welcome on ASRNF message board
http://www.astris.ca./IN/IN-pdf/e-research.pdf
CEO interview:
http://www.macreport.net/featured/ASRNF/company.asp
http://www.wallst.net/audioarchive.asp
Astris Energi Inc.
(BB: ASRNF - $.35 per share)
Common Shares Outstanding – Approx. 35 million shares
Float – Approx. 21 million shares
Current Market Cap – $12.25 million
52-Week High / .70 per share 52-Week Low / .12 per share
Avg. Volume: 45,500 (200-day) Avg. Price: .29 (200-day)
Timing for Quality, Low Cost Fuel Cell Technology is Perfect
Well-known, respected industry executive joins Astris
Another MUST OWN stock for our members!
www.astris.ca
The Green Baron Report is attracted to small companies that have a serious shot at taking a nice percentage of a huge market. We like companies with proprietary technologies, iron clad contracts, and partnership agreements with major players within its industry. We also are fond of stocks that have built a premier management team, often formed or complemented by executives that left competitors to join the company.
It is with great pride that The Green Baron Report delivers its 45th fully profiled stock, Astris Energi Inc. (BB: ASRNF) for our storied home page. Results compiled from the most recent trade possible prior to dissemination of this report to the subsequent high will be monitored at www.thegreenbaron.com. We are fortunate to have found a company that appears ready to power higher based on several solid fundamental reasons and an improving technical chart formation. We have very aggressive short and long term expectations for this stock.
The fuel cell industry is beginning to get major attention once again as it becomes more evident each day that both China and India want to build a middle class (at least 500 million people) that wish to own cars (not to mention the cost of a barrel of oil is still in the $60 range). Most of those cars will require gasoline, and the demand for oil needed to move those cars is inevitably going to reach epic proportions. There is soon going to be a great need for low cost alternatives not only to power automobiles, but other power needs including backup power, portable power systems, and power for small vehicles.
As we endure the middle of summer here in North America, there seems to be more and more chatter from scientists again about global warming. Most scientists agree that global warming is a real concern, and they point to our existing power generators as the primary culprit. If a fuel cell company could develop a low cost, fuel cell with large production capability, it could be one of the most dynamic discoveries of our time. We think Astris Energi has an answer and it is ready TODAY.
Last year, a widely considered expert and analyst of the fuel cell industry named Jonathan Hykawy, PhD. with Fraser Mackenzie Ltd. received notoriety and respect by going bearish on most stocks in the fuel cell sector. His negative commentary was considered very accurate and timely. This same analyst happens to think highly of the fuel cell product Astris Energi is focused on, as published in his report, “All about fuel cells”. Fraser Mackenzie Ltd. is now the Company’s investment banker.
About Astris Energi Inc.
Founded in 1983, Astris Energi has steadily developed the alkaline fuel cell (AFC) and become the world’s leading AFC technology company. Astris has a proven management and engineering team with a clearly defined business plan based on a solid understanding of the fuel cell industry.
Through technology breakthroughs, Astris has developed an AFC that has lower material costs than other low temperature fuel cells, in addition to having higher energy efficiency and broad operating capabilities. Astris has begun the first phase of pilot production of its next-generation AFC at its Czech Republic subsidiary in 2005, leading to economies of scale and, as demand warrants, to commercialization in a broadening array of global niche markets.
AFC’s have long been the fuel cell of choice for NASA and other space programs as they are the most energy efficient of clean power sources. As costs fall further through R&D and volume production, the performance and environmental strengths of Astris’ AFC, position it for three key markets – stationary power (notably uninterruptible off-grid power for mission critical applications such as communication towers and hospitals); portable uses (such as small generators for cottages, worksites); and small transportation uses (such as fork lifts, golf cars and yachts).
