Ivorloss, One thought and that’s all it is, we know CFU have outside Aus Large partners in four Countries, in these Countries they have signed up a well established “boiler maker” and a utility company. The intention is to supply the “boiler maker” with the Gennex fuel cell stack, who integrates that into a high efficiency boiler, that’s then passed to the Utilities partner who then supplies their customers ( sorry if I’m stating the obvious here) The question, and if anyone’s going to the AGM you might want to ask it, is at what stage are the boiler makers at?? There’s two extremes, the truth laying somewhere between, these boiler makers now start to receive the Gennex units and set about designing and building a prototype unit, test it, have it approved (CE in Europe) etc. Or due to the fact they have all signed up as CFU’s partners several years back, CFU have already passed on full details of the Gennex fuel cell stack (shape, dimensions, weight, connections etc) and they already have designed and built the rest of the boiler and all they have to do is install the stack and go for approval, if the truth lays nearer the latter then it’s quite possible the German factory is already quite busy, though not with direct sales to Joe public, also if this is the case we might just see a early product launch in one of these Countries than we currently envisage, as in Q4 2010.
CFU Price at posting:
25.3¢ Sentiment: ST Buy Disclosure: Held
