eHydrogen Solutions Increases Asset Valuation and Revenue Projections: Obama Calls for $5B in Clean Energy Tax Credits
15 July 2010 - 11:00PM
Marketwired
eHydrogen Solutions, Inc. (PINKSHEETS: EHYD) announced today it
revised upwards the revenue projections and the market value of its
core asset holdings based on Presidents Obama's call last Friday
for Congress to expand the clean energy tax credits.
Obama told an audience at the University of Nevada that a $5
billion increase in clean energy manufacturing could generate
nearly 40,000 jobs.
The Company's core On Demand Hydrogen Production (ODHP)
technologies produce hydrogen in sufficient quantities to meet most
production requirements for the growing demand Hydrogen Fueling
stations, stationary Fuel Cell applications: as well as the
Company's recently announced 'Water Car' Project to develop a fully
functioning water-fueled vehicle, converted from gasoline, to use
hydrogen produced on-board as the combustion medium.
As a result of recent acquisitions and development progress in
its core ODHP technologies, eHydrogen Solutions (eHs) stands in the
forefront as a design leader in hydrogen technologies and solutions
in the most cost effective, environmentally friendly and
sustainable manner possible for integration in to a wide variety of
clean energy solutions.
The Company now expects projected revenue and asset valuation to
substantially increase. It has recently posted revenue of $15.9
million since inception and 1,360% increase in Assets from the same
period last year. The Company's portfolio consists of proprietary
On Demand Hydrogen Production (ODHP) technologies that the Company
believes now have a potential market valuation at least tenfold the
acquisition valuation of $6,736,000.
The Company has integrated its core On-Demand Hydrogen
Production (ODHP) technologies with HICE and HFC vehicle
applications. The company recently announced its Phase I - 'Water
Car' Project. Phase II of this project will be the announcement of
a fully functioning water-fueled vehicle, converted from gasoline,
to use hydrogen as the combustion medium. When hydrogen becomes the
fuel, its combustion produces pure water.
These events have substantially increased the market value of
the Company's core assets and positioned its clean energy producing
technologies for strong recurring profits and income.
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.
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 into a number of clean
energy Distributed Power solutions. In addition to providing "on
demand" hydrogen technologies for aftermarket hydrogen enhancement
applications that increase 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
Ehydrogen Solutions (CE) (USOTC:EHYD)
Historical Stock Chart
From Feb 2025 to Mar 2025
Ehydrogen Solutions (CE) (USOTC:EHYD)
Historical Stock Chart
From Mar 2024 to Mar 2025