Ann: Technology Update, page-7

ozblue,
then let me give you some advise you may appreciate. Go away and invest elsewhere and reframe from your down ramping.

the 460 units so far installed is no so bad IMO considering the cost of the units and the lack of any large (1000s of units) orders in place. All CFU shareholders and other competitors are waiting for this to happen to bring the price down through volume manufacturing. So the price reductions CFU are starting to implement will flow through on reduced pricing over time and volume.

There is no need for CFU to replace existing stacks for a few more years. I think currently the life is around 4-5 years so when the time comes these current units can have their stack replaced with the latest stack available and will benefit from the product improvements. You know all products go through a lifecycle improvement cycle, i.e. combustion engine. The new stacks will extend the replacement time, therefore reducing replacement costs so a win win.

The millions of dollars wasted you refer to are made up of gain opportunity (i.e. improved product through dev) and lost opportunity (i.e. failed marketing strategies). I agree that sales strategy could have been better but most of the money has gone into R&D and enabling the commercialisation so not a waste in my eyes.

What we really need is some security on providing volume product to turn the SP around. To do this the energy revolution underway needs to pick up so more deterministic low emission capacity (i.e. CHP) can be installed to ensure wind and solar can stand on their own without coal/nuclear.

I still back this company and look forward to some of those announcement we are all waiting for.

Cheers
SynQuasi