Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from Michael Lew – Thinkequity, LLC.
Michael Lew – Thinkequity, LLC.
The question I had is that while FuelCell should benefit from increased market adoption based on the public policy incentives and you’ve talked about the current potential backlog of customers being well funded. Are you seeing more deferrals or cancellation today is this environment or have the potential customers just decided to put off potential purchases in light of the economy?
R. Daniel Brdar
We haven’t seen any customers cancel their projects. We haven’t seen anybody back away from doing a project. The only thing that we saw here in the US was just delay because it became pretty clear with all the people we were working with, things like the projects in Connecticut, everybody’s confidence level that an ITC extension was going to happen was very high so people basically were of the, ?We have to wait until this ITC passes before we can spend more time and effort to close these projects.?
But, all the things we had in the works six months ago that were delayed by the ITC, they’re all still there and they’re all now back moving towards closure.
Michael Lew – Thinkequity, LLC.
Also, on top of ITC, when can we expect the Linde Group order to add back in to backlog or is there any unforeseen holdups right now?
R. Daniel Brdar
Right now they have to go back through their approval process. What they had to do is because we had to delay this with the ITC, they had to go back out for new construction bids because it had been long enough that their management wanted to see updated installation bids. That process is complete, it’s now back to their board for approval so we would expect to see that get finalized here short term.
Michael Lew – Thinkequity, LLC.
Also, one last question, with regards to the technology upgrade side, are the customer inquiries, RFPs, noticeably now shifted? Also, obviously with the benefits of the public policy incentives are the RFPs now noticeably shift towards a multi megawatt product from the sub megawatt? Are you seeing that?
R. Daniel Brdar
Yes, we’re seeing in basically all the markets, our whole business, looks like it’s all going towards megawatt and multi megawatt. I think especially now that we have megawatt class units out there operating, they have a good operating history and this expansion here in the US of the investment tax credit, everybody’s increasingly moving towards doing larger and larger installations.
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