eHydrogen Solutions Anticipates Federal Support for R&D Collaborations to Meet Aggressive Federal Emission Regulations: First Ca
April 14 2010 - 8:30AM
Marketwired
(PINKSHEETS: EHYD) eHydrogen Solutions, Inc. (eHS), is ideally
positioned with a portfolio of specialized hydrogen and energy
production designs and systems to benefit from the increased
federal funding programs to meet the Federal 'Tailpipe
Regulations.'
The federal government took its first formal step to regulate
global warming pollution on April 1st by issuing final rules for
greenhouse gas emissions for automobiles and light trucks. The new
tailpipe rules, jointly written by the Transportation Department
and the Environmental Protection Agency, set emissions and mileage
standards that would translate to a combined fuel economy average
for new vehicles of 35.5 miles per gallon by 2016. The rules are
expected to cut emissions of carbon dioxide and other heat-trapping
gases about 30 percent from 2012 to 2016.
Additionally, the EPA is now writing greenhouse gas standards
for stationary sources, like power plants, steel mills and
refineries; a much larger effort whose impact will be felt across
the entire economy.
While the car and light truck regulations would save the owner
of an average 2016 car about $3,000 in fuel over the life of the
vehicle and eliminate emissions of nearly a billion tons of
greenhouse gases over the lives of all regulated vehicles, the
technology to meet these regulations is not in place. eHS is
ideally positioned to offer technology to reduce or eliminate
vehicle emissions.
At the same time, the federal government has established a
number of programs to support the technology innovation required to
meet these aggressive emission standards. 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 the after-market application, the Company's ODHP
technology can be integrated into the original engine design for
car and light trucks. Additionally, the recently announced
H-Solaris and H2-Reactor projects, together with the Company's
hydrogen electrolysis technologies, when integrated into a fuel
cell, hydrogen powered generator and/or advanced battery storage,
enable sufficient hydrogen production to power a wide variety of
residential, commercial and industrial applications, particularly
the expanding Combined Heat and Power (CHP or Cogeneration)
projects. This has important implications, since hydrogen can be
economically produced on-site and does not need to be
transported.
The Company's recent acquisition of key On Demand Hydrogen
Production (ODHP) technologies (such as: Photoelectrolysis and
artificial Photosynthesis, water and reactive metal alloys) enabled
the company to expand its operations to the critical Technology
Development & Demonstration phase of the Innovative Cycle,
which includes Prototype, Demonstration and Market Analysis. The
Company has assembled experienced cross-functional teams to guide
each innovation acquisition, technological adaptation and system
integration through the required steps to successful
commercialization.
The operational and strategic expansion will be accompanied by
new marketing and corporate branding initiatives supported by an
upgraded website reflecting the Company's core holdings and
technologies. Shareholders can expect frequent updates on the
company's expansion and new operations.
The Company believes its acquisition and growth-oriented
business plan will provide stockholders with consistent equity
growth and access to the multi-billion dollar energy industry
through its licensing and distribution of hydrogen-powered energy
devices and solutions.
The Company continues to develop and license a variety of
technologies and power systems founded on its core holdings and
will make further announcements on the progress of each of these
new initiatives as the various 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 Distributed Power 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, Hydrogen Internal
Combustion Engines (HICE) and other power generating devices.
eHs' proprietary ODHP technologies are available 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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