Wednesday, October 14, 2009 2:31:57 AM
http://www.viaspace.com/press_article.ph...
"On May 9, 2009 IDG News Service reported Toshiba's aggressive midterm management plan to dramatically increase corporate profits. According to IDG, "Thursday's announcement represents Toshiba strongest commitment yet to getting DMFCs out of the door. Toshiba has set aside a portion of its capital expenditure to build a DMFC production line and products are now expected this fiscal year, which is the period to the end of March 2009."
And remember when we were jumping for joy back when VSPC released their 10K because it contained some interesting language regarding Toshiba:
"According to Frost & Sullivan, the market for commercial fuel cells used in portable devices is expected to reach $616 million by 2013. Toshiba expects that its share of DMFCC device sales will be $1 billion by 2015. Frost & Sullivan also projects 72 million fuel cell powered electronic devices will be sold annually in about five years. These 72 million notebook computers and cell phones are expected to use 3 billion cartridges per year. DMFCC cartridge revenue has the potential to grow rapidly when Samsung and Toshiba introduce their fuel cell-based products."
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Also, one of the men, Rick Calacci, on the VSPC board of directors, among his other positions like with Sharp, was Vice President of Toshiba Sales:
"Vice President Sales of Toshiba America Consumer Products, a leading global consumer electronics and computer company from 1995 to 2001. Served in other roles as Regional General Manager, Central Zone Vice President and Western Sales Group Vice President — 1984 to 1995"
So we seem to have some sort of connection with Toshiba working in our favor.
The refilling on 15 times really caught me off guard too though. I'm not sure what to make of it...
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