EBI Securities Corporation Raises IMPCO
Technologies, Inc. From a Buy to a Strong Buy
DENVER, Dec. 15 /PRNewswire/ -- The following is being issued by EBI Securities Corp., a member of the National
Association of Securities Dealers, CRD Number 16184:
EBI issued a new update on IMPCO Technologies, Inc. (Nasdaq: IMCO - news) and raised its rating from a Buy to a Strong
Buy. EBI noted that IMCO will continue to exploit its leadership position as a provider of gaseous fuel components to augment
worldwide alternative fuel initiatives aimed at reducing automobile emissions and oil dependence amongst both industrial and
developing nations. EBI sees IMCO's core business as positioned to grow revenues in excess of 20% annually for the next
several years and EPS at even faster rates. In addition, EBI believes that IMCO has developed technologies, which will play a
major role in the augmentation of coming fuel cell propulsion technologies. EBI believes that companies like Ballard Power
Systems Inc. (Nasdaq: BLDP - news), in conjunction with major automotive manufacturers, have developed viable fuel cell
propulsion offerings which will result in the commercialization of hydrogen powered cars for the 2004 model year. In this
regard, EBI added that the major offerings IMCO will provide to the fuel cell propulsion equation are onboard fuel tanks,
gaseous fuel injectors, electronics, algorithms and software, which will support the efforts of fuel cell propulsion development
companies like Ballard Power.
Information and statements contained herein, other than historical information, should be considered forward looking, which
involve risk and uncertainties. EBI Securities Corp., its officers, directors and affiliates may maintain positions in the securities
referenced, which may change at any time without notice. EBI is a market maker in the common stock of IMCO. The securities
referenced are speculative in nature and may not be suitable for your investment objective. Additional information is available
upon request.
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