Mercedes kicks off F-Cell World Drive, circumnavigating the globe on hydrogen
Fuel cell-powered cars provide the efficiency and driveability of an electric vehicle while also offering the unlimited range of a traditional gasoline powered car -- assuming you can find a place to top off those hydrogen tanks. Right now that's a bit of a problem,...
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First Reported Feb 11 2011 - Updated Feb 11 2011 - 2 Documents
Fuel Cell and Hydrogen Energy Association Launches Campaign to...
WASHINGTON, DC -- (Marketwire) -- 02/11/11 -- The Fuel Cell and Hydrogen Energy Association (FCHEA) launched a campaign today, calling on Congress to continue funding fuel cell and hydrogen programs, which are critical to preserving U.S. leadership in ... [Published Feb 11 2011 by AOL]
Air Liquide to Fuel Coca-Cola Trucks
Air Liquide has been selected as hydrogen supplier to Coca-Cola's forklift fleet at its bottling plant and distribution centre in San Leandro, California. This is the second North American facility to see Air Liquide supplying hydrogen to forklift trucks ... [Published Feb 11 2011 by Fuel Cell Today]
World leaders offer support, advice
Feb 11 - World leaders offer their support and advice as Egyptians mark the end of Mubarak's rule. Deborah Lutterbeck reports. ... [Published Feb 11 2011 by Reuters]
Partnership dedicates hydrogen fueling station 2/11/2011 9:02 PM
2/11/2011 9:02 PM 0 comment(s) on this story to a friendIndustry professionals, state and local elected officials, Department of Energy representatives and members of the community gathered at Sage Mill Industrial Park in Graniteville on Friday to celebrate ... [Published 19 hours ago by Aiken Today]
Interpretation of Intermolecular Geometric Isotope Effect in Hydrogen Bonds: Nuclear Orbital plus Molecular Orbital Study
The Journal of Physical Chemistry A DOI: 10.1021/jp111062n ... [Published 15 hours ago by Journal of Physical Chemistry A]
How to Convert a Gasoline Engine to Run on Hydrogen
With the price of a barrel of oil going through the roof again the cost of gasoline at the pumps is just going to keep going up and up. With this in mind I think that we should all be doing whatever we can to squeeze every last mile out of a gallon of ... [Published 14 hours ago by Buzzle.com]
Entities: Hydrogen, Gasoline, Electrolysis, Oxygen, Carbon
Saturday, February 12, 2011
Hy-Drive Technologies Ltd. Seals Deal with GreenCell Tech - Yahoo! Finance
Opening Path for Increased Distribution
MISSISSAUGA, ON, Jan. 11 /CNW/ - Hy-Drive Technologies Ltd. ("Hy-Drive") (CDNX:HGS.V) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS®") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
MISSISSAUGA, ON, Jan. 11 /CNW/ - Hy-Drive Technologies Ltd. ("Hy-Drive") (CDNX:HGS.V) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS®") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Lessons From Toronto Hydro
Lessons From Toronto Hydro
The president of one of the most progressive utilities in North America doesn’t believe in smart grid. Instead, Anthony Haines, President and CEO of Toronto Hydro, said that the technology that is often labeled as smart grid is nothing more tha 20.12 19:22
Lessons From Toronto Hydro (Greentech Media) (link) The president of one of the most progressive utilities in North America ...
Toronto Hydro spied on union safety rep (link) As a health and safety representative for unionized workers at Toronto Hydro, ...
Transformer project reduces parking at Eglinton GO Station, starting November 22 (link) Tomorrow, Monday, November 22, GO Transit and Toronto Hydro workers start a ...
Less parking at Eglinton GO Station, starting November 22 (link) Tomorrow, Monday, November 22, GO Transit and Toronto Hydro workers start a ...
CUPE Ontario: Labour Minister Must Immediately Investigate Toronto Hydro's Covert Surveillance of Health and Safety Activist (link) Government Must Defend All Ontario Workers From Harassment
THES (link) Type I Saw Today: Toronto Hydro-Electric System
Massive beer vats slowly head to Toronto (link) A massive convoy of beer vats is making its way from Hamilton ...
For Immediate Release: November 9, 2010 GT5 GreenCell Develops New Wireless Product to Complement HydroCell™ unit (link) (Toronto) – GreenCell Technologies Inc. is pleased to announce the successful development ...
Toronto Hydro hires private eyes (link) CUPE Local One says Toronto Hydro seriously violated labour laws by hiring ...
