Thanks Dream. ARSC quickly making its way to the top. Still got 11 months to take this thing. Lots can happen in 11 months in this business for sure. Got some stiff competition this year. ARSC in 9th as of now. Moved up 103 places this week if I counted right. :) Kind of feels like horse racing to me.
ARSC Hydrogen Formulator May Trigger ''Hydrogen Economy'' Tuesday January 23, 9:30 am ET
HOUSTON--(BUSINESS WIRE)--American Security Resources Corporation (OTCBB:ARSC - News) announced that it is developing a technology to formulate hydrogen that will change the economics of producing hydrogen sufficient to enable the hydrogen economy. ADVERTISEMENT
In an interview on AudioStocks.com (www.audiostocks.com), ARSC CEO Frank Neukomm revealed that the company's subsidiary Hydra Fuel Cell Corp. was successfully upgrading an experimental method of producing hydrogen originally developed at a U.S. university.
Ben Schafer, CTO of Hydra Fuel Cell Corp., speaking on The Bill Chippas Show, (www.billchippasshow.com) said that currently the cost of producing a kilogram of hydrogen was around $7 to $8. Using this new technology, the cost of producing hydrogen could drop below $2 per kg, which is the DOE threshold to make hydrogen competitive with established energy sources.
Bob Farr, President and COO of ARSC, stated, "We expect the ability to produce hydrogen on demand using this technology will be a much bigger business for us than the fuel cell business."
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire companies and technologies that will advance the development of clean energy. ARSC, through its Hydra subsidiary, is developing high volume, mass producible hydrogen fuel cells. For more information, please see: www.americansecurityresources.com