Fuelcell Energy Inc (NASDAQ:FCEL) Restructures Financially, Gains 9001:2008


Dallas, Texas 08/07/2014 (FINANCIALSTRENDS) – FuelCell Energy Inc (NASDAQ:FCEL) the fuel cell technology pioneer in a press release noted that, its production and “Quality Management System is now ISO 9001:2008 certified, reinforcing the Company’s core values of continual improvement and commitment to quality.”

FuelCell Energy Inc (NASDAQ:FCEL) Chief Operating Officer Tony Rauseo, noted that “The ISO 9001:2008 certification conveys the stringent and robust quality standards incorporated throughout our business and supports our selling initiatives by facilitating the due diligence our customers undertake.”

The certification now gives the company the industry recognition of the advanced quality control measures Fuel Cell implements not only in the business aspects but on the design as well as manufacturing verticals as well. Service segment remains the mainstay of this technology-driven company.

The technology which Fuel cell implements are the production of electricity through a electrochemical process involving different types of fuel sources.

Burdens Of R&D Weigh-In

FuelCell Energy Inc (NASDAQ:FCEL) is one of the pioneering fuel cell technology companies which has been able to remain ahead of the innovation curve and invest in developing and incorporating technology nuances in fuel cell domain. However, in recent times the company has had to bear the burden of concentrated research and development, in the form of additional expenditure. This reflected as non-profit activity in the company’s financial report, triggering investor disenchantment. Therefore, this time around the company has been re-strategizing and had effectively brought down the cost of the technology as well as manufacturing costs by working out a partnership with NRG to build co-marketing expertise, besides beneficial financial reconstruction.

Restructures To Turn-Key Dev

FuelCell Energy Inc (NASDAQ:FCEL) has therefore address pressing needs towards higher financial agility by moving to turn-key project development, besides develop sales infrastructure as well with new partners such as NRG. Now it has the technology expertise to move into base load generation mix over testing and R&D phase.