Message #9 From:
NewsBot Date: January 23, 2007 03:55:00 AM
HYDP News Hydrogen Power, Inc. Invited to Present Its Breakthrough Hydrogen Production Technology at Military Energy Conference
SEATTLE--(BUSINESS WIRE)--Hydrogen Power, Inc. (OTCBB: HYDP) announced today that it
is invited to present its breakthrough hydrogen production technology to
Senior U.S. Military Officials. HPI will present to a special Department
of Defense conference in Arlington, Virginia, a case study of its
ground-breaking technology with particular applications for a new
hydrogen battery for soldier power. The HPI-patented technology offers a
new product for military use called AlumiFuel™
for just-in-time lightweight hydrogen battery production. The Virginia
conference in February 2007 will feature case studies and briefings from
leading energy experts. John Martin, acting CEO, said, “Our
technology is very attractive for portable power applications like those
required for soldier power.”
HPI’s advancements in the Seattle-based
laboratory production facility have been rapid since proving both HPI’s
Hydrogen Now™ technology and AlumiFuel powder
as viable and controllable entities. Hydrogen Now is HPI’s
patented hydrogen production process that involves a chemical reaction
between water, aluminum, and an environmentally friendly catalyst to
cleanly and efficiently produce hydrogen on-site and on-demand. High
energy density AlumiFuel technology, a product derivative of the
Hydrogen Now process, powers the chemical reaction. It extracts and
releases the energy from the aluminum once the water is added. AlumiFuel’s
potential employability extends to a wide range of applications, but HPI
is currently focused on its applications in the military and small
appliance markets.
The system is also environmentally friendly. HPI's hydrogen-production
system emits no greenhouse gases.
Given the ease of storage and distribution, as well as its customized
production capability, HPI's AlumiFuel and Hydrogen Now technology are
intended to bypass infrastructure and cost barriers to commercial
adoption.
Hydrogen Power, Inc. has licensed and has developed a patented
technology for producing hydrogen gas in a process called Hydrogen NowTM.
Hydrogen Now involves a chemical reaction between water,
aluminum, and an environmentally friendly catalyst to cleanly and
efficiently produce hydrogen on-site and on-demand.
The statements included in this press release concerning predictions
of economic performance and management's plans and objectives constitute
forward-looking statements made pursuant to the safe harbor provisions
of Section 21E of the Securities Exchange Act of 1934, as amended, and
Section 27A of the Securities Act of 1933, as amended.These
statements involve risks and uncertainties that could cause actual
results to differ materially from the forward-looking statements.
Factors which could cause or contribute to such differences include, but
are not limited to: factors detailed in Hydrogen Power, Inc.’s
(formerly Hydrogen Power International, Inc. and Equitex, Inc.)
Securities and Exchange Commission filings; failure of registration
statements to be declared effective; the loss of contracts or failure to
acquire new contracts; success of any legal actions; failure to
successfully implement newly developed product lines including projected
increases in revenues or earnings; the inability to initiate or complete
any contemplated restructuring, offering, acquisition, disposition or
other transaction; adverse financial performance by Hydrogen Power or
any of its subsidiaries; failure to obtain or maintain regulatory
approval for products and services offered by Hydrogen Power or its
subsidiaries; failure to complete the development and commercialization
of alternative energy products or services; adverse equity market
conditions and declines in the value of Hydrogen Power common stock; and
the unavailability of financing to complete management's plans and
objectives. The forward-looking statements contained in this press
release speak only as of the date hereof and Hydrogen Power disclaims
any intent or obligation to update these forward-looking statements.
