FuelCell Energy, Inc. Moves From Amex to Nasdaq On June 7th
6 June 2000
FuelCell Energy, Inc. Moves From Amex to Nasdaq On June 7th
DANBURY, Conn. - FuelCell Energy, Inc. common stock will begin trading on the Nasdaq National Market on June 7, 2000 under the ticker symbol FCEL.The stock moves from the American Stock Exchange where it is traded under the symbol FCL.
"Our move to the Nasdaq, with its multiple market maker structure, should provide our shareholders and potential investors with greater visibility and liquidity," said Jerry D. Leitman, president and chief executive officer. "As a leading manufacturer of fuel cell power plants, a technology that promises to power the new economy, our company certainly fits in well with the many other cutting-edge Nasdaq-listed concerns."
FuelCell Energy, Inc. (www.fce.com), formerly Energy Research Corp., is a world-recognized leader for development and commercialization of high efficiency fuel cells for electric power generation. The Company's Direct FuelCell technology eliminates external fuel processing to extract hydrogen from a hydrocarbon fuel. This results in a product whose cost combined with high efficiency, simplicity and reliability, results in product advantages for stationary power generation. FuelCell Energy is based in Danbury, Conn. The Company has been developing DFC technology for stationary power plants with the U.S. Department of Energy through the National Energy Technology Laboratory, whose advanced fuel cell research program is focused on developing a new generation of high performance fuel cells that can generate clean electricity at power stations or in distributed locations near the customer.
This press release contains forward-looking statements, including statements regarding the Company's plans and expectations regarding the development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company's products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company's filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.