eHydrogen Solutions Signs H-Solaris Technology License With $12,000,000 Anticipated From International Sales
2010年7月6日 - 9:30PM
Marketwired
eHydrogen Solutions, Inc. (PINKSHEETS: EHYD) announced today the
signing of a $12,000,000 Technology License Agreement with VX
Marketing Group (VXMG). The Agreement calls for VXMG to develop and
distribute a range of products and solutions utilizing the
Company's H-Solaris technologies that includes core
Photoelectrolysis and artificial Photosynthesis technologies for
the energy efficient and environmentally friendly on-demand
hydrogen production.
VXMG is obliged under the terms of the agreement to enhance and
continue development, establish international distribution, build
sales networks with revenue minimums, and meet minimum royalty
payments.
This license income is in addition to the recently announced
$3,600,000 income earned upon the completion of the Development
phase of the Joint Development Agreement for the US Home Heating
and Power Market.
The Company anticipates further Joint Development and Licensing
announcements to evolve from the Company's On Demand Hydrogen
Production (ODHP) technologies and from the advances made in its
Development Projects.
The Company has started the design and integration of its core
On-Demand Hydrogen Production (ODHP) technologies with HICE and HFC
vehicle applications. The company recently announced its Phase I -
'Water Car' Project. Phase II of this project will be the
announcement of a fully functioning water-fueled vehicle, converted
from gasoline, to use hydrogen as the combustion medium.
These events have substantially increased the market value of
the Company's core assets and positioned its clean energy producing
technologies for strong recurring profits and income.
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 into a number of clean
energy Distributed Power solutions. In addition to providing "on
demand" hydrogen technologies for aftermarket hydrogen enhancement
applications that increase 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: Investor Relations Tel: +1 (775)-636-6077
info@eHydrogenSolutions.com
Ehydrogen Solutions (CE) (USOTC:EHYD)
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