MERCEDES-BENZ CANADA PLUGS INTO TORONTO HYDRO TO LAUNCH THE FIRST ... (link) MERCEDES-BENZ CANADA PLUGS INTO TORONTO HYDRO TO LAUNCH THE FIRST CONSUMER ELECTRIC ...
Toronto Hydro, auto maker to test electric car (link) Utility will monitor driving habits and power usage during pilot project
Customers aren’t kings at hydro (link) Electric utilities have done a "really awful job" of customer service, says ...
Hydro industry 'awful' at service, CEO says (link) Electric utilities have done a "really awful job" of customer service, says ...
Leafs' youth on display in Reimer, Aulie (link) Toronto rookies play well but get a lesson from veteran Devils, Kovalchuk
Tree causes Hydro headache for homeowner (link) Toronto Hydro is threatening to shut off Shawn Healey's power if he ...
hed ing south - — Hydro Pitlochry Hydro , United Kingdom (link) hed ing south - - Hydro Pitlochry Hydro , United Kingdom Hydro ...
Smart hydro meters coming soon (link) Some B.C. residents will soon be getting notices from BC Hydro that ...
Drought hits Mighty River hydro generation (link) Hydro production was down 10 per cent from a year earlier in ...
Make a Trade for Energy-Saving Holiday Lights (link) Image courtesy Toronto Hydro Toronto Hydro's annual Festive Light Exchange is back, ...
Meridian warns of hydro spilling (link) Meridian Energy says heavy rain could force it to spill water from ...
A city of lights prepares to change the bulb (link) As 160,000 street lamps near the end of their serviceable life, Toronto ...
leafs at bruins fight fest | Hab.ca - Montreal Canadiens hockey news. (link) i saw this game on TV,WeepD my dad and me used to ...
GT5 GreenCell Technologies Develops New Wireless Product (link) (Toronto) – GreenCell Technologies Inc. is pleased to announce the successful development ...
Bullfrog Power to retail “green” natural gas, signs up Kraft Canada as first customer (link) About five years ago Bullfrog Power of Toronto broke new ground by ...
Shocked, then dismayed (link) Toronto Hydro is threatening to shut off Shawn Healey’s power if he ...
Hydro One powers 8 per cent revenue gain to 26 per cent jump in 2010 earnings (link) By The Canadian Press TORONTO - Hydro One Inc. enjoyed a big ...
Toronto Hydro Brass Caught in Cover-Up About Surveillance of Union Official (link) TORONTO, ONTARIO--(Marketwire - Feb. 3, 2011) - The Canadian Union of Public ...
Toronto Hydro looking for people to drive electric Smart Cars (link) They’re not exactly in the spirit of Rob Ford’s city, but nobody ...
BC Hydro To Install Smart Meters This Summer (link) BC Hydro released yesterday a business case for smart meters that it ...
NORML.ORG CN ON: Cops Don't Need Warrant to Look at Our Hydro (link) (Sun, 28 Nov 2010) Toronto Sun (CN ON)
Report: McGuinty Liberals to Slash Hydro Rates by 10% (link) The McGuinty Liberals will reportedly shine a huge spotlight on soaring hydro ...
Toronto man gets first electric drive Smart (link) In a pilot project with Toronto Hydro, Bill Tharp received keys to ...
The president of one of the most progressive utilities in North America doesn’t believe in smart grid. Instead, Anthony Haines, President and CEO of Toronto Hydro, said that the technology that is often labeled as smart grid is nothing more tha 20.12 19:22
Lessons From Toronto Hydro (Greentech Media) (link) The president of one of the most progressive utilities in North America ...
Toronto Hydro spied on union safety rep (link) As a health and safety representative for unionized workers at Toronto Hydro, ...
Transformer project reduces parking at Eglinton GO Station, starting November 22 (link) Tomorrow, Monday, November 22, GO Transit and Toronto Hydro workers start a ...
Less parking at Eglinton GO Station, starting November 22 (link) Tomorrow, Monday, November 22, GO Transit and Toronto Hydro workers start a ...
CUPE Ontario: Labour Minister Must Immediately Investigate Toronto Hydro's Covert Surveillance of Health and Safety Activist (link) Government Must Defend All Ontario Workers From Harassment
THES (link) Type I Saw Today: Toronto Hydro-Electric System
Massive beer vats slowly head to Toronto (link) A massive convoy of beer vats is making its way from Hamilton ...
