Young industries are typically characterized by shakeouts where numerous ventures enter with hopes of capturing an attractive market opportunity only to face heightened competition and a culling process where only the most viabletechnologies and business models survive.
The purpose of the program is to facilitate the development of commercially viable fuel cell bus technologies and increase public acceptance of the fuel cell vehicles.
Since then the investment world has gone on to other fashions, but it's worth remembering that all those Nasdaq companies are still viable concerns today, creating technologies or expanding their businesses rapidly.
The study also showed that the SVF cells produced by IntelliCell contain all of the viable cells that are manufactured by competing technologies that use enzymes, such as Cytori.
Almost all of the increase in domestic natural gas production is expected to come from shale gas, a resource which has seen its output rise rapidly as technologies like hydraulic fracturing have made it viable to exploit the resources relativity economically.
Other than rising oil prices, the reason for this shift is that new and controversial technologies such as fracking and horizontal drilling have multiplied the amount of viable deposits in unexpected places.