD-LOOKING STATEMENTS.


The following discussion should be read in conjunction with the condensed consolidated financial statements and notes thereto.

General -

DCH (Diversified Commercial Hydrogen) Technology, Inc. (DCH) has been engaged since 1995 in the acquisition, development, and commercialization of hydrogen-based technologies.

We have focused on hydrogen-specific gas sensors through our wholly-owned subsidiary DCH Sensors, Inc. and hydrogen-based proton exchange membrane (PEM) fuel cells through our wholly-owned subsidiary Enable Fuel Cell Corporation. We have also provided hydrogen safety services through our Center for Hydrogen Safety LLC.

In the quarter ended June 30, 2002, our financial condition remained challenging. Since June 30, 2002, it has continued to deteriorate. Throughout the period, and as of the date of filing of this Quarterly Report, we have been experiencing a very severe cash shortfall. We have attempted to meet this challenge in several ways. In June 2002, we furloughed substantially all of our employees. We undertook diligent efforts to find a strategic investor or partner, but to date have not reached any agreement or understanding with any such party. We have solicited and are currently negotiating offers to purchase our existing subsidiaries; however, to date no such transaction has been consummated. All of these efforts have been made more challenging by the economic downturn in the sensor and fuel cell markets as well as the United States economy in general. In the event that we cannot secure sufficient working capital in the next few weeks through the sale of one or more subsidiaries, location of a strategic partner or investor, or otherwise, we will be required to pursue certain strategic options including but not limited to ceasing operations.

Effective August 15, 2002, our common stock was delisted for trading on the American Stock Exchange. It is now traded on the Over-the-Counter Bulletin Board under the symbol "DCHT."

Hydrogen Sensors - During the three-month period ending June 30, 2002, we shipped $184,741 worth of hydrogen sensors. Since mid June, we have operated with a much-reduced staff and a minimal operation designed to satisfy existing customer orders.

Fuel Cells

During the three-month period ending June 30, 2002, we shipped one 5kW fuel cell on May 14, 2002 to a major east coast utility. In mid-une 2002, we curtailed all operations at our Enable Fuel Cell Corporation.


Center for Hydrogen Safety (CHS)

During the three-month period ending June 30, 2002, there were no activities at the Center for Hydrogen Safety.

Results of Operations

Three and Six Months Ended June 30, 2002, Compared With Three and Six Months Ended June 30, 2001

In the three months ended June 30, 2002, we had sales of $192,441 compared to sales of $231,525 for the three months ended June 30, 2001. Our sales for the six months ended June 30, 2002 equaled $404,451 compared to sales of $420,276 for the comparable period in 2002. The lower sales for the three- and six-month periods in 2002 primarily reflected a general slowdown in hydrogen related equipment and DCH`s own difficult working capital position.

The cost of products sold was $434,868 for the three months ended June 30, 2002 as compared to $121,224 for the three months ended June 30, 2001, and $629,945 for the six months ended June 30, 2002 as compared to $224,420 for the six months ended June 30, 2001. Included in cost of goods sold is a writedown of inventory in the amount of $316,407. Due to various economic factor described herein, management determined that the carrying value of inventory as of June 30, 2002 is not likely to be realized in the normal course of business, and therefore, inventory was adjusted to estimated net realizable value during the quarter ended June 30, 2002.

We incurred $959,441 in selling, general and administrative expenses for the three months ended June 30 2002, compared to $1,770,951 for the three months ended June 30, 2001. Our selling, general and administrative expenses for the six months ended June 30, 2002 equaled $2,126,451 compared to $4,069,050 for the six months ended June 30, 2001. Selling, general and administrative expense for the period ended June 30, 2002 includes a writeoff of prepaid expenses of $255,411. These prepaid amounts pertained to a three-year consulting contract initiated in fiscal 2001, and to prepaid rent. During the quarter ended June 30, 2002, management determined that it was unlikely that this contract, or the prepaid rent, would provide future benefit to DCH, and therefore, the amount was charged to operations. Included in selling, general and administrative expenses for the three and six months ended June 30, 2002 was $17,677 and $218,412, respectively, of expense related to the issuance of fully vested options to purchase 167,456 and 1,053,216 shares of stock, respectively, to employees and consultants in lieu of cash compensation. We issued the fully vested options in order to conserve cash for our operations.

