Hydrogen Engine Center, Inc. and Wisconsin Motors Sign a Joint Venture
2010年10月14日 - 6:23AM
ビジネスワイヤ(英語)
Hydrogen Engine Center, Inc. (“HEC”) (Pink Sheets: HYEG)
announced today that HEC and Wisconsin Motors (WM) have signed an
agreement to form Oxx Power Continental, a JV, to produce a wet
sleeve version of the Oxx Power 4.9L six cylinder engine. The new
engine will replace both the Ford F300 and the Oxx Power 4.9L
engines in the industrial market. Wisconsin Motors intends to
certify these engines on traditional fuels (gasoline, natural gas
and propane) while HEC intends to use alternative fuels such as
hydrogen, ammonia, syngas, ethanol and methanol.
The team will start testing the new engine this month and hope
to introduce the new engine late in the fourth quarter. The new
engines will be machined at V&L Tool in Wisconsin, assembled at
Wisconsin Motors facility in Dyer, Tennessee. Alternative fuel
systems and controls will be added at HEC. Alternative fuel
electrical generator systems will be built at HEC in Algona, Iowa.
The Dyer facility is almost a quarter million square feet and has
five test cells for EPA emission certification. This frees up
needed space in Algona to expand HEC’s genset business.
“The demonstration of this engine will complete years of
development work and will allow the sale of systems worldwide
without concerns about having to ever replace the engine blocks.”
says Ted Hollinger, HEC President. Ted says he likes to think of
the new engine as a “forever engine” because the engine block
should never wear out.
Gerald (Gerry) Schaefer, president of Wisconsin Motors stated,
“The opportunity to add a proven six cylinder engine to our product
line is exciting. This will complete our product line and nicely
complements the Wisconsin Motors offerings.”
To get started WM picked up 206 engine blocks from HEC and took
them to Wisconsin for machining. Two more similar loads will
follow.
About Hydrogen Engine Center, Inc.Hydrogen Engine Center,
Inc. designs, manufactures and distributes flex and alternative
fuel internal combustion engines and power generation equipment for
distributed power, agricultural, industrial, airport ground
support, vehicular, business and home applications. All HEC engines
and generators are capable of running on a multitude of fuels,
including but not limited to hydrogen, gasoline, propane, natural
gas, ethanol and now ammonia. HEC trades on the Bulletin Board
under the symbol “HYEG.PK.” Its principal offices are located at
2502 E Poplar St., Algona, Iowa 50511. Visit
www.hydrogenenginecenter.com or call 515-295-3178 for more
information.
This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, acceptance of the
Company's products, increased levels of competition for the
Company, new products and technological changes, the Company's
dependence on third-party suppliers, and other risks detailed from
time to time in the Company's periodic reports filed with the
Securities and Exchange Commission.
Hydrogen Engine Center (PK) (USOTC:HYEG)
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Hydrogen Engine Center (PK) (USOTC:HYEG)
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から 1 2024 まで 1 2025