![]() |
| Types of Fuel Cells | The Basics | Fuel Cell News | Basics on Hydrogen | Search| |
|
|

As expected, the further expansion of the business led to a negative net result of EUR 587 thousand in the first half of 2007. A pro forma loss of EUR 206 thousand was recorded in the first six months of the previous year. This was also due to the planned development of the new Systems and Solutions business segment in which Heliocentris as system integrator cooperates with partners to develop fuel cell solutions for commercial usage. Furthermore, the result takes account of one-time expenditure connected with the capital increase of EUR 168 thousand completed in April 2007.
Heliocentris carried out important measures regarding the expected continued growth during the first half of 2007. This is also reflected in the number of employees, which rose to 22 by the end of June 2007 as well as in the partnerships with Hydrogenics and Parker Energy Systems. Heliocentris expects the positive business development to continue over the coming months and anticipates a growth in sales for the year as a whole.
The Half Yearly Report can be found on the Internet at http://www.heliocentris.com.
About Heliocentris Fuel Cells AG:
As a pioneer in the fuel cell industry,
Heliocentris has many years of experience in the series production of fuel
cell products. Based on its focus on teaching and R&D systems for fuel
cells, Heliocentris is one of the world's market leaders with more than
10,000 training facilities and companies in more than 50 countries as customers.
These customers are offered more than 50 different products from eight
product lines, the complexity of which extends up to full laboratory systems.
Over the coming years, Heliocentris is planning to further expand its product
range and its market presence. Its further growth will be driven by both
new products for teaching and R&D and by fuel cell systems for industrial
applications. In addition to the Company's head office in Berlin, Heliocentris
has one subsidiary on the North American market in Vancouver, Canada.
|
|