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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Mr Metals who wrote (17998)7/19/1999 1:40:00 PM
From: Scoobah  Read Replies (1) of 25711
Metals, what did you think of that news on DCHT and NYSE: IDA today?

Monday July 19, 10:01 am Eastern Time

Company Press Release

SOURCE: Northwest Power Systems

Northwest Power Systems Buys DCH
Technology Fuel Cell System

BEND, Ore., July 19 /PRNewswire/ -- Northwest Power Systems (NPS) today announced the
purchase of a 3 kilowatt fuel cell system from DCH Technology (OTC Bulletin Board: DCHT -
news) that will be integrated with NPS's patented fuel processor.

The purchase is the most recent in a series made by NPS from a growing list of fuel cell
manufacturers, including De Nora, S.p.A., Milan, Italy, with which NPS has a long-term fuel cell
supply agreement.

''This purchase from DCH Technology is strategic to the integration of our proprietary fuel
processor with fuel cells from as many different manufacturers as possible,'' said Alan
Guggenheim, president of Northwest Power Systems.

''Our objective is to test approximately 25 small-scale, experimental prototype fuel cell systems
the next 12 months, and more than 150 the next three years. We expect a dozen fuel cell
manufacturers to participate in the program,'' he said.

NPS's core technology is a patented fuel processor for generating pure hydrogen that a fuel cell
needs to produce electricity. DCH Technology is manufacturing an integrated PEM
(protonexchange-membrane) fuel cell system, incorporating a NPS fuel processor, designed to
supply residential electricity, said Guggenheim. The unit will be similar to NPS systems,
incorporating De Nora fuel cells, that have already been tested in a dozen northwest homes and
businesses the past 12 months.

NPS takes a ''systems'' approach to integrating its fuel processor with fuel cells from various
manufacturers. NPS's objective is the commercialization of a variety of fuel cell products that
will include models operating on methanol, ethanol, propane, diesel, kerosene, natural gas and
other fuels. The DCH Technology unit will operate on methanol.

NPS's fuel cell systems, rated 2.5 kilowatts to 3.5 kilowatts, are targeted for stationary and
portable applications. NPS's largest customers for experimental prototype fuel processors and
fully integrated fuel cell systems include the Bonneville Power Administration, an agency of the
U.S. Department of Energy (DoE), and Sandia National Laboratories, a prime contractor to DoE.
BPA will field-test NPS's fuel cell systems under a long-term, $3.5 million purchase order
contract for delivery of 110 fuel cell units between 1999 and 2003.

Founded in 1996, Northwest Power Systems is a subsidiary of IDACORP Technologies, Inc.,
Boise, Idaho, a non-regulated subsidiary of IDACORP, Inc. (NYSE: IDA - news).

SOURCE: Northwest Power Systems

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