eHydrogen Solutions Acquires $1,500,000 in Assets and Furthers H-Solaris Initiative
May 25 2010 - 8:30AM
Marketwired
eHydrogen Solutions, Inc. (PINKSHEETS: EHYD) announced today the
completion of an Intellectual Property (IP) Transfer Agreement that
includes core Photoelectrolysis and artificial Photosynthesis
technologies for the energy efficient and environmentally friendly
on-demand hydrogen production.
The transaction is valued at $1,500,000 purchased through an
equity-building issuance of Preferred Stock and will create no debt
for the Company. This transaction is in addition to the
Intellectual Property (IP) Transfer Agreement completed earlier
this year and substantially expands its core On Demand Hydrogen
Production (ODHP) technologies and adds impetus to its recently
announced The H-Solaris Initiative.
The addition of these core ODHP technologies, together with
technological advances and recent government research funding, has
advanced Photoelectrolysis and artificial Photosynthesis
technologies to a level where they can be integrated into eHs'
recently announced H-Solaris Distributed Energy and CHP projects.
These processes, when integrated into a fuel cell, hydrogen powered
generator and/or advanced battery storage, will enable sufficient
hydrogen production to power a home, only using the sun and water.
This has important potential implications, since hydrogen can be
produced on-site, at little cost, and does not need to be
transported.
The Company believes that Distributed Power Generation, for both
residential and commercial use, is an emerging growth sector that
promises to become a significant and vital energy option primed for
strong sales growth of the company's holdings and technologies.
The Company's recent acquisition and developmental progress of
key On Demand Hydrogen Production (ODHP) technologies has 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 recently announced it had increased its focus and
resources to the critical Technology Development &
Demonstration phase of the Innovative Cycle, which includes
Prototype, Demonstration and Market Analysis through collaboration.
The Company believes its acquisition and growth-oriented business
plan will provide stockholders with consistent equity growth and
access to the multi-billion dollar alternative energy industry
through its licensing and distribution of hydrogen-powered energy
systems and solutions. The Company continues to develop and license
a variety of technologies and power systems founded on its core
ODHP 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 technologies for aftermarket hydrogen enhancement
applications that increases the efficiency of virtually any
combustion process, eHs portfolio of On Demand Hydrogen Production
(ODHP) technologies enables the integration with fuel cell
applications, advanced battery technologies, Combined Power &
Heating systems, Hydrogen Internal Combustion Engines (HICE) and
other energy efficient and environmentally friendly 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 release contains
statements or projections regarding future performance that is
forward-looking statements 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 filings contain various RISK FACTORS
(and are incorporated on the Company's website "investors" section
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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