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Technology Stocks : United Technologies (UTX) -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (11)1/12/2002 6:47:59 PM
From: jbkelle  Respond to of 25
MacRandy, I'm at UTX owner for some time, primarily for the fuel cell interest. The commercial aircraft part is in deep doop for the near-term. Friends in the know say P&W isn't particularly well run to begin with. However, the IFC/UTC Fuel Cell part of the biz is positioned to play in stationary and mobile markets, and they intend to be a competitive #2 in the auto segment as that starts to grow. The press releases below are the primary reasons I own the stock...jbk

Friday November 30, 9:51 am Eastern Time
Press Release
SOURCE: United Technologies Corp.
United Technologies Corp. Confirms Outlook for 2001
HARTFORD, Conn., Nov. 30 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX - news) President and Chief Operating Officer Karl Krapek expressed comfort yesterday with analysts' consensus earnings per share estimate of $3.81 for 2001. In addition, Krapek indicated the company anticipates a fuel cell development agreement in early 2002 with an automobile manufacturer.

The company has not provided earnings and cash flow guidance for 2002, but confirms continuing challenges in the commercial aviation industry. The company will provide an outlook for next year on December 12.

United Technologies Corp., based in Hartford, Connecticut, provides a broad range of high technology products and support services to the building systems and aerospace industries. Additional information is available on the Internet at

This earnings release includes ``forward looking statements'' that are subject to risks and uncertainties. For information identifying economic, political, climatic, currency, regulatory, technological, competitive and some other important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, see UTC's SEC filings as updated from time to time, including, but not limited to, the discussion included in the Business section of UTC's Annual Report on Form 10- K under the headings ``Description of Business by Operating Segment'' and ``Other Matters Relating to the Corporation's Business as a Whole'' and the information included in UTC's 10-K and 10-Q reports under the heading ``Management's Discussion and Analysis of Results of Operations and Financial Position.''

SOURCE: United Technologies Corp.


Monday October 29, 11:32 am Eastern Time
Press Release
SOURCE: International Fuel Cells (IFC)
IFC Powered Vehicle Scores Best in Class in Key Tests at Michelin Bibendum
SOUTH WINDSOR, Conn. and LAS VEGAS, Oct. 29 /PRNewswire/ -- A Hyundai Santa Fe powered by International Fuel Cells (IFC) scored best in class in two key performance tests at the Michelin Challenge Bibendum, an annual event where new automotive technologies are evaluated by independent judges.

The vehicle, which is powered by an IFC 75-kilowatt ambient-pressure proton exchange membrane (PEM) fuel cell, scored an ``A'' in noise and a ``B'' in energy efficiency. Both were the highest grades given to fuel cell cars entered in those categories

``These high marks for noise and efficiency from an independent panel demonstrate the superior performance of IFC's proprietary ambient pressure design,'' said William Miller, president of IFC, a unit of United Technologies Corp. (NYSE: UTX - news).

Put simply, IFC's ambient-pressure design better manages the water produced by a fuel cell than traditional pressurized fuel cell designs. The result is a fuel cell system that is quieter, significantly more fuel efficient and easier to install into a vehicle.

The fuel cell system installed in the Hyundai Santa Fe does not encroach at all on the vehicle's passenger or cargo space.

A total of six hydrogen-powered fuel cell vehicles were entered in the Michelin event, held in Los Angeles and Las Vegas this past weekend. Other car makers who entered fuel cell cars into the event were Ford, DaimlerChrysler, General Motors, Toyota and Honda.

A fuel cell is an electrochemical device that combines hydrogen and oxygen to produce electricity, heat and water. When fuel with pure hydrogen, fuel cells are pollution-free.

IFC is developing ambient-pressure fuel cell systems for transportation with major automakers, including Hyundai and BMW, and bus and fleet vehicles makers including Thor Industries of the U.S. and Irisbus of Europe.

