American Security Resources to Acquire Rights to Patented Fuel Cells; Hydrogen Fuel Cell Technology on Printed Circuit Boards Has Wide Application
2005-09-06 11:36 ET - News Release
HOUSTON -- (Business Wire) -- Sept. 6, 2005
American Security Resources Corporation (OTCBB:ARSC),
announced today that it has signed a Letter of Intent to acquire an
interest in EGO Design Inc., a privately-held company that holds
patents for silicon-based, hydrogen fuel cells. With the acquisition,
ARSC will gain the exclusive right to license and market the
technology.
According to Joe Grace, President of ARSC, "This proprietary
technology will be the first commercially mass producible hydrogen
fuel cell. We are eager to begin developing the markets for the many
commercial and military applications for this break-through
technology."
About EGO Design Inc.
EGO Design is a privately held company founded by the developers
of unique hydrogen fuel cells. The principals of EGO believe the 5KW
to 40KW fixed power market they have targeted could generate sales of
$1 billion to the company within 8 years.
About American Security Resources Corporation
American Security Resources Corp. is a holding company actively
seeking to acquire profitable, well-managed companies that provide
products or services for homeland security or national defense. The
company is currently in discussions to acquire several companies.
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 results
will meet or exceed such expectations.
Contacts:
American Security Resources Corporation, Houston
Joe Grace, 713-465-1001
jgrace@amsrcorp.com
or
B&B Marketing Communications
Pete Belcher, 713-774-0642
pete@bbmarcom.com
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