Depreciation and amortization increased to $321,566 for the three months ended June 30, 2002, compared to $105,890 for the three months ended June 30, 2001, and increased to $377,093 for the six months ended June 30, 2002 compared to $203,088 for the comparable period in 2001. Depreciation and amortization includes a charge of $200,000 made during the quarter ended June 30, 2002. Due to the curtailment of the operations of our fuel cell division, and due to the general economic environment and financial condition of DCH, management has determined that the value of property, plant and equipment has been impaired. Accordingly, a charge to reduce the carrying value of property, plant and equipment to estimated fair value has been made during the period ended June 30, 2002.

We expended a total of $409,078 on research and development during the three months ended June 30, 2002, compared to expenditures of $581,884 for the three months ended June 30, 2001. Research and development expenses equaled $693,642 for the six months ended June 30, 2002, compared to $1,376,593 for the six months ended June 30, 2001. The decreases in 2002 in research and development expenses reflected a greater focus on the commercialization and production of products, especially for our fuel cell operation.


Due primarily to these factors, we incurred a loss from operations of $1,932,512 for the three months ended June 30, 2002, compared to an operating loss of $2,348,424 for the three months ended June 30, 2001, and an operating loss of $3,422,680 for the six months ended June 30, 2002, compared to a loss from operations of $5,452,875 for the six months ended June 30, 2001. DCH had 36,126,683 weighted average common shares outstanding for the three months ended June 30, 2002, as compared to 28,889,286 weighted average common shares outstanding for the comparable period in 2001, and 34,891,812 weighted average common shares outstanding for the six months ended June 30, 2002, compared to 28,238,191 weighted average common shares outstanding for the comparable period in 2001. Our net loss per share decreased to $0.05 per share for the three months ended June 30, 2002, as compared to a loss of $0.08 per share for the comparable period in 2001, and decreased to $0.10 per share for the six months ended June 30, 2002, as compared to a net loss per share of $0.19 for the six months ended June 30, 2001.


Liquidity and Capital Resources

DCH generated a total of $1,549,205 in net cash from financing activities for the six months ended June 30, 2002, as compared to $3,296,388 during the comparable six months in 2001. Substantially all of the financing activities for the six months ended June 30, 2002 consisted of equity financings, supplemented by proceeds from the exercise of options and warrants.

We utilized $2,016,485 of net cash for operating activities in the six months ended June 30, 2002, compared to $3,107,892 for the comparable period in 2001. The decrease in net cash used for operating activities was primarily related to cost reductions and curtailment of operating activities. We received $132,237 of net cash in investing activities in the six months ended June 30, 2002, compared to the expenditure of $111,143 of net cash for investing activities in the six months ended June 30, 2001. The majority of the funds received during the first six months of 2002 represent proceeds from sale of our investment in CryoFuel Systems, Inc., a privately held company, and from deposits made for the purchase and lease of equipment.

At June 30, 2002, we had $21,237 in cash, compared to $356,281 in cash at December 31, 2001. We also had accounts receivable (net of allowances) of $103,663 at June 30, 2002, compared to accounts receivable of $230,192 at December 31, 2001. Investment in inventory totaled $316,407 at June 30, 2002 compared to $528,442 at December 31, 2001. The decrease in inventory is a result of management`s decision to reduce inventory values as discussed above.

At June 30, 2002 DCH had accounts payable of $570,736, compared to accounts payable of $469,292 at December 31, 2001, reflecting our difficult working capital position. Our accrued compensation increased to $320,193 at June 30, 2002 from $212,919 at December 31, 2001, as management elected to defer salaries in consideration of our cash requirements. We had unearned revenue of $75,000 at June 30, 2002. These funds represent deposits and advance payments received from customers for fuel cells currently being manufactured and due to be delivered to customers before the end of 2002.