The Michelin Bibendum, named after Bibendum, the real name of Michelin's corporate icon, was started in 1998. More information on the event can be found at

International Fuel Cells is the world leader in fuel cell production and development for commercial, transportation, residential and space applications. IFC is the sole supplier of fuel cells for U.S. manned space missions and the only company currently producing a commercially available fuel cell power plant, the PC25(TM). IFC has manufactured the PC25 power plant since 1991 and has delivered more than 220 units. More information on IFC can be found at

Peter Dalpe
International Fuel Cells
(860) 727-2121

SOURCE: International Fuel Cells (IFC)


Wednesday December 19, 8:57 am Eastern Time
Press Release
SOURCE: UTC Fuel Cells
New York Power Authority to Install Eight UTC Fuel Cells PC25(TM) Power Plants at New York City Locations
SOUTH WINDSOR, Conn., Dec. 19 /PRNewswire/ -- UTC Fuel Cells, a unit of United Technologies Corp. (NYSE: UTX - news), today announced the sale of eight PC25(TM) fuel cell power plants to the New York Power Authority (NYPA). The sale is one of UTC Fuel Cells' largest commercial orders ever.

The 200-kilowatt PC25 units will produce power for, and reduce emissions from, four wastewater treatment plants in New York City. Waste gas produced in the water treatment process will fuel the power plant.

``The New York Power Authority continues to be a leader in the adoption of fuel cells to provide clean, reliable and efficient power for customers,'' said William T. Miller, president of UTC Fuel Cells, formerly known as International Fuel Cells. ``This most recent sale caps our best year ever for commercial sales of PC25 power plants in the U.S., and we are optimistic for another strong year in 2002.''

During 2001, UTC Fuel Cells installed the first fuel cell power plants ever in South America, China and the United Kingdom, and installed the world's largest fuel cell system, a 1.2- megawatt micro grid, at a Connecticut state facility in Middletown.

The PC25 is the world's only commercially available fuel cell system. A fuel cell is an electrochemical device that combines hydrogen and oxygen to produce electricity, heat and water. Because hydrogen is often not readily available, the PC25 uses a fuel processor to convert hydrocarbon fuels, typically natural gas, into a hydrogen-rich stream that is fed into the fuel cell.

The PC25 is virtually pollution free. While a traditional generating system produces as much as 25 pounds of pollutants to generate 1,000 kilowatt- hours of electricity, the PC25 power plant produces less than an ounce.

NYPA plans to install the units at wastewater treatment plants in Brooklyn, Staten Island, Bronx and Queens. The units will run off anaerobic digester gas, a byproduct of the treatment process that would otherwise be burned, releasing pollution into the air.

With the addition of these eight units, a total of 17 PC25 power plants will be supplying electricity for New York City area facilities. Other installations include the police station in Manhattan's Central Park; North Central Bronx Hospital and St. Vincent's Hospital on Staten Island and the Conde Nast building at 4 Times Square.

UTC Fuel Cells has manufactured the PC25 power plant since 1991 and has delivered more than 235 of them to customers in 19 countries on five continents. Other applications range from a major postal facility in Alaska to beer breweries in Japan.

Besides generating 200 kilowatts of electricity the PC25 provides more than 900,000 BTUs of heat per hour that can be used for space heating, domestic hot water heating, or absorption chilling and air conditioning.

UTC Fuel Cells is the world leader in fuel cell production and development for commercial, transportation, residential and space applications. It is the sole supplier of fuel cells for U.S. manned space missions and the only company producing a commercially available fuel cell power plant.

SOURCE: UTC Fuel Cells

To: Nazbuster who wrote (11)1/12/2002 8:33:06 PM
From: Nazbuster  Respond to of 25
Thanks for the summary...

I understand that UTX and HON will also benefit greatly from the LMT award as secondary contractors.

From a TA standpoint, the uptrend has been in an amazingly tight channel, only broken for the first time on Friday. We may be in for a pullback. I'm wondering whether to "listen" to the charts or hang in for the long term.....