Future Power Industry Gains Market Share in Q1 and Plans to Expand into China by Q4 of this Year

April 28, 2010 - PRLog -- Future Power Industry's executive finance committee and board of directors announced today that the company plans to launch an initiative to expand the firm's core business into mainland China by Q4 of this year as a result of a pickup in business that has accelerated at a breakneck pace. Management also announced that the company's flagship TE1-8 solar concentrator has gained at least 17.9% market share over rival products in the same industry and that accelerated growth for that product is expected to continue going forward.

Independent analysts in the industry are also very optimistic about the future prospects of Future Power Industry. According to Business Prof. Jason Edward Myers from the TWA CR Institute, Future Power Industry is in a unique position due to the tax & trade benefits the company enjoys in Costa Rica. In addition to this, Prof. Myers also stated that Future Power Industry is not leveraged like most of the other players in the renewable energy sector which gives the company a competitive advantage when it comes to marketing the firm's various products to corporate clients.

The board and executive committee at Future Power Industry, S.A. also stated that they anticipate steady and reliable growth in the firm's line of hydrogen fuel-cell products such as the company's newly launched Gen4 Hydrogen Fuel-Cell (PEM) Reactor & Generator.

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Future Power Industry is a vertically integrated manufacturing and energy research & development company. FPI sells its various products to project developers, system integrators and dealer networks that engage in renewable energy projects in the United States, Costa Rica and Europe. FPI also focuses on designing and deploying various solar and hydrogen fuel-cell (PEM) commercial projects for government authorities and utilities. FPI was founded in 1999. Future Power's corporate head office and plant facilities are based in Heredia, Costa Rica, which is a free-trade zone 2 miles from the capital San José.

FPI Website: http://www.futurepowerindustry.com