Stocks Presently In the WilderHill Index:

 TICKER

 COMPANY NAME

COMPANY WEBSITE

SECTOR

NOTES

 Asrnf

 Astris Energi Inc.

http://www.astris.ca/home/index.html
On their site there is a link to their fuel cells for sale.

Alkaline Fuel Cells

Ontario, Canada Company with claims to pioneering Alkaline Fuel Cells Since 1983. Added to Index 01-30-04.

 Bldp

 Ballard Power Systems

http://www.ballard.com/

Fuel Cells

Very important leader, rise of BLDP circa 1995 with Daimler investment sparked the first wave of investor interest in fuel cells. Serious Projects with Daimler Chrysler, Ford and have delivered for testing to Nissan. Interesting project with Coleman to make home-generator Fuel Cells.

 Desc

 Distributed Energy Systems. Subsidiary: Proton Energy Systems

http://www.distributed-energy.com/
http://www.protonenergy.com/

Fuel Cells, On-site H2 generation and storage.

"Proton Energy Systems, Inc. designs, develops, and manufactures Proton Exchange Membrane, or PEM, electrochemical products that it employs in hydrogen generating devices and in regenerative fuel cell systems that function as power generating and energy storage devices."

 DKNDF

 Dynetek Industries

http://www.dynetek.com/

Hydrogen And Alternative Fuel Storage Cylinders and Systems

Trades as DNK on the Toronto Stock Exchange.

 Ener

 Energy Conversion Devices

http://www.ovonic.com/

Hydride H2 Storage, additional membrane fuel-cell "battery" technology?

A much different animal than almost any other alternative energy company. Largely a materials-engineering R+D company specializing in thin-films, amorophous materials and membranes, with very serious products and patents and established business in PV solar energy, Hydrogen Storage, Environmentally-OK NiMH rechargeable batteries, not to mention computer memory. Parternships and stock interest from such companies as Texaco, Canon, Bekaert. 30-40 years of disappointing buy-and-hold investors makes them the grandfather of tilting-at-windmill-class stocks, but there's no disappointment in the products themselves. With the turnaround in A-E stocks, their investors' ship might finally come in.
Working on regenerative fuel cells. Texaco has purchased a 20% equity stake in ECD.

 Fcel

 FuelCell Energy

http://www.ercc.com/

Fuel Cells

One of the real big hits, stock has appreciated so much the Index had to sell some of it. Investors also did very well from EVRC (Nickel Zinc batteries) spinoff.

 HYGS

 Hydrogenics Corporation

http://www.hydrogenics.com/

PEM Fuel Cells, also system integration, testing, diagnosis.

HYG on the Toronto Exchnage

 IDA

 Idacorp

http://www.idacorpinc.com/

Fuel Cells

Idaho Utility with focus on Fuel Cells. Bears Dividends.

 Imco

 Impco Technologies

http://www.impco.ws/

H2 Storage in Pressure Tanks

Unusual in this sector for having sizable current revenues. Is doing considerable hiring of H2 FC engineers and building strengths here, with an emphasis on transportation applications and hydrogen storage under pressure.

 ITMPF

 ITM Power PLC

http://www.itm-power.com/

Fuel Cell Technology, Polymer Materials

Trades as ITM on the Alternative Investment Market in Great Britain.

 MCEL

 Millennium Cell

http://www.millenniumcell.com/

R+D NaBH4 Fuel Cell Technology

Intriguing use of sodium borohydride to both store and generate hydrogen safely; might potentially play an important role in answering the key H2 storage question for transportation and stationary uses.

 Mdtl

 Medis Technologies, Ltd.

http://www.medistechnologies.com/

Smaller Fuel Cells (cell phones, computers)

Could be real competitor in the race to put FCs in the highly visible micro applications. An incubator staffed by Israeli/Russian scientists, is also active in other sectors such as medical technology fields. 07/15/01: Several recent announcements regarding smaller ethanol high-efficiency fuel-cells. This is unusual in that ethanol was not previously widely discussed as a possible fuel cell fuel and it is presently made from renewable sources (usually Corn).

 MEOH

 Methanex

http://www.methanex.com/

Methanol from Natural Gas

Methanol is under consideration by some as an interim fuel on the way to an H2 Economy.

 Mhtx

 Manhattan Scientifics

http://www.mhtx.com/

Smaller Fuel Cells for Bicycles, cell phones etc.

Some work with Methanol? Announcements seem to indicate bike project progressing. Stock dilutions with no sign of revenues a negative sign.

 Mkty

 Mechanical Technology

http://www.mechtech.com/

R+D in new-energy solutions, Helped form and has investments in SATC, PLUG, BCON.

39 year old company. Albany NY. Investments in PLUG, SATC make the index more weighted to those companies.

 Plug

 Plug Power

http://www.plugpower.com/

Fuel Cells for homes using Natural Gas and Propane

Latham, NY... some work with GE... 11/99 IPO helped spark Fuel Cell Stock boom. 2 million per quarter in revenues vs. 02/23/01 3/4 Billion dollar market cap. ... 07/22/01: GE's "Homegen 7000" is a fuel cell designed and manufactured by Plug Power planned for mid-2002 release.

Qtww

 Quantum Fuel Systems Technologies Worldwide Inc

http://www.qtww.com/

Hydrogen, compressed natural gas (CNG) and liquid propane gas (LPG) handling and gaseous fuel storage system technologies for Fuel Cells, Alt-Fuel Vehicles, Refueling Infrastructure

Spun off from IMCO 7-23-02. Worth keeping in Index because of many activities relevant to fuel cells.

Satc

 Satcon

http://www.satcon.com/

Electric Controllers, Converters, Power and Energy Management Products

Fuel Cell power converters for IDA, HPOW. Power inverters for PLUG. Part-owned by MKTY which also part-owns PLUG. BCON (flywheels) is also a subsidiary or associate.

 Synm

 Syntroleum

http://www.syntroleum.com/

Natural Gas into Synthetic Liquid Fuels

Recent work with FCEL. Economics of natural gas and syn-gas industries recently dictated by higher-prices. Some Big-name Hydrocarbon companies work with them. Relevance to Fuel-Cell sector debatable, but in index for now.