The reason it is headed up.
by: tycoonguy (55/M)
Long-Term Sentiment: Strong Buy 08/25/05 08:11 am
Msg: 92070 of 92200
"At the mid-way point of the year, we're proceeding on schedule with the two Smart Energy Matrix(TM) demonstration systems we're building for installation in California and New York," said Bill Capp, Beacon Power president and chief executive officer. "In less than one year, our engineering team has bdemonstrate een able to design, develop, assemble and integrate the world's first flywheel matrix to how responsive energy storage can provide grid frequency regulation. The result of their efforts is that the system was successfully tested and approved for shipment to California later this month, pending completion of installation site preparations."
Capp added, "With field testing of the first prototype Smart Energy Matrix imminent, and the expected shipment of our second system to New York in the fall, we're beginning to see interest in this demonstration from energy officials and experts around the country. With the Energy Bill now becoming law, including new standards for grid reliability, we believe that our cleaner, better-performing technology will represent an appealing alternative for grid operators and utilities."
"We continue to meet with potential investors and other industry supporters. We believe that we will be able to raise sufficient funds to continue operations and begin development of the flywheel system for the Smart Energy Matrix," said James Spiezio, CFO of Beacon Power.
Seems to me that there might be more good news coming. Yesterday was nothing but a dip in the rising chart. Get in if you can because the train left the station already.