eHydrogen Solutions' ODHP Meets Hydrogen Fuel Requirements: Fuel Cell Light Vehicles to Reach 2.8 Million by 2020
June 02 2010 - 8:30AM
Marketwired
eHydrogen Solutions, Inc. (PINKSHEETS: EHYD) announced today its On
Demand Hydrogen Production (ODHP) technologies and development
technologies meet the requirements to provide on-site hydrogen
production for both in-home and commercial Hydrogen Filling
Stations required to meet the infrastructure needs of the growing
vehicle Hydrogen Fuel Cell vehicle market.
In its new report Pike Research, a market research and
consulting firm that provides in-depth analysis of global clean
technology markets, predicts that fuel cell vehicles (FCV) will be
commercially launched in most regions of the world by 2014, and
cumulative sales of fuel cell cars and trucks will surpass 2.8
million vehicles globally by 2020.
With substantial support from the largest automakers, the
pressure is on to make sure that hydrogen fueling stations are
available to support this emerging market. Pike Research forecasts
that fuel cell transit buses will be at the vanguard of the FCV
movement, with sales growing at a compound annual growth rate of
31.7% by 2015. Fuel cell light vehicles will be commercially
launched in 2014 in most regions of the world, and their sales will
reach almost 670,000 vehicles per year by 2020.
The addition of advanced Photoelectrolysis, artificial
Photosynthesis and reactive metal technologies to eHs' core ODHP
technologies, particularly its H-Solaris and H2-Reactor Distributed
Energy projects, has increased the volume of on-site hydrogen to
levels sufficient to meet the fuelling requirements of Hydrogen
Fuel Cell Vehicles.
This has important potential implications, since hydrogen can be
produced on-site, at little cost using no outside energy source, on
the sun or reactive metals and water; and does not need to be
transported.
As a result of recent acquisitions and development progress in
its core ODHP technolgies, eHydrogen Solutions (eHs) has emerged as
a focused Intellectual Property and Technology holding company that
specializes in the acquisition and development of ODHP technologies
designed to produce hydrogen in the most cost effective,
environmentally friendly and sustainable manner possible for
integration in to a wide variety of clean energy solutions.
The Company has made important technical and financial resources
available to support this strategic paradigm shift in its
development strategy. Included are a corporate-wide re-branding and
the commencement of its pioneering Development & Demonstration
Collaboration program of its proprietary On Demand Hydrogen
Production (ODHP) Technologies.
The Company encourages collaboration with public, private and
institutional partners in all phases of the development cycle; and
accepts submissions from both joint venture development partners
and inventors on its website at www.eHydrogenSolutions.com
The Company intends 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 core technologies are integrated
into its development and partnership programs.
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 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) is a Intellectual Property and
Technology holding company that specializes in the acquisition and
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 wide variety 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 (such as trucks,
commercial vehicles, passenger, stationary generators, etc), eHs
scope of On Demand Hydrogen Production (ODHP) includes advanced
technologies capable of producing sufficient volume of hydrogen to
enable 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.
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.
Contact: eHydrogen Solutions, Inc. Investor Relations
Tel: +1 (775)-636-6077 www.eHydrogenSolutions.com
info@eHydrogenSolutions.com
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