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H Power Reports 2002 Results

August 8, 2002 [SolarAccess.com] Fuel Cell developer H Power Corp. reported its fiscal 2002 fourth quarter and year-end results for the period ended May 31, 2002. The company reports: the signing of an amended operating agreement with ECO Fuel Cells; Reduction of certain production costs by 20 percent, and continued improvements in system reliability; the Osaka Gas trials of H Power’s 500-Watt proton exchange membrane (PEM) residential cogeneration fuel cell system; and the delivery of a 4.0 kW cogeneration fuel cell system to Naps Systems Oy.