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News Breaks
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December 12, 2011
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| 18:59 EDT |  | FCEL |
| theflyonthewall.com: | FuelCell provides operational guidance for Q1, FY12 | | The company expects to continue the current annual production run-rate of 56 MW in the first quarter of 2012 and adjust production during the fiscal year as order flow warrants. At this annual run-rate, product sales and revenues are expected to be in the range of approximately $31M-$34M per quarter. Fuel cell kits are being produced at a rate of 2.8 MW per month through October 2013 to fulfill the previously announced 70 MW order from POSCO Power. Planned production in fiscal 2012 includes 33.6 MW of fuel cell kits, 10 MW for other backlog and scheduled re-stacks under long-term service agreements and the balance reserved for projected new orders requiring delivery in 2012. Fiscal 2012 operating cash utilization, based on the current production run-rate and projected order flow, is forecasted to be approximately $17M-$22M. Cash used in financing activities in fiscal year 2012 will include approximately $7M-$8M of scheduled cash payments to preferred stockholders. Capital expenditures, primarily to enable capacity expansion, are estimated to be $3M-$5M for fiscal year 2012 and depreciation expense is estimated to be approximately $7M-$9M. :theflyonthewall.com |
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May 16, 2012
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| 05:16 EDT | | FCEL |
| theflyonthewall.com: | FuelCell Energy Solutions, GmbH acquires select s ssets from MTU Friedrichshafen | | FuelCell Energy announced that its German subsidiary, FuelCell Energy Solutions GmbH, is acquiring select assets from MTU Friedrichshafen GmbH, a subsidiary of Tognum AG. The select assets include fuel cell component inventory and fuel cell manufacturing equipment of the former MTU Onsite Energy GmbH Fuel Cell Systems in Ottobrunn, Germany, which was merged with MTU Friedrichshafen GmbH. Parties to the agreement include FuelCell Energy, Inc., or FCE, FuelCell Energy Solutions GmbH, or FCES, MTU Friedrichshafen GmbH, and Fraunhofer IKTS, or Institute for Ceramic Technologies and Systems. Under the agreement, MTU will contribute fuel cell related intellectual property to Fraunhofer IKTS. Fraunhofer IKTS will become a minority owner in FuelCell Energy Solutions by June 30. FuelCell Energy Solutions, a German company, will develop the market for stationary fuel cell power plants in Europe for commercial, industrial, and utility scale applications. :theflyonthewall.com |
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