In the quarter ended June 30, 2002, our financial condition remained challenging. Since June 30, 2002, it has continued to deteriorate. Throughout the period, and as of the date of filing of this Quarterly Report, we have been experiencing a very severe cash shortfall. We have attempted to meet this challenge in several ways. In June 2002, we furloughed substantially all of our employees. We undertook diligent efforts to find a strategic investor or partner, but to date have not reached any agreement or understanding with any such party. We have solicited and are currently negotiating offers to purchase our existing subsidiaries; however, to date no such transaction has been consummated. All of these efforts have been made more challenging by the economic downturn in the sensor and fuel cell markets as well as the United States economy in general. In the event that we cannot secure sufficient working capital in the next few weeks through the sale of one or more subsidiaries, location of a strategic partner or investor, or otherwise, we will be required to pursue certain strategic options including but not limited to ceasing operations.


Subsequent Events

On July 9 the Board of Directors of DCH approved and directed the company to seek buyers for both the Enable Fuel Cell Corporation and DCH Sensors, Inc. in a competitive process. This action was taken by the Board as a result of our very challenging financial and cash position. Management is in detailed negotiations with a potential buyer for our sensor subsidiary and still seeking offers for Enable. The difficult cash position of DCH and the present economic climate present a very difficult position for us, and our Board of Directors will continually monitor the issues and take action as needed.

Forward-Looking Statements -

The forward-looking statements contained in this Quarterly Report on Form 10-QSB are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward-looking statements. Included among the important risks, uncertainties and other factors are those discussed below.


RISKS RELATED TO DCH`S OPERATIONS



WE ARE IN IMMEDIATE NEED OF ADDITIONAL CAPITAL.


We are currently experiencing a very severe cash shortfall. We have been seeking a strategic investor or partner, but to date have not reached any agreement or understanding with any such party. We have solicited and are currently negotiating offers to purchase our existing subsidiaries; however, to date no such transaction has been consummated. We obtained the majority of our capital during the first quarter of 2002 from the sale of equity securities, but do not currently have free-trading shares available for public sales under a registration statement. We may from time to time raise funds from private placements of equity or debt securities; however, we currently have not entered into any agreement or other understanding regarding any private placements. Obtaining capital has been, and will continue to be, extremely challenging in a difficult environment, due to the economic downturn in the sensor and fuel cell markets, as well as the United States economy in general. In the event that we cannot secure sufficient working capital in the next few weeks through the sale of one or more subsidiaries, location of a strategic partner or investor, or otherwise, we will be required to pursue certain strategic options including but not limited to ceasing operations.


WE HAVE A HISTORY OF LOSSES, AND WE EXPECT LOSSES FOR THE NEXT TWO FISCAL YEARS;

WE MAY NOT BE ABLE TO CONTINUE AS A GOING CONCERN.


Since our inception in November 1994, we have incurred substantial losses. Our comprehensive net loss equaled $1,951,511 for the three months ended June 30, 2002. For the year ended December 31, 2001, we had a comprehensive net loss of $9,935,119. We had an accumulated deficit of $29,639,825 at June 30, 2002.

We anticipate that in the event we continue operations, of which there can be no assurance, our expenses relating to developing, marketing and supporting our current and future products will increase substantially in the future. Accordingly, for the next two fiscal years, we expect to experience additional losses as these increased expenses exceed our total revenues. These additional losses will increase our accumulated deficit.

These conditions give rise to substantial doubt about our ability to continue as a going concern. Our financial statements do not include adjustments relating to the recoverability and classification of reported asset amounts or the amount and classification of liabilities that might be necessary should we be unable to continue as a going concern. Our continuation as a going concern is dependent upon our ability to obtain additional financing from the sale of our common stock, as may be required, and ultimately to attain profitability.



