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May 29, 2008 07:33AM
$44,700,000 market cap
OTPP invested over $55,000,000?
As for the interview - -
Product explained - replaces power plants - more power less emission. 2011 new emission standards will help. Large market opportunity ahead. They are talking to lots of potential customers. Said they are working closely with OTPP. Recent cash injection is the last building block to be successful. They will now have their own plant and not need to rely on third parties. Their contracts have been profitable but not enough volume to offset their R&D costs hence the loss in the last quarter. Feedback is that their fleet is working well and that the procurement process is restarting again. High Canadian dollar not a deterrent as most equipment is purchased in the US. As to competition, he stressed Railpower is using cutting edge technology.
This interview will be replayed several times today. Also, BNN will probably post it on their website.