For Immediate Release: November 9, 2010 GT5 GreenCell Develops New Wireless Product to Complement HydroCell™ unit (link) (Toronto) – GreenCell Technologies Inc. is pleased to announce the successful development ...
Toronto Hydro hires private eyes (link) CUPE Local One says Toronto Hydro seriously violated labour laws by hiring ...
MERCEDES-BENZ CANADA PLUGS INTO TORONTO HYDRO TO LAUNCH THE FIRST ... (link) MERCEDES-BENZ CANADA PLUGS INTO TORONTO HYDRO TO LAUNCH THE FIRST CONSUMER ELECTRIC ...
Toronto Hydro, auto maker to test electric car (link) Utility will monitor driving habits and power usage during pilot project
Customers aren’t kings at hydro (link) Electric utilities have done a "really awful job" of customer service, says ...
Hydro industry 'awful' at service, CEO says (link) Electric utilities have done a "really awful job" of customer service, says ...
Leafs' youth on display in Reimer, Aulie (link) Toronto rookies play well but get a lesson from veteran Devils, Kovalchuk
Tree causes Hydro headache for homeowner (link) Toronto Hydro is threatening to shut off Shawn Healey's power if he ...
hed ing south - — Hydro Pitlochry Hydro , United Kingdom (link) hed ing south - - Hydro Pitlochry Hydro , United Kingdom Hydro ...
Smart hydro meters coming soon (link) Some B.C. residents will soon be getting notices from BC Hydro that ...
Drought hits Mighty River hydro generation (link) Hydro production was down 10 per cent from a year earlier in ...
Make a Trade for Energy-Saving Holiday Lights (link) Image courtesy Toronto Hydro Toronto Hydro's annual Festive Light Exchange is back, ...
Meridian warns of hydro spilling (link) Meridian Energy says heavy rain could force it to spill water from ...
A city of lights prepares to change the bulb (link) As 160,000 street lamps near the end of their serviceable life, Toronto ...
leafs at bruins fight fest | Hab.ca - Montreal Canadiens hockey news. (link) i saw this game on TV,WeepD my dad and me used to ...
GT5 GreenCell Technologies Develops New Wireless Product (link) (Toronto) – GreenCell Technologies Inc. is pleased to announce the successful development ...
Bullfrog Power to retail “green” natural gas, signs up Kraft Canada as first customer (link) About five years ago Bullfrog Power of Toronto broke new ground by ...
Shocked, then dismayed (link) Toronto Hydro is threatening to shut off Shawn Healey’s power if he ...
Hydro One powers 8 per cent revenue gain to 26 per cent jump in 2010 earnings (link) By The Canadian Press TORONTO - Hydro One Inc. enjoyed a big ...
Toronto Hydro Brass Caught in Cover-Up About Surveillance of Union Official (link) TORONTO, ONTARIO--(Marketwire - Feb. 3, 2011) - The Canadian Union of Public ...
Toronto Hydro looking for people to drive electric Smart Cars (link) They’re not exactly in the spirit of Rob Ford’s city, but nobody ...
BC Hydro To Install Smart Meters This Summer (link) BC Hydro released yesterday a business case for smart meters that it ...
NORML.ORG CN ON: Cops Don't Need Warrant to Look at Our Hydro (link) (Sun, 28 Nov 2010) Toronto Sun (CN ON)
Report: McGuinty Liberals to Slash Hydro Rates by 10% (link) The McGuinty Liberals will reportedly shine a huge spotlight on soaring hydro ...
Toronto man gets first electric drive Smart (link) In a pilot project with Toronto Hydro, Bill Tharp received keys to ...
GreenCell Technologies Discover Method to Double the Existing Hydrogen Output of their Proprietary Hydrogen Enrichment System the HydroCell
10 Jan 2010
GreenCell Technologies through their most recent round of testing have discovered a method to double the existing hydrogen output of their proprietary Hydrogen Enrichment System the HydroCell.
(PRWEB) January 10, 2010 -- GreenCell Technologies is pleased to announce that they have discovered a method to double the existing hydrogen output of their proprietary Hydrogen Enrichment System the HydroCell.
In addition to this recent discovery the company has been conducting extensive lab tests to establish the most efficient electrolyte mixture and the optimal Anode to Cathode distance for maximum hydrogen production.
Both tests have led to modifications that not only increase the hydrogen output but also result in significantly reduced manufacturing costs.
Additional testing further to that conducted in November 2009, is currently underway from the 5th of January 2010 utilizing trucks installed with the Hydrocell running. The Electronic Control Data (ECD) will then be downloaded and used in direct comparison to vehicles running the same route under the same conditions which are not equipped with the HydroCell.