WE MAY BE UNABLE TO NEGOTIATE RENEWALS OF CERTAIN COOPERATIVE RESEARCH AND

DEVELOPMENT AGREEMENTS (CRADA`S) AND TECHNOLOGY LICENSES UPON WHICH WE RELY.


We license patented technologies from other parties in order to develop and commercialize products based on those technologies. In order to develop, commercialize, manufacture and sell our products, we rely upon our ability to enter into agreements such as the LANL CRADA which permits us to exploit the technology underlying our PEM fuel cell. There is no guarantee that we will be able to negotiate renewals of this or other CRADA`s or license agreements upon which we rely.


ECONOMIC, POLITICAL OR MARKET CONDITIONS COULD IMPACT OUR BUSINESS AND CAUSE OUR

REVENUE TO BE LOWER THAN ANTICIPATED.


Our business may be sensitive to general economic conditions. A reduced level of economic and manufacturing activity in the United States due to the current economic slowdown, terrorist activity or the threat of such activity, or otherwise may significantly and adversely affect the demand for hydrogen sensors and alternative energy sources such as fuel cells. A recession could cause our customers to reduce or postpone their purchases, which could cause our revenue to be lower than anticipated and negatively affect our business.


FUEL CELL TECHNOLOGIES ARE NEW AND EVOLVING TECHNOLOGIES, COMPETE WITH OTHER

METHODS OF ENERGY GENERATION, AND MAY NOT RECEIVE WIDESPREAD ACCEPTANCE.


Fuel cell technologies are in their very early stages of commercialization. Like many new technologies, they are characterized by rapidly evolving technological developments, quickly changing marketing and sales strategies, multiple and aggressive market participants, fluctuating demand and uncertain market acceptance for products and services.

Businesses and consumers remain uneducated about the benefits of alternative fuel sources. This lack of knowledge may delay the acceptance and penetration of our fuel cell products into markets that have historically been served by traditional fuel sources. Businesses and consumers also have the option of using other methods of alternative fuel generation, including carbonate, phosphoric acid, polymer electrolyte or solid oxide fuel cell systems, as well as traditional fossil fuels such as oil and gasoline. These methods may maintain or even increase their acceptance, to the detriment of our hydrogen fuel cell technology.


WE MAY NOT BE ABLE TO COMPETE EFFECTIVELY IN THE HYDROGEN SENSOR AND FUEL CELL

MARKETS.


We compete in both the hydrogen sensor and fuel cell markets. We may not be able to compete successfully against current and future competitors in our markets. The markets in which we are engaged are new, rapidly evolving and intensely competitive, and we expect competition to intensify further in the future both from existing competitors and new market entrants. We believe that our ability to compete depends on many factors both within and beyond our control, including:

- the ease of use, performance, features, price and reliability of our solutions as compared to those of our competitors; - the timing and market acceptance of new solutions and enhancements to existing solutions developed by us and our competitors; - the quality of our customer service and support; and - the effectiveness of our sales and marketing efforts.


Many of our current and potential competitors are likely to enjoy substantial competitive advantages, including:

- longer operating histories; - greater name recognition; - more extensive customer bases; and - cooperative relationships among themselves or with third parties to enhance their products.

Increased competition is likely to result in price reductions, reduced gross margins and loss of market share, any one of which could impair our finances and business prospects. We cannot assure you that we will be able to compete successfully against existing or potential competitors or that competitive pressures will not materially impair our finances or business prospects.

The markets for our products are at a very early stage of commercialization, are rapidly changing and are characterized by an increasing number of market entrants. As is typical for a new and rapidly evolving industry, demand for and market acceptance of recently introduced products are subject to a high level of uncertainty and risk. Acceptance and usage of our fuel cells is dependent on continued growth in use of alternative energy sources by businesses and consumers. Businesses that already have invested substantial resources in traditional or other energy sources may be reluctant to adopt new alternative sources. Individuals with established patterns of purchasing goods and services may be reluctant to alter those patterns. Accordingly, it is not assured that sufficient demand for our products will develop to sustain our business.


