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organizations as National Renewable Energy Lab, Desert Research Institute, Simon Fraser University, Los Alamos National Laboratory, & Westinghouse, DCHT is pursuing environmentally safe, more efficient technologies. Business Hydrogen sensors have application in such industries as aerospace, chemical production, pharmaceutical, food processing, glass, medical, gasoline refineries, semiconductors, power generation, waste containment, & hundreds of others. DCHT's Robust Hydrogen Sensor (management projects $105 million in sales, $26 million in profits over the next five years) is the core unit of three products now on the market:
DCHT also manufactures gas detectors & process monitors, as well as its hydrogen fuel cells. It provides the safety systems necessary for the emerging hydrogen energy industry. U.S. hydrogen sales have grown at an average annual rate of more than 25% during 1993-1997. Hydrogen requires monitoring & measuring of its fluctuating levels to insure safety. DCHT's sensor is equipped to monitor variations in levels of hydrogen in extreme industrial environments. DCHT's hydrogen powered fuel cell is now in limited production & should be ready to begin worldwide distribution late 1999. It represents a giant leap forward in alternative clean energy sources. While powering cars has huge potential, the use in such lower power applications as replacing rechargeable batteries, small two-stroke engines, boats, & motor bikes is interesting, because the smaller fuel cells will be ready for broad commercialization sooner. Hydrogen fuel cells are environmentally clean because you feed hydrogen to the fuel cell, and three things come out: electricity, heat, & water vapor. The electricity is what will power vehicles -- the heat will actually make the process more efficient -- & the water vapor certainly does not hurt the environment. DCHT is in an enviable position. It can supply both hydrogen fuel cells to power vehicles, & hydrogen sens-ing/monitoring equipment to make the use of fuel cells & the refueling infrastructure safe -- a great combination. Market Annual overall gas sensor sales potential is estimated at $2 billion worldwide. DCHT's Robust Hydrogen Sensor, now in production, is aimed at an estimated $200 million market. The market for fuel cells is too big to calculate. I predict fuel cells will be the future of energy on this planet. Not only do they eliminate environmental impact -- the raw material is amply available -- H2O (water), made up of two parts of hydrogen & one part oxygen, occupies a huge resource on this planet -- not much chance of its being used up as is the case with oil & natural gas. By moving to hydrogen for power applications, fossil-based products can be used for lubrication & the manufacture of rubber & plastics. Limited to such use, the remaining fossil-based resource will extend much farther into the future. The technology for separating hydrogen from water is a well evolved science that has been refined over the past 70 years. The best approach to satisfy the very large requirements of a changeover to hydrogen from fossil fuels is the use of direct solar electrolysis. This method, already being perfected in Israel, results in the ability to produce as much hydrogen as needed without using any natural resource other than the sun. Management David A. Walker is president, co-founder, & board member. He co-founded the consulting firm The Management Resource Group 1/90 & was president. He supervised material & management systems for Rockwell International. .... David P. Haberman is VP, technology & planning & a co-founder. He is a member of the Congressional Hydrogen Technical Advisory Panel, a member of the board of directors of the National Hydrogen Association, & current president of the California Hydrogen Business Council. He was VP, engineering at Engineering Development Co., & a design--applications engineer at Astronautics Corp. of America. .... Mark A. Daugherty, Ph.D is chief scientist. He was a member of the technical staff at Los Alamos National Laboratory, R&D manager at Superconductivity, Inc., mechanical engineer a Astronautics Corporation of America, member of the State Bar of California & the Washington State Bar Association, & a research assistant, law clerk, & patent examiner for the U.S. Dept of Commerce & the National Resources Defense Council. |
Financial Status* (12/04/98) Current Assets: $648,444 * Current financial data is being prepared -- I will include
it in an Update. Recommendation I recommend DCHT for both midterm & long-term appreciation. I think DCHT will beat everyone to mass market with its hydrogen fuel cell -- by at least two years. I see substantial opportunity and enormous growth potential for DCHT. I like the fact it has zero debt. I like the fact that major automobile manufacturers plan to produce both gas and fuel cell powered vehicles. In addition to fuel cells, accurate and reliable hydrogen sensors (such as those made by DCHT) will be needed to keep the vehicles and the fueling infrastruc-ture safe. This company is strategically positioned at the right place at the right time. Hydrogen is not affected by economic & market cycles, because it serves so many industries. It is an energizing agent. It is a chemical. It is a coolant -- the list goes on & on. DCHT will serve everyone of the industries that use hydrogen. It will replace obsolete 55-year-old technology with new, much more efficient & effective technology that will actually save money for the members of those industries. This special situation not only represents an emerging technology that is environmentally advantageous; it is rapidly transitioning from its R&D phase to a robust commercially viable operation. President Walker says: "Demand has taken us a little by surprise & serves as an example...
what was once far off, is now a market reality." On 5/12/99, U.S. Rep. Howard P. "Buck" McKeon announced that DCH Technology, Inc. was chosen by the Dept. of Energy Hydrogen Program to lead a multi-disciplinary effort & manage a team of 22 organizations to address a complete sector of commercial hydrogen -- the production & use of hydrogen power on ships. McKeon says: Here are some other things I like:
Contact Call DCHT's IR Dept. at 661-775-8120 ext 11; fax 661-257-9398;
E-mail: DCHTinfo@aol.com, or write 27811 Avenue Hopkins, #6, Valencia,
CA 91355. ...continued on next page, click here |
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