DCH Outlines Business Strategy for 2002January 17, 2002 by Jeff Shepard
DCH Technology Inc. (Valencia, CA) provided an outline of its business strategy for 2002. "Entering the first full year with our new management team in place, we are confident that 2002 will be a year of significant achievement," said John Donohue, DCH president and CEO.
The top 2002 priorities for the company are to solidify DCH's financial position during the first quarter; tightly control the cash utilization rate; increase the penetration into lead markets for fuel cell systems and into established and new markets for best-in-class hydrogen sensors; and bring in a top-level sales and marketing executive with energy industry experience to identify and coordinate marketing and distribution partners.
"Overall, we expect to make substantial progress in each business line. In addition, we have engaged the services of an investment banking firm to explore opportunities with strategic investors that will provide funding for the continued implementation of our growth strategies," stated Donohue.