Detail akcie Hydrogen Engine Ctr online

Business Summary: Hydrogen Engine Center, Inc., and its subsidiary, TINA Energy Systems S.L. integrate Intellectual Property into Power Modules, commercial carbon-free distributed power systems (MPMs) to on-site produce and deliver 24/7/365 renewable green electricity to customers. The Company manufactures and commercializes multipurpose modules capable of producing green hydrogen (MPMGH2), green electricity (MPMGE), and green ammonia (MPMGNH3). MPMGH2 is a multipurpose module mainly composed of a PEM Electrolyzer able to produce hydrogen up to 200 bar of pressure (unique technology worldwide), tank storage for the hydrogen produced, and PV plants. MPMGE is a multipurpose module integrated with MPMGH2 and ICEH2 Gensets. MPMGNH3 is a multipurpose module integrated by MPMGH2 and a mini NH3 plant. Ammonia is used to produce fertilizers, which farmers use to grow healthy crops.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2008, Hydrogen Engine Center Inc revenues increased 83% to $1.4M. Net loss applicable to common stockholders decreased 54% to $3.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Research and development decrease of 40% to $825K (expense), Vendor settlement decrease from $448K (expense) to $0K.