Key Fundamental Reasons that Support Purchase Now
1.) Management
Gary Brandt - It is just starting to get around the industry that Gary Brandt, former CFO of Hydrogenics Corporation, a leading fuel cell company, joined the Board of Directors at Astris Energi on July 11, 2005. Mr. Brandt is a senior business leader with extensive cross-industry and cross-border experience in alternative energy, telecommunications, and technology. From 2001 to 2005, he was CFO of Hydrogenics Corporation, a hydrogen and PEM fuel cell technology company based in Toronto. During his tenure, the Company completed a fully marketed equity offering that raised US $62 million with excellent participation from US institutional investors. As well, the Company completed three acquisitions, including the acquisition of Stuart Energy for US $120 million. Mr. Brandt played an instrumental role in the integration of these companies. Business development initiatives launched during his tenure drove a five-fold increase in revenues at Hydrogenics to pro forma US $35 million. During the same period, US institutional ownership of Hydrogenics increased from zero to more than 30 percent.
H. David Ramm – Joined Astris in September of 2003 and was the former President and CEO of Integrated Electrical Services (a NYSE listed fortune 1000 firm). He also was the former Chairman and CEO of UTC Fuel Cells, a division of United Technologies. Mr. Ramm is a recognized leader in the fuel cell industry.
Jiri K. Nor, Chairman, President & CEO – Mr. Nor founded and has been President of Astris since 1983. He is an engineer specializing in aeronautics, electronics, and electrochemistry and the principal inventor/developer of AEI’s alkaline fuel cell technology. He has extensive experience in the development of fast battery charging technology as founder of Sonotek Inc., inventor of the “Minitcharger” and VP Research for Norvik Technologies, Inc. Both of his previous companies were acquired by larger competitors, Sonotek by Teck Corporation and Norvik Technologies by Edison International.
2.) The AFC Advantage
Astris has the lowest cost and most efficient fuel cell solution. The reason Astris can keep its costs down is because there is no platinum required, no expensive Nafion membrane, no expensive graphite plates, and simple and inexpensive component parts. It has a low operating cost as well because less hydrogen (fuel) is required due to its high efficiency. Since the hydrogen used by Astris is of lower grade, it saves about 75% of the cost of its competitor PEM-grade hydrogen (fuel). Quick start-up and shut-down, high efficiency, and excellent environmental tolerance also make it the obvious choice.
The Powerstack MC250 produced by Astris is a commercially viable product for backup power today. Astris is currently focused on commercializing this product as well as others in development through strategic partnerships. Several companies are currently evaluating products. The global backup power market is estimated at $7.3 billion, growing at more than 6% per annum.
3.) Valuation
Astris Energi has about 35 million shares outstanding. At recent prices, ASRNF has the lowest market cap of any fuel cell public company. Based on its technology, management team, products ready for production, and huge potential markets, Astris appears to have absolutely huge upside for its stock price.
The major fuel cell companies in the market include Energy Conversion Devices (ENER), Ballard Power (BLDP), Medis Technologies (MDTL), Fuelcell Energy (FCEL), Plug Power (PLUG), and Hydrogenics (HYGS). The market capitalization of these firms ranges from $300 million to nearly $700 million.
Green Baron Conclusion
The recent addition of Mr. Gary Brandt to the Board of Directors adds significant credibility to Astris. Mr. Brandt brings a rolodex of contacts that could very well put Astris on the map in very short order. The Green Baron Report believes major collaborations, partnerships, institutional interest, and a wealth of industry knowledge will be recognized very quickly.
Companies are already evaluating Astris products and technology. With the completion of their initial pilot production plant, Astris is now in the position to deliver its technology to targeted industry leaders. A new partnership agreement has been of key importance to the Company. If a marquee name were introduced to be working with Astris to additionally validate the technology and desire for product, the stock price of Astris could spike and set a new, much higher trading range. The Green Baron Report believes it is only a matter of time before this happens, and we believe our timing is perfect.
The 52-week high of Astris is .70 per share. Although The Green Baron Report does not provide specific target prices, we do believe that this price will be eclipsed within the next few months, and quite possibly within the next few weeks. We suggest all our members with speculative accounts consider positions in what we believe to be our huge flyer for the summer.
News 
Market Data 
Discover 