THE LOSS OF THE SERVICES OF ONE OR MORE OF OUR KEY PERSONNEL OR OUR FAILURE TO

HIRE, INTEGRATE OR RETAIN OTHER QUALIFIED PERSONNEL COULD DISRUPT OUR BUSINESS.


We depend upon the continued services and performance of our executive officers and other key employees, particularly John Donohue, our President and Chief Executive Officer, Ronald Ilsley, our Chief Financial Officer, and Dr. Johan (Hans) Friedericy, our Chief Operating Officer. We do not currently carry "key person" insurance on Messrs. Donohue, Friedericy or Ilsley. Competition for qualified personnel in technology, particularly in the fuel cell industry, is intense and we may not be able to retain or hire necessary personnel as a result of the highly specialized nature of our products. In addition, the amount of our limited working capital may impose compensation restrictions on us that make it difficult to attract and hire necessary employees.


WE MAY NOT BE ABLE TO PROTECT OUR INTELLECTUAL PROPERTY.


We regard the protection of our copyrights, service marks, trademarks, trade dress and trade secrets as critical to our future success and rely on a combination of copyright, trademark, service mark and trade secret laws and contractual restrictions to establish and protect our proprietary rights in products and services. If the protection of our trademarks and proprietary rights is inadequate, our brand and reputation could be impaired and we could lose customers.

We have entered into confidentiality and invention assignment agreements with our employees and contractors, and nondisclosure agreements with our suppliers and strategic partners in order to limit access to and disclosure of our proprietary information. There can be no assurance that these contractual arrangements or the other steps taken by us to protect our intellectual property will prove sufficient to prevent misappropriation of our technology or to deter independent third-party development of similar technologies.


In addition, litigation may be necessary in the future to enforce our intellectual property rights, to protect our trade secrets, to determine the validity and scope of the proprietary rights of others, or to defend against claims of infringement or invalidity. Because laws protecting certain ownership rights in hydrogen sensor and hydrogen fuel cell products are uncertain and still evolving, we cannot give you any assurance about the future viability or value of any of our current technology ownership rights. Such litigation, whether successful or unsuccessful, could have a material and adverse effect on our business, results of operations or financial condition.

While we intend to pursue registration of our trademarks and service marks in the U.S. and internationally, effective trademark, service mark, copyright and trade secret protection may not be available in every country in which our services are made available online. We do not currently own any patented technology registered with the United States Patent and Trademark Office.

Although we do not believe that we infringe the proprietary rights of third parties, there can be no assurance that third parties will not claim infringement by us with respect to past, current or future technologies. We expect that participants in our markets will be increasingly subject to infringement claims as the number of services and competitors in our industry segments grow. Any such claim, whether meritorious or not, could be time-consuming, result in costly litigation, cause service upgrade delays or require us to enter into royalty or licensing agreements. Such royalty or licensing agreements might not be available on terms acceptable to us or at all. As a result, any such claim could have a material adverse effect upon our business, results of operations and financial condition.


GOVERNMENTAL REGULATION OF HYDROGEN FUEL CELL AND HYDROGEN SENSOR TECHNOLOGY

MAY RESTRICT OUR BUSINESS.


Government regulation of the use of hydrogen for industrial applications and fuel cell generation varies greatly from country to country. There is some risk that the United States and other countries will increase their regulation of these technologies in the future. As our products are utilized solely in connection with hydrogen, any new law or regulation pertaining to the commercial use of hydrogen, or the application or interpretation of existing laws, could adversely impact our sales, increase our cost of doing business or otherwise have a material and adverse effect on our business, results of operations and financial condition.

