Executive Summary
IdaTech plc, since its inception, has developed technologies for fuel cells and related applications. IdaTech's initial focus was on hydrogen purification technologies and fuel reforming and the Company has subsequently developed its own fuel cell stack and expertise in systems integration. Through its technology, IdaTech seeks to address the growing demand for clean, convenient, dependable and scalable sources of power. IdaTech is focused on commercial markets in which current solutions are arguably inferior to fuel cell technology, principally industrial markets such as the provision of backup power for wireless and wireline telecommunication network base stations and power for materials handling vehicles such as forklift trucks. IdaTech is also developing technology to address additional opportunities in consumer and industrial markets, such as the provision of backup and auxiliary power for recreational vehicles and applications in diesel emissions reduction. The Directors believe that this parallel approach positions IdaTech to address both near and longer term markets for fuel cells and related systems. The principal place of business of IdaTech is at Bend, Oregon, United States.
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