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16.10.2006: Meldung: FuelCell Energy Named One of Fastest Growing Technology Companies
FuelCell Energy, Inc. a leading manufacturer of ultra-clean and efficient electric power plants for commercial and industrial customers, today announced it has been named to the prestigious Deloitte Connecticut Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the state by Deloitte & Touche USA LLP. Rankings are based on the percentage revenue growth over five years from 2001 through 2005.
"We are delighted to gain Deloitte"s recognition," said FuelCell Energy President and CEO, R. Daniel Brdar. "Connecticut is a great incubator for a leading edge business like our"s and it is an honor to be included among the state"s technology leaders for the fourth consecutive year."
Currently, the fuel cell industry contributes to the state"s economy in several ways: by providing approximately 1,000 jobs associated with research and development, as well as the manufacturing of equipment; approximately $29 million annually in state tax revenue; approximately $2 million annually in local tax revenue; and over $340 million annually in gross state product.
FuelCell Energy"s increase in revenues from 2001 to 2005 resulted in a number 46 ranking in the Technology Fast 50 for Connecticut.
"Deloitte"s Connecticut Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today"s very competitive technology environment," said Alex Discepolo, Director Lead Tax Services, Deloitte Tax LLP, Connecticut. "We applaud the successes of FuelCell Energy and acknowledge it as one of few companies in this region to accomplish such a fast growth rate over the past five years."
To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Connecticut, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company"s operating revenues, or devote a significant proportion of revenues to the research and development of technology. Using other companies" technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are eligible to be entered into the Deloitte"s Technology Fast 500 program, which ranks North America"s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte"s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other"s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About FuelCell Energy, Inc.
FuelCell Energy develops and markets ultra-clean power plants that generate electricity with higher efficiency than distributed generation plants of similar size and with virtually no air pollution. Fuel cells produce base load electricity giving commercial and industrial customers greater control over their power generation economics, reliability and emissions. Emerging state, federal and international regulations to reduce harmful greenhouse gas emissions consider fuel cell power plants in the same environmentally friendly category as wind and solar energy sources -- with the added advantages of running 24 hours a day and the capacity to be installed where wind turbines or solar panels often cannot. Headquartered in Danbury, Conn., FuelCell Energy services over 50 power plant sites around the globe that have generated more than 124 million kilowatt hours, and conducts R&D on next-generation fuel cell technologies to meet the world"s ever-increasing demand for ultra-clean distributed energy. For more information on the company, its products and its worldwide commercial distribution alliances, please see www.fuelcellenergy.com.
This news release contains forward-looking statements, including statements regarding the Company"s plans and expectations regarding the development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company"s products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company"s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company"s expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Investors:
FuelCell Energy, Inc.
Lisa Lettieri, 203-830-7494
[email protected]
Source: FuelCell Energy, Inc.
"We are delighted to gain Deloitte"s recognition," said FuelCell Energy President and CEO, R. Daniel Brdar. "Connecticut is a great incubator for a leading edge business like our"s and it is an honor to be included among the state"s technology leaders for the fourth consecutive year."
Currently, the fuel cell industry contributes to the state"s economy in several ways: by providing approximately 1,000 jobs associated with research and development, as well as the manufacturing of equipment; approximately $29 million annually in state tax revenue; approximately $2 million annually in local tax revenue; and over $340 million annually in gross state product.
FuelCell Energy"s increase in revenues from 2001 to 2005 resulted in a number 46 ranking in the Technology Fast 50 for Connecticut.
"Deloitte"s Connecticut Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today"s very competitive technology environment," said Alex Discepolo, Director Lead Tax Services, Deloitte Tax LLP, Connecticut. "We applaud the successes of FuelCell Energy and acknowledge it as one of few companies in this region to accomplish such a fast growth rate over the past five years."
To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Connecticut, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company"s operating revenues, or devote a significant proportion of revenues to the research and development of technology. Using other companies" technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are eligible to be entered into the Deloitte"s Technology Fast 500 program, which ranks North America"s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte"s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other"s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About FuelCell Energy, Inc.
FuelCell Energy develops and markets ultra-clean power plants that generate electricity with higher efficiency than distributed generation plants of similar size and with virtually no air pollution. Fuel cells produce base load electricity giving commercial and industrial customers greater control over their power generation economics, reliability and emissions. Emerging state, federal and international regulations to reduce harmful greenhouse gas emissions consider fuel cell power plants in the same environmentally friendly category as wind and solar energy sources -- with the added advantages of running 24 hours a day and the capacity to be installed where wind turbines or solar panels often cannot. Headquartered in Danbury, Conn., FuelCell Energy services over 50 power plant sites around the globe that have generated more than 124 million kilowatt hours, and conducts R&D on next-generation fuel cell technologies to meet the world"s ever-increasing demand for ultra-clean distributed energy. For more information on the company, its products and its worldwide commercial distribution alliances, please see www.fuelcellenergy.com.
This news release contains forward-looking statements, including statements regarding the Company"s plans and expectations regarding the development and commercialization of its fuel cell technology. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could cause such a difference include, without limitation, the risk that commercial field trials of the Company"s products will not occur when anticipated, general risks associated with product development, manufacturing, changes in the utility regulatory environment, potential volatility of energy prices, rapid technological change, and competition, as well as other risks set forth in the Company"s filings with the Securities and Exchange Commission. The forward-looking statements contained herein speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company"s expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Investors:
FuelCell Energy, Inc.
Lisa Lettieri, 203-830-7494
[email protected]
Source: FuelCell Energy, Inc.