| Business Summary | | Plug
Power
Inc.
is
a
designer
and
developer
of
on-site,
energy
generation
systems
utilizing
proton
exchange
membrane
fuel
cells
for
stationary
applications.
The
Company's
goal
is
to
manufacture
reliable,
efficient
and
safe
fuel
cell
systems
at
affordable
cost
for
mass-market
consumption.
Plug
is
focusing
its
efforts
on
overall
system
design,
component
and
subsystem
integration,
assembly,
as
well
as
quality
control
processes.
The
Company
was
formed
as
a
joint
venture
between
Edison
Development
Corp.,
a
DTE
Energy
Company,
and
Mechanical
Technology
Incorporated.
The
Company
intends
to
manufacture
residential
and
small
commercial
stationary
systems
that
will
be
sold
globally
through
a
joint
venture
with
GE
MicroGen
Inc.
DTE
Energy
Technologies
will
distribute
these
systems
in
Michigan,
Illinois,
Ohio
and
Indiana. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Plug
Power,
Inc.
designs
and
develops
on-site,
electricity
generation
systems
utilizing
proton
exchange
membrane
fuel
cells
for
residential
applications.
For
the
six
months
ended
6/30/01,
revenue
fell
57%
to
$2.3
million.
Net
loss
rose
6%
to
$37.3
million.
Revenues
reflect
reduced
government
contract
activity
with
the
U.S.
Department
of
Energy.
Higher
loss
was
partially
offset
by
the
absence
of
the
write-off
charge
for
the
acquired
intellectual
properties. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Geroge McNamee, 53 Chairman | -- | Roger Saillant, Ph.D., 57 Pres,
CEO, Director | -- | W. Mark Schmitz CFO,
VP | -- | Gregory Silvestri, 39 Exec.
VP of Operations, COO | -- | Louis Tomson, 59 Sr.
VP- Corp. Devel. | $145K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|