eHydrogen Solutions Reports US Home Heating JV Breakthrough and Expands Market Scope; Target Market More Than Doubles to $30 Bil
March 05 2010 - 2:41PM
Marketwired
(PINKSHEETS: EHYD) eHydrogen Solutions, Inc. (eHS) is pleased to
announce that its recently announced Joint Development Agreement
for US Home Heating Market has achieved a major development
breakthrough and, in response, has expanded its market scope. The
developmental breakthrough relates dramatic increases 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.
Advances achieved in the production levels in the production of
hydrogen through electrolysis (powered by a combination of
sustainable power sources) was achieved through the application of
advances in nanotechnology, electrical pulsing, metal selection and
electrolyte formulation.
Being able to produce enough gases to power both a home heating
unit and a power generator has opened up a vast new market
potential in both the home heating and residential electricity
power generation. The US home heating retro fit market alone is in
excess of $15 billion. The addition of residential electrical power
production would certainly more than double the market potential to
in excess of $30 Billion. The JV has allocated additional resources
to the development process.
The Company recently announced a $2,000,000 Intellectual
Property (IP) Transfer Agreement which substantially expanded its
core On Demand Hydrogen Production (ODHP) technologies. In addition
to its advanced electrolysis technologies, the Company has now
acquired new leading edge ODHP technologies, including real-time
hydrogen production utilizing a combination of Reactive Metals,
nanotechnology and plasma reformation.
The Company will provide timely progress updates regarding the
integration with its newly acquired ODHP core technologies into its
existing developmental Joint Ventures and developmental
initiatives.
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 solutions. In addition to providing an "on demand" hydrogen
source for aftermarket hydrogen enhancement applications that
increases the efficiency of virtually any combustion process, eHS
scope of On Demand Hydrogen Production (ODHP) technologies enables
the integration with fuel cell applications, advanced battery
technologies and Hydrogen Internal Combustion Engines (HICE).
eHS' proprietary ODHP technologies is available today 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 press release contains statements (such as projections
regarding future performance) that are forward-looking 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 website and prior
SEC and Pink Sheets filings contain various disclosures and RISK
FACTORS (incorporated herein 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
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