DCH and our future hydrogen fuel cell manufacturing facilities will also be subject to various federal, state and local laws and regulations relating to land use, safe working conditions, handling and disposal of hazardous and potentially hazardous substances and emissions of pollutants into the atmosphere. We believe that we have obtained all necessary government permits and have been in substantial compliance with all of these applicable laws and regulations.

Since 1991, the National Environmental Protection Act (NEPA) has required that each local Department of Energy procurement office file and have approved by the Department of Energy in Washington, DC, appropriate documentation for environmental, safety and health impacts with respect to procurement contracts entered into by that local office. The costs associated with compliance with environmental regulations may or may not be recovered under existing or future contracts to which we are a party. In addition, contract work may be delayed until such approval is received.


PRODUCT DEFECTS AND PRODUCT LIABILITY CLAIMS RELATED TO OUR HYDROGEN SENSORS AND

HYDROGEN FUEL CELL PRODUCTS COULD EXPOSE US TO SIGNIFICANT LIABILITY.


Although we test our products extensively prior to introduction, we cannot assure you that our testing will detect all serious defects, errors and performance problems prior to commercial release of our future sensor and fuel cell products. Any future defects, errors or performance problems discovered


after commercial release could result in the diversion of scarce resources away from customer service and product development, lost revenues or delays in customer acceptance of our products and damage to our reputation, which, in each case, could have a material and adverse effect on our business, results of operations or financial condition.


We have not experienced any product liability claims to date, but we may be subject to such claims in the future. A product liability claim brought against us could have a material and adverse effect on our business, results of operations or financial condition.



WE ARE HEAVILY RELIANT ON THIRD PARTIES FOR CERTAIN COMPONENTS AND ANY DELAYS,

DEFECTS OR OTHER PROBLEMS IN SUPPLYING THESE COMPONENTS COULD ADVERSELY AFFECT

OUR BUSINESS.


We are heavily reliant on the ability of Corlund Electronics to manufacture the electronic circuit boards for our Robust Hydrogen Sensor(TM). Sensor casing and other hardware are fabricated by various small manufacturers. WR Gore Inc. is our preferred supplier of fuel cell membranes, however we continue to evaluate other sources. Measurement Systems manufactures silicon wafers containing our individual sensor chips. Although delays in the shipment and receipt of our component parts may occur, historically we have experienced only those delays that tend to occur in the normal course of business.

Growth in the volume of orders for our products may strain the capacity of these component suppliers, and delays or other problems with component suppliers could have a material and adverse effect on our business. Although we test the component parts that we receive from our suppliers, we cannot be assured that our components will be completely free of all defects.


SOME OF THE INFORMATION IN THIS QUARTERLY REPORT ON FORM 10-QSB CONTAINS

FORWARD-LOOKING STATEMENTS.


Some of the information in this Quarterly Report on Form 10-QSB contains forward-looking statements that involve risks and uncertainties. You can identify these statements by forward-looking words such as "may", "will", "expect", "anticipate", "believe", "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they:

- discuss our expectations about our future performance; - contain projections of our future operating results or of our future financial condition; or - state other "forward-looking" information.

We believe it is important to communicate our expectations to our stockholders. There may be events in the future, however, that we are not able to predict accurately or over which we have no control. The risk factors listed in this section, as well as any cautionary language in this Quarterly Report, provide examples of risks, uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. You should be aware that the occurrence of any of the events described in these risk factors and elsewhere in this Quarterly Report could have a material and adverse effect on our business, results of operations and financial condition.




Insgesamt überwiegen die Risiken, klar, aber bei den Produkten der Firma für den Wasserstoff-Zukunftsmarkt gibt es auch Chancen! (Investoren? Übernahmen?)

mfg und viel glück, marterpfahl

[lok]

Weiß irgendjemand was neues????
Gehandelt wird ja wohl immer noch damit, wenn auch mit minimalsten Umsätzen.
Gruß
lok

[aktienkontrolle]

ich bleib drin. ist eh schon egal.
aber die wasserstoffgeschichte läuft irgendwann an und dann geht es ab