GreenChek Announces Update on Third Party Certification in France
13 May 2010 - 10:45PM
Marketwired
GreenChek Technology Inc. (OTCBB: GCHK), a leading globally focused
provider of hydrogen-based technology for mobile transportation and
stationary power generation applications, is pleased to report that
its ERD™-3.0 emissions reduction device is nearing completion of
third party verification in France.
After several months of real time and baseline emissions testing
on heavy duty vehicles, the ERD™-3.0 has been proven reliable and
has obtained excellent results thus far. Management is of the
opinion that adherence to a 'process of continuous improvement' is
vital to a sustainable product. The ERD™-3.0 is currently
undergoing the most stringent and prestigious levels of compliance
in France and, once completed, is believed to be the first product
of its kind to attain independent, third party validation for
meeting environmental performance benchmarks for emissions
reduction devices; while at the same time increasing fuel
economy.
According to the Commission of the European Communities (2007),
road transport contributes about one-fifth of the European Union's
total emissions of carbon dioxide and is one of the few sectors
where emissions are still rising rapidly. Although there have been
significant improvements in emissions reduction technologies,
emissions from transportation vehicles still rose by 26 percent
between 1992 and 2006. EU Directives for mandatory greenhouse gas
(GHG) emissions reductions is part of a wider strategic and
economic requirement regarding GHG management that affects
organizations across the globe. Since this legislative act
implementation, there has been a surge in demand and importance for
third party verification.
GreenChek's President, Lincoln Parke, states, "Undergoing a
stringent verification process reflects our commitment to
continually produce a truly impressive and sustainable emissions
reduction and fuel savings product. We anticipate and are excited
about passing this final technology testing milestone and look
forward to the 'green light' in bringing our state-of-the-art
ERD™-3.0 to commercial production very soon."
About GreenChek Technology Inc. GreenChek
Technology Inc. is traded under the symbol GCHK on the OTCBB
exchange and is headquartered in San Francisco, California.
GreenChek manufactures and distributes hydrogen injection
technology that is primarily focused on mobile transportation
applications, as well as stationary power generation applications.
GreenChek manufactures an emission reducing device simply known as
the ERD™, which can be retrofitted to any vehicle regardless of
fuel source. GreenChek provides innovative world-class mobile
Greenhouse Gas (GHG) emissions reduction technology, while greatly
enhancing fuel economy for the mobile transportation industry.
GreenChek's Onboard Hydrogen Generation and Injection (OHGI)
technology is positioned to occupy the pre-eminent position in the
emerging market for emissions reduction technology and fuel economy
enhancement.
Safe Harbor Statement Statements in this
press release regarding GreenChek's products, services,
capabilities, performance, opportunities, development and business
outlook that are forward-looking involve and are subject to known
and unknown risks, uncertainties and other factors, some of which
are beyond GreenChek's control and difficult to predict, and could
cause actual results to differ materially from those anticipated,
expressed or forecasted in the forward-looking statements. Such
risks and uncertainties may include, but are not limited to: lack
of operating history, transitioning from a development company to
an operating company, difficulties in distinguishing GreenChek's
products and services, ability to manufacture and deploy
GreenChek's products, lack of or delay in market acceptance and
fluctuations in customer demand, dependence on a limited number of
significant customers, reliance on third party vendors and
strategic partners, availability of raw materials, subassemblies
and components, ability to meet future capital requirements on
acceptable terms, continuing uncertainty in the emissions reduction
industry and the global economy, compliance with federal and state
regulatory requirements, timing, availability and success of new
technology and product introductions and the other factors
discussed in GreenChek's filings with the Securities and Exchange
Commission.
For Further Information Contact: Daniel Conway DC
Consulting, LLC (407) 792-3332 investorinfo@dcconsultingllc.com
Greenchek Technology (CE) (USOTC:GCHK)
Historical Stock Chart
From Dec 2024 to Jan 2025
Greenchek Technology (CE) (USOTC:GCHK)
Historical Stock Chart
From Jan 2024 to Jan 2025