Hold on a second, regarding the palladium breakthrough, could this in fact be really good news for GLW? Nobody has commented on the broadening market this creates for diesel particulate filters. Any comments? Help me out here. ----------------------------- This is taken from the news release:
"We believe this development will be welcomed by automobile manufacturers as it will increase their choice of catalyst materials for diesel emission control systems," Bank Degroof analyst Bernard Hanssens said, especially given platinum prices reaching historically high levels... The technology was designed for passenger cars AND WOULD HELP MAKE CATALYTICALLY ACTIVATED DIESEL PARTICULATE FILTERS MORE POPULAR, Umicore said.
I read an article several months back that projected an increasing market share for diesel powered cars. As I recall the writer felt that market share would increase IF the particulate emissions issue was addressed. I think the market for GLW's gear will reach far beyond trucks.
Re to:fred "I think the market for GLW's gear will reach far beyond trucks."
The fed plan was to start required on stationary in one year, then off road the next, then on road trucks (commercial) the following. Pickups and cars would then be added as the technology is firmed up. The plan was to go with the big users, combined with the users best able to prove the technology.
CA jumped the gun and they now selling pickups there with pollution systems. School buses retrofitted. Looks to me like the technology is moving forward faster than originally thought.
Huge world wide business based on health issue, and it is not junk science.
From talking with someone in the know in the division, the world wide business is many times larger than GLW could handle. Expect GLW to license it's technology to companies in Europe and Asia.