ARSC NEWS Should bounce off recent lows!!
News for 'ARSC' - (Hydra Fuel Cell Corp. Gains First Patent; Updates Production Plans)
BEAVERTON, Ore., Oct 01, 2008 (BUSINESS WIRE) -- Hydra Fuel Cell Corporation
(www.hydrafuelcell.com), a wholly owned subsidiary of American Security
Resources Corporation (OTCBB:ARSC), announced today that it has been notified by
the U.S. Patent Office that the first of the seven patent applications it filed
in summer of 2006 is ready to be issued.
Jim Twedt, President and CEO of Hydra, said, "This patent is for 'The production
of a single fuel cell' and was central to the unique design we were developing.
We have advanced our fuel cell technology significantly since then, overcoming
some daunting scientific, technical and engineering challenges in the process of
bringing the most advanced, affordable and economical fuel cells to market."
Twedt continued, "We have begun the production process and expect to have
commercial units to ship before yearend. We have a $21,000,000 purchase order
backlog."
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.
SOURCE: Hydra Fuel Cell Corporation
CONTACT:
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
Copyright Business Wire 2008
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