eHydrogen Solutions' H2 Vehicle Fuelling Module a Solution for Lotus' Fuel Cell London Taxi Initiative: Market Grows as Mayor Ca
August 05 2010 - 7:30AM
Marketwired
eHydrogen Solutions, Inc. (PINKSHEETS: EHYD) announced today that
its advanced Hydrogen Vehicle Fuelling Module (H2VFM), in its
Hydrogen Fuelling Station configuration, would enhance the recently
announced Hydrogen Fuel Cell taxi being built by Lotus for the
London Taxi system.
This is the first hydrogen-powered London cab, developed to
showcase zero exhaust emission vehicles during the 2012 London
Olympics. The point of all this is to create a car with zero
emissions; or rather, the taxi does not have an exhaust pipe as it
only emits water vapours.
The Mayor of London, Boris Johnson, wants every taxi operating
in London to deliver zero exhaust emissions by 2020 and will
showcase its progress with a number of hydrogen fuel cell taxis in
London, served by six hydrogen filling stations that they will
share with at least five hydrogen fuel cell buses.
The taxi has been put together by Lotus, a UK company more
famous for its Formula 1 team and for making sports cars such as
the Elise. This project is in addition to the recently announced
Hydrogen On Site Trials (HOST) in which DHL Supply Chain and London
Stansted Airport have both signed agreements to participate.
While the vehicle meets the zero emission criteria for on-road
exhaust, there still exists the problem of producing hydrogen for
refuelling in a cost effective, emission free manner.
The Company's H2VFM provides the solution; hydrogen on demand,
virtually emission free, not only to as the main production
on-site, on-demand source of hydrogen fuel for a variety of
Hydrogen Fuelling Stations applications, but for on-board fuel
production for both Hydrogen Fuel Cell Vehicles (HFCV) and Hydrogen
Internal Combustion Engine Vehicles (HICEV).
This has important potential implications, since hydrogen can be
produced on-site, on demand, in a sustainable manner, at little
cost using virtually no outside energy sources; utilizing only
reactive metals (and/or the sun) and water; and not requiring
costly transportation or storage.
Pike Research, a market research and consulting firm that
provides in-depth analysis of global clean technology markets,
predicts that fuel cell vehicles (FCV) will be commercially
launched in most regions of the world by 2014, and cumulative sales
of fuel cell cars and trucks will surpass 2.8 million vehicles
globally by 2020. With substantial support from the largest
automakers, the pressure is on to make sure that hydrogen fueling
stations are available to support this emerging market.
Additionally, the CleanTech market intelligence firm forecasts
global revenues for stationary fuel cells will more than double
over the next few years, from $336 million in 2009 to $716 million
in 2013.
The addition of this $400 million market, together with the
addition of solutions for Hydrogen Fueling stations and on-board
fuel sources for HFCV and HICEV, has significantly increased the
Company's revenue projections and expected portfolio valuation.
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 distributed and localized production of hydrogen through
energy efficient and cost-effective methods creates the economic
basis for hydrogen driven economy. The Company is poised to capture
this worldwide burgeoning market.
The company will continue advancing the development of its
current technologies and distribution power solutions, specifically
its Home Heating, H-Solaris and H2-Reactor initiatives, and will
continue its aggressive collaboration and acquisition strategy as
it relates to advances in core ODHP technologies.
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 are 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
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