DCH Receives Funding CommitmentSeptember 03, 2001 by Jeff Shepard
DCH Technology Inc. (Valencia, CA) announced it has signed a stock purchase agreement with Swartz Private Equity LLC (Atlanta, GA) for up to two million shares of DCH common stock. Under the agreement, DCH retains the right to determine if, when, and how much common stock Swartz may purchase off DCH's shelf registration already in effect, subject to limitations based upon the trading volume of the company's common stock.
"We believe in the potential of alternative energy, we are very attracted to DCH's unique fuel cell and hydrogen sensing technologies, and we like their position in several niche markets," said Eric Swartz, manager of Swartz Private Equity. "We are pleased to secure what we believe will be a long-term relationship."