eHydrogen Solutions to Benefit From Department of Energy's $100 Million Funding to ARPA-E; Research Initiatives to Be Accelerate
March 11 2010 - 8:30AM
Marketwired
eHydrogen Solutions,
Inc. (eHs) (PINKSHEETS: EHYD) cites Energy Secretary Steven
Chu's March 2, 2010 funding announcement as validation of the
Company's recent strategy announcements and expects its technology
acquisition and recent advances to accelerate the research and
development cycle of its Distributed Energy Initiatives.
At the March 2, 2010 inaugural Advanced Research Projects Agency
- Energy (ARPA-E Energy Innovation Summit), U.S. Energy Secretary
Steven Chu announced $100 million in Recovery Act funding will be
made available to accelerate innovation in green technology,
increase America's competitiveness and create new jobs. "This is
about unleashing the American innovation machine to solve the
energy and climate challenge, while creating new jobs, new
industries and new exports for America's workers," said Secretary
Chu.
In addition to its advanced electrolysis hydrogen production
technologies, the Company recently acquired new ODHP technologies,
including real-time hydrogen production utilizing a combination of
Reactive Metals, nanotechnology, Photoelectrochemical water
splitting and plasma reformation. The technological advantages
provided by these acquisitions will significantly advance the
company's development cycle into several new product and
developmental cycles.
The Company's hydrogen generators produce ZERO emissions and the
only by-product of combustion is water.
The company's new development cycles include heating, power
production, fuel cell applications, advanced battery storage
technologies, Hydrogen Internal Combustion Engines (HICE) and
Distributed Power solutions; all using the Company's advanced
hydrogen production.
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.
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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