From Advanced Hydrogen Power Website: (Wonder how this is goikng?)
Advanced Hydrogen Power, Ltd. is undertaking a Private Placement Offering to provide working capital of up to $10 million, which is intended to be used to: (i) fund startup activities, which include completion of research and development of the H2 Reactor, obtaining patent protection in numerous locations throughout the world, as deemed appropriate, procuring manufacturing equipment, setting up production lines, recruiting and training plant workers, assembling our Management Team, structuring a go-to-market strategy and sales force, developing a marketing and branding strategy and implementing an Information Technology infrastructure to support operating and finance systems, among many other related activities; and (ii) continue ongoing research and development for improved and additional applications of our H2 Reactor Technology. The working capital from this Offering will be supplemented by deposits to be received for orders for up to $24.4 million of our H2 Gen Sets.
We believe that if we successfully carry out our short-term business plan, it will fulfill existing orders and generate new working capital from sales and distribution of these orders that will be sufficient to further expand our production capacity to accommodate growth, introduce new products, and expand into additional markets.
