Annual fuel cell shipments in the portable sector grew a modest between 2010 and 2011, primarily due to a minor decline in sales in the auxiliary power unit (APU) sector, partially a result of restricted consumer spending in Europe. This shortfall was met with an increase in shipments of smaller fuel cell systems helped by initial production runs of portable electronics chargers. Early 2012 has seen a return to growth for the APU sector that we expect to continue throughout the year, bolstered by renewed interest from the military. 2012 also sees the commercial launches of several portable electronics chargers,.