GreenCell Technologies is scheduled for an initial public offering (IPO) of their shares in February 2010. The company will expand into larger facilities in February and based on the most recent testing as well as the success of other Green Energy IPO’s the company is expecting a very successful launch.
GreenCell Technologies is a Canadian company dedicated to designing and bringing to market, technology-based products for the transportation industry. The current product is called the Hydrocell, an on-board, on-demand hydrogen generator engineered specifically for the diesel trucking and haulage industries.
GreenCell Technologies through their most recent round of testing have discovered a method to double the existing hydrogen output of their proprietary Hydrogen Enrichment System the HydroCell.
(PRWEB) January 10, 2010 -- GreenCell Technologies is pleased to announce that they have discovered a method to double the existing hydrogen output of their proprietary Hydrogen Enrichment System the HydroCell.
In addition to this recent discovery the company has been conducting extensive lab tests to establish the most efficient electrolyte mixture and the optimal Anode to Cathode distance for maximum hydrogen production.
Both tests have led to modifications that not only increase the hydrogen output but also result in significantly reduced manufacturing costs.
Additional testing further to that conducted in November 2009, is currently underway from the 5th of January 2010 utilizing trucks installed with the Hydrocell running. The Electronic Control Data (ECD) will then be downloaded and used in direct comparison to vehicles running the same route under the same conditions which are not equipped with the HydroCell.
GreenCell Technologies is scheduled for an initial public offering (IPO) of their shares in February 2010. The company will expand into larger facilities in February and based on the most recent testing as well as the success of other Green Energy IPO’s the company is expecting a very successful launch.
GreenCell Technologies is a Canadian company dedicated to designing and bringing to market, technology-based products for the transportation industry. The current product is called the Hydrocell, an on-board, on-demand hydrogen generator engineered specifically for the diesel trucking and haulage industries.
Friday, February 4, 2011
GT5: Greencell Technologies Inc Summary - Bloomberg
Greencell Technologies Inc. designs and develops technology based products in the alternative energy market. The Company's current project is an on-board-on-demand hydrogen generator engineered specifically for diesel transport trucks. Greencell is also seeking to develop and solar energy division that offers product, consultation, and installation services.
Gt5 Greencell Technologies: Hy-drive Technologies Ltd. Seals Deal With Greencell Tech
MISSISSAUGA, ON, Jan. 11 /PRNewswire/ - Hy-Drive Technologies Ltd. ("Hy-Drive") (TSXV: HGS) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
GreenCell Technologies GT5 Develops New Wireless Product
PRLog (Press Release) – Nov 22, 2010 – (Toronto) – GreenCell Technologies GT5 Develops New Wireless Product to Complement HydroCell™ unit. GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCell™ unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.
The innovative device simply plugs into the cigarette lighter on the dashboard and instantly indicates the current status of the HydroCell™ and its present operating condition. The driver will instantly be aware if the HydroCell™ is in need of water and can rectify the condition which will minimize downtime.
The HydroCell™ requires the addition of water every 40 - 50 hours of operation and will shut down and not generate Hydrogen if allowed to run dry. This device will ensure maximum fuel savings by eliminating downtime due to lack of water. HydroCell™
Hydrogen, as a fuel, is emission free and the only by-product of combustion is water. It is the most abundant element in the universe and is the fuel of choice for the Space Shuttle’s main engine.
To assure continued fuel savings, the HydroCell™ is always tested for performance, efficiency, reliability and hydrogen output on numerous vehicles, to enhance its core design and help refine the product specifications for engineers. In addition to recent discoveries, GreenCell Technologies GT5 is also conducting extensive lab tests to establish the most efficient electrolyte mixture and the optimal Anode to Cathode distance for maximum hydrogen production. These tests will lead to new modifications to increase hydrogen output, boost fuel efficiency overall and reduce manufacturing costs.
The HydroCell™ is an electrolysis-
GT5 GreenCell Technologies Inc. is a Canadian company, dedicated to designing and bringing to market technology-based products for the transportation and energy industries.
For further information, contact the GreenCell Technologies Inc. head office in Canada, through email, which can be sent to: Investors@greencelltek.com
GreenCell Technologies Inc is a Canadian company dedicated to designing and bringing to market, technology-based products in the alternative energy market. The current product is called the HydroCell, an on-board on-demand hydrogen generator engineered specifically for Diesel Transport Trucks.
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