eHydrogen Solutions Reports $3,600,000 Income and Increases Asset Valuations Upon Completion of Phase I of Joint Development Agr
2010年6月15日 - 5:15AM
Marketwired
(PINKSHEETS: EHYD) eHydrogen Solutions, Inc. (eHS) reports $3.6
million income earned today upon the completion of the Development
phase of the Joint Development Agreement for the US Home Heating
and Power Market.
The Joint Development Agreement signed in February 2010
initially called for product development and adaptation for the
home heating retrofit market in the US, with options for additional
distribution areas.
Based on results achieved in efficient on-demand hydrogen
production to a level that could both heat a standard home and
generate a portion of electrical energy to meet domestic needs, the
agreement was amended in March to include both the US Home Heating
retrofit market and the US Home Power market, bringing the total
market to excess of $30 billion.
The parties will immediately commence the next phase of the
Agreement and further updates will be provided as to the
demonstration, production and market analysis strategies.
The Company recently announced Intellectual Property (IP)
Transfer Agreements totaled over $6.7 million, which include
advanced Photoelectrolysis, artificial Photosynthesis and reactive
metal technologies to eHs' core ODHP technologies. These
technologies, particularly its H-Solaris and H2-Reactor Distributed
Energy projects, have increased the volume of on-site hydrogen to
levels sufficient to meet the fuelling requirements of Combined
Heat & Power systems and wide range, Distributed Powers
solutions.
The H-Solaris and H2-Reactor technologies, when integrated into
a sophisticated Distributed Power network, can provide and store
sufficient energy to heat and power a home economically on-site, at
little cost, with no outside power source and does not need to be
transported, resulting in a 'perfect' clean, and sustainable
Distributed Energy source.
The Company believes Distributed Power Generation, for both
residential and commercial use (both for Combined Heat & Power
and as a Hydrogen source for fuel cell vehicles and power
generation), is an emerging growth sector promising to become a
significant and vital energy option primed for strong sales growth
of the company's holdings and technologies.
The Company's recent IP asset acquisitions and developmental
progress of key On Demand Hydrogen Production (ODHP) technologies
have enabled the company to expand its operations to the critical
Technology Development & Demonstration phase of the Innovative
Cycle, which includes Prototype, Demonstration and Market Analysis.
The Company has assembled experienced cross-functional teams to
guide each innovation acquisition, technological adaptation and
system integration through the required steps to successful
commercialization.
The Company encourages collaborative development of its core
ODHP technologies through its Collaboration Opportunities portal on
its recently updated website @ www.eHydrogenSolutions.com.
The Company believes its acquisition and growth-oriented
business plan will provide stockholders with consistent equity
growth and access to the multi-billion dollar alternative energy
industry through its licensing and distribution of hydrogen-powered
energy systems and solutions.
About eHydrogen Solutions
eHydrogen Solutions (eHs) specializes in the development of On
Demand Hydrogen Production (ODHP) technologies designed to produce
hydrogen in the most cost effective, environmentally friendly and
sustainable manner possible for integration in to a number of clean
energy Distributed Power solutions. In addition to providing "on
demand" hydrogen technologies for aftermarket hydrogen enhancement
applications that increases the efficiency of virtually any
combustion process, eHs' portfolio of On Demand Hydrogen Production
(ODHP) technologies enables the integration with fuel cell
applications, advanced battery technologies, Combined Power &
Heating systems, Hydrogen Internal Combustion Engines (HICE) and
other energy efficient and environmentally friendly power
generating devices.
eHs' proprietary ODHP technologies are available to qualified
partners in a wide variety of vertical and/or geographic markets
worldwide, through joint development/adaptation, distribution and
production agreements.
Safe-Harbor
This release contains statements or projections regarding future
performance that is forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties. The company's filings contain various RISK
FACTORS (and are incorporated on the Company's website "Investors"
section by reference) and should be read before any investment
decision.
The company maintains its web site at:
www.eHydrogenSolutions.com
Contact: eHydrogen Solutions Investor Relations Tel: +1
(775)-636-6077 info@eHydrogenSolutions.com
Ehydrogen Solutions (CE) (USOTC:EHYD)
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