Message #5 From:
NewsBot Date: December 8, 2006 09:00:00 AM
HYDP News Dutton Associates Announces Investment Opinion: Hydrogen Power International Neutral Rating Maintained In Updated Coverage By Dutton Associates
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Dutton Associates updates its coverage of Hydrogen Power International
(OTC:HYDP), maintaining a Neutral Rating. The 10-page report by Dutton
senior analyst Sally H Wallick, CFA is available at www.jmdutton.com
as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and
other leading financial portals.
In late September, Hydrogen Power International, Inc., merged its wholly
owned subsidiary, Seattle-based Hydrogen Power, Inc., which it acquired
on March 14, 2006, with and into the Company and changed its name to
Hydrogen Power, Inc. Hydrogen Power has developed a patented
hydrogen-production technology, Hydrogen NowTM.
We believe that Hydrogen Now has important advantages relative to
existing methods of hydrogen production. For example, it can generate
hydrogen on-site and on-demand without electricity, overcoming
significant transportation, storage and compression problems. Also, raw
materials used in the Hydrogen Now process, mainly aluminum and water,
are readily available, relatively inexpensive, nontoxic and safe to
handle, and the byproducts of the process are recyclable. The
effectiveness of the Hydrogen Now process has been proven in the
laboratory through extensive testing and it is now ready for
commercialization. Since Hydrogen Power is in the early stages of
commercializing its technology, we believe that, from an investment
standpoint, evidence that the Company is making measurable financial and
operational progress toward successful commercialization will be more
important than income statement results in the near term. We rate
Hydrogen Power common shares Neutral. We believe that Hydrogen Power’s
hydrogen-production process has important differentiating
characteristics and that there are a number of reasons for optimism
about its long-term opportunities for commercialization.
About Dutton Associates
Dutton Associates is one of the largest independent investment research
firms in the U.S. Its 31 senior analysts are primarily CFAs and have
expertise in many industries. Dutton Associates provides continuing
analyst coverage of over 140 enrolled companies, and its research,
estimates, and ratings are carried in all the major databases serving
institutions and online investors.
The cost of enrollment in our one-year continuing research program is US
$35,000 prepaid for 4 Research Reports, typically published quarterly,
and requisite Research Notes. We received $35,000 from the Company for 4
Research Reports with coverage commencing on 5/25/2006. We do not accept
payment of our fees in company stock. Our principals and analysts are
prohibited from owning or trading in securities of covered companies.
The views expressed in this research report accurately reflect the
analyst's personal views about the subject securities or issuer. Neither
the analyst's compensation nor the compensation received by us is in any
way related to the specific ratings or views contained in this research
report or note. Please read full disclosures and analyst background at www.jmdutton.com
before investing.
