First half net loss widened to 4.64 mln stg from a loss of 3.94 mln, as revenues fell and expenses rose.

Revenues sank to 88,870 usd from 498,573 because the US Department of Energy suspending a major contract with it in January because of funding constraints. However, the company does not think the suspension or possible termination of the contract will have a material impact on its fincial conditions or operations.

'Although the world's leading consumer electronics manufacturers have yet to be specific regarding the exact timing for their fuel cell product introductions, we are confident that the strong relationships that we have established...will ensure that we will fully participate in the product launches when they occur, CEO Jim Balcolm said.