InvestorsHub Logo

Justfactsmam

07/25/13 11:31 PM

#85 RE: TTommy #83

MKTY, as I recall owned under 50% of Plug Power. Plug Power was financed through Detroit Edison under the leadership of Tony Early, Chairman/CEO. I dont know how or why MKTY received its interest, but I believe former GE research guys were involved in MKTY at the time and might shed some light.

MKTY rose to $260 share on the strength of its Plug Power holdings...and they sold it off to finance (to the tune of $50 million)a more advanced Fuel Cell...which became Mobion Fuel Cell...the current fuel cell technology with approx. 56 primary and over 100 secondary patents..