Business Energy Tax Credit
13/04/2010 7:00am
UK Regulatory
TIDMIDA
RNS Number : 0609K
IdaTech PLC
13 April 2010
For Immediate Release
13 April 2010
Business Energy Tax Credit
IdaTech plc ("the Company") today announces that its appeal to the Oregon
Department of Energy ("the Department") for the re-instatement of the Business
Energy Tax Credit ('BETC') for 2009 has been unsuccessful. The Company has
decided not to pursue the matter further. As previously stated, the Company has
already factored this outcome into its business plans and does not expect it to
create a material change from existing guidance.
For further information please contact:
+----------------------------------+----------------------------+
| IdaTech plc | +1 541 383 3390 |
+----------------------------------+----------------------------+
| Harol Koyama, Chief Executive | |
| Officer | |
+----------------------------------+----------------------------+
| James Cooke, Chief Financial | |
| Officer | |
+----------------------------------+----------------------------+
| | |
+----------------------------------+----------------------------+
| Numis Securities Limited | +44 (0) 20 7260 |
| | 1000 |
+----------------------------------+----------------------------+
| Michael Meade | |
+----------------------------------+----------------------------+
| | |
+----------------------------------+----------------------------+
| Buchanan Communications | +44 (0) 20 7466 5000 |
+----------------------------------+----------------------------+
| Charles Ryland / Catherine Breen | |
+----------------------------------+----------------------------+
About IdaTech
IdaTech plc is an advanced fuel cell products company which is operationally
headquartered in Bend, Oregon, USA and is listed on AIM with the ticker code
IDA.
IdaTech designs, develops, and manufactures extended run backup power fuel cell
products for Telecom applications requiring 100 W to 15 kW of backup power.
IdaTech's unique PEM fuel cell technology provides solutions for a wide range of
applications to directly support efforts towards sustainable energy.
IdaTech's portfolio of industry-certified fuel cell products are based on the
company's fuel processing, purification and fuel cell system integration
capabilities. With the support of strategic partners and customers, the
company's extended run backup power products are being deployed worldwide for
stationary applications.
Additional information may be obtained by contacting the company direct or by
visiting its website at http://www.idatech.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFMGMDKZDGGZM