eHydrogen Solutions Increases Revenue Outlook Based on Pike Research Report Underscoring Demand for the Company's CHP Systems
March 19 2010 - 8:30AM
Marketwired
(PINKSHEETS: EHYD)
eHydrogen Solutions, Inc. (eHS), announced today it increased its
revenue outlook for its Residential Distributed Energy and Combined
Heating and Power (CHP) development projects based on Pike
Research's authoritative CleanTech Update, published March 12,
2010.
The report explicitly states the "Residential Energy Efficiency
Market (is) poised for strong growth during the economic recovery.
This sector, which comprises energy efficient home improvements,
high-efficiency appliances, and home energy auditing services,
holds the potential to generate significant new revenue
opportunities as well as creating a large number of new green
collar jobs."
eHs' Residential Distributed Energy and CHP systems specifically
target the residential energy efficiency market and are all powered
by the Company's On Demand Hydrogen Production (ODHP) systems.
The Company's Distributed Energy and CHP systems are
zero-emissions solutions efficiently integrating leading edge
energy production, energy storage and space heating technologies
into self sufficient, ecologically sensitive applications for
residential use. These processes, together with advanced
electrolysis technologies, when integrated into a fuel cell,
hydrogen powered generator and/or advanced battery storage systems,
will enable sufficient hydrogen production to power and heat a home
-- with all hydrogen produced on-site.
"Demand for these products and services has increased
significantly over the past few years due to a rise in fuel and
energy prices, improved awareness and participation in green home
certification programs, and through government support. Government
programs such as the American Recovery and Reinvestment Act have
provided incentives for energy efficient products, services, and
retrofits, spurring growth in these sectors. These drivers include
increased environmental awareness among consumers, government
incentives, utility energy efficiency programs, and new offerings
and rebates from product manufacturers."
The Company recently announced a major new research and
development initiative utilizing solar energy to as the main power
source for real-time hydrogen creation direct from water. The
H-Solaris Generator design uses ordinary water to produce hydrogen
gas resulting from solar photo-reactions (synthetic
photosynthesis). The resulting hydrogen gas integrates into the
Company's On Demand Hydrogen Production (ODHP) systems for
production of electricity, heat, or both. The company estimates 1
liter of water can meet the electrical kilowatt requirements of the
average residential household.
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 develops and licenses a variety of technologies and
power systems founded on its core holdings.
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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