Plug Power Inc (PLUG)

[Digra Ive]

3M - R&D Numbers on CNBC article.
3M assignation won't rescue PLUG from a deep mud.
Read their article and watch my conclusion explaining "WHY a mud deep enough to keep PLUG on its knees ".

3M CEO: Research Is 'Driving This Company'
http://www.cnbc.com/id/100801531

Historically the company spent 5 percent of revenue on R&D, but Thulin intends to spend 6 percent of revenue by 2017. That 1 percent increase may not sound like a lot, but when annual revenue comes in at a whopping $30 billion, it's a significant amount of money: $30 million.

Till nowadays, 3M was involved in development and implementing products in fuel cells industry.
http://solutions.3m.com/wps/portal/3M/en_US/Energy-Advanced/Materials/Our-Industries/Fuel-Cells/?WT.mc_id=www.3M.com/FuelCells
However their ambitions is going farther then it was before and they want to eat a slice of EV Market pie of multi-Billion industry.
http://news.investors.com/111315-780752-plug-power-3m-team-on-advanced-fuel-cell-stack.htm?ven=yahoocp&src=aurlled&ven=yahoo
EV Market, it is a huge new field for them and I believe they will spend a lot to grow. Actually PLUG will create such start platform for them. On one hand it isn't bad for PLUG but on the other:
Lets say 3M will put all $30M in cash on development product for EV market. So $30M/4 = $7.5/quarter.
BUT PLUG has been losing much more then MMM will be able to pay for R&D.