ARSC Inks Deal to Build Fuel Cell Factory
American Security Resources Corporation (Pinksheets: ARSC) announced today that it has signed an agreement with Highland Project Capital Group LLC to arrange financing for one or more integrated fuel cell manufacturing facilities.
Bob Farr, President and COO of ARSC, stated, “Hydra has been successful in generating a $21,000,000 purchase order backlog which will take more than two years of production from Hydra’s current plant. The plant we are planning with Highland’s help should be able to produce hundreds of fuel cells per month.” Farr continued, “Highland is expected to arrange financing from a variety of sources that may include Industrial Revenue Bonds, equity and grants.”
