Hydra Fuel Cell Corporation (www.hydrafuelcell.com), a wholly owned subsidiary of American Security Resources Corporation (OTCBB:ARSC), announced today that Judge Dennis J. Hubel, the U.S. Magistrate hearing the patent infringement case brought against it by Relion in 2006, has granted Relion’s request for dismissal subject to Relion agreeing to restrictions on further litigation with Hydra on the patent in question. Relion has returned sanction funds previously taken from Hydra as required by the Judge. Judge Hubel further ordered Relion to reimburse Hydra’s costs of the suit.
Judge Hubel stated in his ruling “…it is difficult to view Relion’s motion to dismiss ‘as anything other than an eleventh-hour attempt to pull the jurisdictional rug out from under a counterclaim that it could not defend against on the merits’.”
Jim Twedt, President and CEO of Hydra, said, “This is vindication for us. We knew we didn’t infringe on their patent. Our belief is that they were using the courts to keep us from getting to market with a superior fuel cell. Now we can turn our complete attention to doing just that.”
American Security Resources Corporation
ARSC is a holding company developing clean energy technologies. Its Hydra Fuel Cell Corp. subsidiary is developing high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing a method to inexpensively formulate hydrogen from ammonia. For more information, please see: www.americansecurityresources.com
Safe Harbor Statement
This news release contains certain “forward-looking statements” within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Hydra Fuel Cell Corporation
Jim Twedt, 503-645-2523
info@hydrafuelcell.com
or
American
Security Resources Corporation
Frank Neukomm or Bob Farr,
713-465-1001
info@amsrcorp.com