Gillette kooperiert mit Mechanical Technology - 500 Beiträge pro Seite | Diskussion im Forum

[Nachrichten [wO]]

Von einer Kooperation mit dem Batterie-Hersteller Gillette Corp. profitiert heute die Aktie des Unternehmens von Mechanical Technology. Das Unternehmen ist ein Entwickler von Brennstoffzellen und wird zukünftig zusammen mit Gillette an der Entwicklung von Mikro-Brennstoffzellen arbeiten.

Zum Einsatz kommen sollen die Zellen in mobilen Geräten wie Handys, PDAs und Laptops.

Im Zuge der Zusammenarbeit hat sich Gillette mit 1 Mio. Dollar an Mechanical Technology beteiligt. Bei Erreichen verschiedener Meilensteine soll die Beteiligung auf 5 Mio. Dollar aufgestockt werden.

Der Aktienkurs von Mechanical Technology reagierte auf diese Meldung mit einem Plus von 38 Prozent auf 5,17 Dollar. Gillette gaben 2 Prozent auf 31,75 Dollar ab.

Wertpapiere des Artikels:
MECHANICAL TECH.INC. DL 1
GILLETTE CO. DL 1


Autor: SmartHouseMedia (© wallstreet:online AG / SmartHouse Media GmbH),19:35 22.09.2003

[Chlorophyll]

Ich staune weshalb niemand sonst über diesen Wert schreibt.
Kooperation mit Gilette und der Wert geht ab wie eine Rakete.
Alles bleibt still.Eigentlich schade. Ist denn wirklich niemand drin???

Glücklicherweise bin ich vor noch nicht langer in diesen Wert, wenn auch nur wenige Stücke, eingestiegen.
Nun diese Explosion.!

Hier die Meldungen:

On September 19, 2003, MTI MicroFuel Cells Inc. (MTI Micro), a subsidiary of Mechanical Technology Incorporated (MechTech), entered into a strategic alliance agreement with The Gillette Company (Gillette) whereby MTI Micro, Gillette and Gillette`s Duracell business unit will develop and commercialize complementary micro fuel cell products to power future mass market, high volume, portable consumer devices.

The agreement provides for a multi-year exclusive partnership for the design, development and commercialization of a low power direct methanol micro fuel cell power system and a compatible fuel refill system. As part of the strategic alliance, both MTI Micro and Gillette will share and license from each other certain intellectual property assets, and both have the ability to earn royalties. In addition, Gillette has made an initial $1 million investment in MTI Micro common stock, with the potential of an additional investment of $4 million subject to agreed milestones. MechTech has agreed to ensure funding to MTI Micro during the first two years of the agreement.

The agreement fulfills MTI Micro`s 2003 business milestone of forming a strategic partnership for the development of a fuel refill system and supports the company`s multi-generation product plan aimed at providing micro fuel cell products for the mass market in consumer electronics.

This description of the agreement and the related transactions contemplated thereby is not intended to be complete and is qualified in its entirety by the terms and conditions of the agreement itself, which MechTech intends to file as an exhibit to its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2003.
The stock (MKTY: news, chart, profile) leapt $1.09, or 29.1 percent, to $4.83 in recent trades. Earlier in the session, it ran to a 52-week high of $5.19. Volume of 821,000 shares traded was almost 20 times the issue`s daily average of 43,000.

Gillette (G: news, chart, profile) shares slipped 64 cents, or 2 percent, to $31.76 in afternoon dealings.

In a Form 8-K filing with the Securities and Exchange Commission, Albany, N.Y.-based Mechanical Technology said its majority-owned MTI MicroFuel Cells unit has agreed to work with Gillette`s Duracell battery products unit.

The companies plan to develop and commercialize complementary micro fuel cell products "to power future mass market, high volume, portable consumer devices."

On its Web site, Mechanical Technology said it`s developing the micro fuel cell products for use with wireless devices, such as mobile phones, personal digital assistants and laptop computers.

A spokesperson declined comment on the stock movement, and said the company would elaborate on the terms of the agreement when it files its Form 10-Q for the September quarter with the SEC in the near future.

Specific to this agreement, the partners will focus upon development and commercialization of a low power direct methanol micro fuel cell power system and a compatible refill system. The companies will share and license intellectual property assets from each other, and both parties will be able to earn royalties.

As part of the agreement, Gillette made an initial investment of $1 million in MTI MicroFuel common stock. Additional investment of $4 million by Gillette is contingent upon reaching certain milestones.

Mechanical Technology, which is also majority owner of a precision instruments manufacturing business, will ensure funding for MTI MicroFuel during the first two years of the deal.

On Aug. 13, Mechanical Technology reported a loss of $386,000, or a penny per share, on revenue of $2 million. Revenue broke down to $1.42 million from the instruments business, and $590,000 in funded research and development from MTI MicroFuel.

In the same period a year earlier, the company lost $5.96 million, or 17 cents per share, on revenue of $1.98 million. The year-ago results include a charge of $4.37 million related to Mechanical Technology`s proportionate share of losses in equity holdings. The company has stakes in Plug Power (PLUG: news, chart, profile), SatCon Technology (SATC: news, chart, profile), and Beacon Power (BCON: news, chart, profile).

Michael Baron is a reporter for CBS.MarketWatch.com based in New York.