GreenCell, Inc. (GCLL) Completes Automotive Sensor System, Plans to Move Into Fuel Cells
02 March 2012 - 11:31PM
Marketwired
GreenCell, Inc. (OTCBB: GCLL) announced yesterday that they have
developed a new ceramic seal system for automotive oxygen sensors,
the first commercial application will be as an intermediary seal
between automotive ceramic sensors and the metallic housing they
are sealed in. The company will begin work on fuel cell
applications in the near future.
SBI Energy research estimates that the market grew from $353
million in 2005 to $498 million in 2009, and a compound annual
growth rate (CAGR) of 20% is expected through 2014. Analysts with
SBI Energy say the fuel cell industry has emerged as an
international heavyweight with the potential to reshape how energy
is produced and used for residential and commercial consumption,
transportation, and electronic devices.
Industry experts offer a wide range of predictions about which
sectors will win the lion's share of the fuel cell market in the
coming years. Some believe fuel cell cars will be widely available
to buyers by 2015.
Other active stocks are Legend Oil & Gas (OTCBB: LOGL)
Apple, Inc. (NASDAQ: AAPL) and Sirius XM Radio (NASDAQ: SIRI).
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