SOURCE: IO NewsWire

March 02, 2012 07:31 ET

GreenCell, Inc. (GCLL) Completes Automotive Sensor System, Plans to Move Into Fuel Cells

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - Mar 2, 2012) - GreenCell, Inc. (OTCBB: GCLL) announced yesterday that they have developed a new ceramic seal system for automotive oxygen sensors, the first commercial application will be as an intermediary seal between automotive ceramic sensors and the metallic housing they are sealed in. The company will begin work on fuel cell applications in the near future.

SBI Energy research estimates that the market grew from $353 million in 2005 to $498 million in 2009, and a compound annual growth rate (CAGR) of 20% is expected through 2014. Analysts with SBI Energy say the fuel cell industry has emerged as an international heavyweight with the potential to reshape how energy is produced and used for residential and commercial consumption, transportation, and electronic devices.

Industry experts offer a wide range of predictions about which sectors will win the lion's share of the fuel cell market in the coming years. Some believe fuel cell cars will be widely available to buyers by 2015.

Other active stocks are Legend Oil & Gas (OTCBB: LOGL) Apple, Inc. (NASDAQ: AAPL) and Sirius XM Radio (NASDAQ: SIRI).

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