Natural Resources >> Analyst Interviews >> September 21, 2009

Fuel Cells:investing In Science – Brian Piccioni – Bmo Capital Markets

Brian Piccioni is a Toronto-based Analyst with BMO Capital Markets, where he primarily covers hardware stocks. Prior to joining BMO Capital Markets in 1998, he was an Analyst with another investment dealer, which specialized in researching and financing Canadian technology companies. Mr. Piccioni was previously a Hardware Manager at Eicon Technology, a data communications firm in Quebec. He holds a B.S. in biology from McGill University and an MBA from Concordia University. Profile
TWST: Please provide an overview of your coverage of the alternative energy

industry.

Mr. Piccioni: I follow Ballard Power Systems (BLDP). To its credit, Ballard has

been re-engineering