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Heliocentris Fuel Cells today announced its financial results in accordance with German Accounting Standards (HGB) for the fiscal year 2007, ending December 31, 2007. The company achieved Group revenues of EUR 2.09 million (2006: EUR 1.72 million), which is a 22 % increase over 2006. The company reports a net loss of EUR 1.39 million compared to a net loss of EUR 0.48 million in the previous year. The increased net loss includes capital market expenses of EUR 0.42 million. Revenues and net loss were in line with the company's expectations. At the end of 2007, Heliocentris' cash position quadrupled to EUR 5.43 million from EUR 1.36 million in 2006.
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