Ann: Rights Issue Prospectus, page-43

Maan,
I've been following the development of the technology for over 20 years, and was looking forward to the first fuel cells able to be used by the public in a variety of ways. Even before The BluGen was released the company had all these high hopes and promises.
I can clearly remember when the MD at the time stated that the first product, before we knew it as the BlueGen would cost about $8k for a 2kwh fuel cell/generator. I thought it was a crazily too high a price. Then a few months later when they released it, it was $45k. It was and is just too expensive.

The technology is good and has it's applications, but CFU basically took on solar with their product, the problem being solar prices crashed, BlueGen prices didn't. In 5, 10, 20 years fuel cells will be used in more and more applications, but my opinion is CFU won't be part of it. They bet on the BlueGen and lost.