eHydrogen Solutions Releases Investor Guidance on Business Objectives; Leverages $2,000,000 Acquisition to Add 1 Billion Custome
March 09 2010 - 8:30AM
Marketwired
eHydrogen Solutions,
Inc. (eHS) (PINKSHEETS: EHYD) announced today its enhanced and
expanded business strategy and market objectives. The initiatives
center around the recently announced $2,000,000 acquisition of
Intellectual Property (IP) and core On Demand Hydrogen Production
(ODHP) technologies. In addition to its existing electrolysis
technologies, the Company now possesses new leading edge ODHP
technologies, enabling real-time hydrogen production utilizing a
combination of reactive metals, nanotechnology and plasma
reformation. The acquisition creates new market potential of more
than a billion customers.
The Company's ODHP technologies, together with the Company's
recently announced advancement in hydrogen production levels, has
expanded the development focus to include heating, power
production, fuel cell applications, advanced battery storage
technologies, Hydrogen Internal Combustion Engines (HICE) and a
number of other advanced Distributed Power solutions; all requiring
advanced hydrogen production as their zero emissions power
source.
The Company develops and licenses several technologies and power
systems founded on its core IP holdings. Based on current market
demand, the developmental focus will be directed to the following
markets:
1. ODHP to provide hydrogen to fuel Hydrogen Internal Combustion Engines
(HICE):
a. Home Combined Heating and Power (CHP) - 111,100,000 US Households
b. Motorcycles - US Market 12,000,000
c. Passenger vehicles - 667,778,000 existing Market
d. Fork lifts, golf carts - US Market 5,000,000
2. ODHP to provide hydrogen required in Fuel Cell applications:
a. Passenger Cars - 667,778,000 -
b. Combined Heating and Power for;
i. Home Use - 232,000,000 Market
ii. Industrial Use Total Market - 1,790,000 Market
3. Hydrogen Combustion Enhancement Systems for fuel and emission reductions
for:
a. Trucks, Total Market (on- and off-road, combined) - 35,400,000
vehicles
b. Commercial Vehicles (Light Trucks) - 178,933,000 vehicles worldwide
c. Light Vehicles - Total Market - 667,778,000 worldwide
d. Stationary Power Generation - Total Market - 3,525,000
e. Natural Gas Home Heating Total World Market - 232,000,000
f. Commercial Marine Vessels Total Market - 250,000 Market
The convergence of utility restructuring, technology advances,
public environmental policy and an expanding energy market provides
revenue opportunity for Distributed Power Generation. The Company
believes this emerging sector promises to become a significant and
vital energy option primed for strong sales growth created by the
company's holdings and technologies.
The Company will make further announcements on the progress of
each of these new initiatives and as the various core technologies
are integrated into its development and partnership programs.
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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