The company also expects to go on losing money for the foreseeable future. The share is now at almost $17, and the company’s market cap is nearing $450 million not bad for a company with no sales, a $14 million loss, and $14 million in the bank. The share has risen 60% so far this year, and 46% since the beginning of October. The Medis share has quadrupled in price since the beginning of 2003. Yesterday, when I received a review recommending reconsideration of the field, I took a look, and got a shock. Ever since taking up the cause of Arotech (Nasdaq: ARTX) (formerly Electric Fuel), I’ve given up talking about the subject. The truth is that I’m tired of all these alternative energy companies. Lifton, who has led the company ever since, is well-known businessman and public figure, an attorney, active in Jewish affairs, and a popular writer on economics and politics. The company was founded in 1992 as a joint project of Israel Aircraft Industries and a US investor named Robert K. Medis also develops products having to do with fuel cells, particularly for the medical diagnostic field, but its main effort right now is devoted to its consumer electronic applications. The company is taking particular aim at computers, cellphones, and other popular electronic toys. The company plans to enter every field that uses batteries, and extend the life of batteries.
Medis develops, produces, and hopes eventually to sell a battery powered by the fuel cells that it has developed. Meanwhile, Medis, like all its competitors, has no sales, and the dream is probably fading away as energy prices fall. I remember Medis's road show, its dream technology, and the enthusiasm it created, but that was ten years ago or more. Investors have been living on these high hopes for a long time, and a new cycle on Wall Street is beginning now.ĭo you remember Medis Technologies (Nasdaq: MDTL)? It was one of the first Israeli companies to be listed on Nasdaq. Why exciting? Because the hope is that a new type of device, one that could power everything from car engines to pocket PCs, will come along, and take the place of conventional batteries. Should we expect the fuel cells field to finally revive because of what happened to the oil and energy industry in 2004? Why now? For fifteen years people have been harassing investors on this exciting subject. I received two different reviews of the alternative energy sector for 2005 yesterday. Companies like Aladdin Knowledge Systems (Nasdaq: ALDN) and Check Point (Nasdaq: CHKP) will surely attract many admirers. Preserving privacy on the Internet is becoming a big problem, and every company in the field will be tested from every direction.
#Medis fuel cell review full#
The big problem in safeguarding confidentiality on the Internet and similar things will definitely continue full force into 2005 and beyond.
#Medis fuel cell review software#
Other interesting fields include software protection, and programs against spam and all the other Internet plagues. Does anybody think that defense budgets will fall in 2005? Not me. It’s hard to believe that a company like Elbit Systems, with so much know-how in electronic technology, won’t be a sought after supplier. For example, all the companies dealing in military and defense electronics, such as Elbit Systems (Nasdaq: ESLT TASE: ESLT).
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