First HydraStax(R) Residential System Going to Texas Coast
2007-07-27 09:46 ET - News Release
HOUSTON -- (Business Wire)
American Security Resources Corporation (OTCBB:ARSC) announced today that its Hydra Fuel Cell Corp. subsidiary has received a purchase order for an 8 kilowatt HydraStax® residential fuel cell system from a waterfront resident on the Texas Gulf coast.
Bob Farr, President and COO of ARSC, stated, “This buyer lives on the coast and has experienced loss of grid power during tropical storms and other occasions. With this system he can be independent of the grid and even sell power back if he chooses. We expect to ship this system within 90 days. This is a very big sale for us.” Farr continued, “The residential market is where we see our greatest sales potential. We expect this installation to demonstrate the value of fuel cells as reliable backup and primary electric sources for everyday use as well as secure power in weather emergencies.”
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire companies and technologies for clean energy production. ARSC’s Hydra Fuel Cell 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. Its American Wind Power subsidiary expects to be shipping wind turbines by year end 2007. For more information, please see: www.americansecurityresources.com Posted by uprightdeb on :
Great opportunity here, IMO
Posted by rickpic on :
looks good I'm in! Thanks
Posted by BENJAMINS on :
crazy accumulation going on right now. Dont want folks biting their heads off when it starts to run in next week. This volume precedes good things. Good news too. Cant beat that.
Posted by jordanm on :
ask looks thin. solid accumulation. new base. looks ready to run next week. rumors of more good news coming.
Posted by jordanm on :
Highest numbers of trades in the company;s recent history. Also largest trading volume in the recent history. Nearly 5.5 million. More volume coming in. Looks good from here for next week.
Posted by jordanm on :
0.0409. very strong close. looking forward to next week. should gap up from here.
Posted by jordanm on :
.045. L2 looks good.
Posted by BENJAMINS on :
ARSC Engages NW Financial Group for Acquisition and Facilities Development Financing 3:00 PM ET - BusinessWire American Security Resources Corporation (OTCBB:ARSC) announced that it has engaged NW Financial Group, LLC of Jersey City, NJ, (www.nwfinancial.com) to arrange financing for certain acquisitions and development of ARSC's wind power and hydrogen fuel cell technologies. Bob Farr, President and COO of ARSC, stated, "NW Financial Group is an expert in the industrial development bond sector. This type of funding will be used to acquire the wind turbine companies. With certification assured we plan to build and equip a fuel cell membrane manufacturing and assembly facility and a wind turbine plant. We can include funds for working capital, R&D and inventory, and do it all under very favorable terms. This is the best method of financing we've found and it's completely non-dilutive."
NW Financial Group, LLC
NW Financial is a Jersey City based diversified financial services firm. NW Financial's corporate finance team is dedicated to providing the most appropriate and cost effective financial solutions to public and private middle market companies that are underrepresented in the financial markets.
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire and develop clean energy companies and technologies. ARSC's Hydra Fuel Cell subsidiary has developed a high volume, mass producible hydrogen fuel cell. Its American Hydrogen Corp. subsidiary is developing an inexpensive method to produce hydrogen from ammonia. ARSC's newly formed American Wind Power Corp. will be developing residential scale wind turbines based on the patented Noble Wind Turbine design. It also has an LOI to acquire additional wind power capabilities. For more information, please see: www.americansecurityresources.com
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: American Security Resources Corporation
American Security Resources Corporation, Houston Frank Neukomm or Bob Farr, 713-465-1001 info*amsrcorp.com
Posted by BENJAMINS on :
ARSC Engages NW Financial Group for Acquisition and Facilities Development Financing Monday July 30, 3:00 pm ET
HOUSTON--(BUSINESS WIRE)--American Security Resources Corporation (OTCBB:ARSC - News) announced that it has engaged NW Financial Group, LLC of Jersey City, NJ, (www.nwfinancial.com) to arrange financing for certain acquisitions and development of ARSC's wind power and hydrogen fuel cell technologies. Bob Farr, President and COO of ARSC, stated, "NW Financial Group is an expert in the industrial development bond sector. This type of funding will be used to acquire the wind turbine companies. With certification assured we plan to build and equip a fuel cell membrane manufacturing and assembly facility and a wind turbine plant. We can include funds for working capital, R&D and inventory, and do it all under very favorable terms. This is the best method of financing we've found and it's completely non-dilutive." ADVERTISEMENT
NW Financial Group, LLC
NW Financial is a Jersey City based diversified financial services firm. NW Financial's corporate finance team is dedicated to providing the most appropriate and cost effective financial solutions to public and private middle market companies that are underrepresented in the financial markets.
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire and develop clean energy companies and technologies. ARSC's Hydra Fuel Cell subsidiary has developed a high volume, mass producible hydrogen fuel cell. Its American Hydrogen Corp. subsidiary is developing an inexpensive method to produce hydrogen from ammonia. ARSC's newly formed American Wind Power Corp. will be developing residential scale wind turbines based on the patented Noble Wind Turbine design. It also has an LOI to acquire additional wind power capabilities. For more information, please see: www.americansecurityresources.com
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.
Contact: American Security Resources Corporation, Houston Frank Neukomm or Bob Farr, 713-465-1001 info*amsrcorp.com
Posted by PCola77 on :
What am I missing here? The first PR in the thread says that they sold ONE system to some guy in Texas. WTF kind of revenue could that possibly create?
And the second PR about engaging NW Financial, isn't it basically just saying they went to the bank and may get some funding at some point in the future?
I'm cynical by nature, but these PRs don't even seem worthy enough to be called fluff.
Posted by jordanm on :
Company was in development stage. Seems like the revenue is starting to trickle it. Hence the interest. there has been dilution in the past as shares were issued for services and that's stalling the run. But the ask is thin and lot of accumulation at this new level. Awaiting certification that is due anytime now.
Posted by uprightdeb on :
Nice explanation. Thanks, jordanm
Posted by BENJAMINS on :
If I was a smart investor, I'd get into this right now while its still cheap.
Posted by BENJAMINS on :
Ohio University Grants ARSC's American Hydrogen Corp Subsidiary Exclusive Worldwide License for Ammonia-to-Hydrogen Technology 12 minutes ago - BusinessWire American Security Resources Corp. (OTCBB:ARSC) and Ohio University (www.ohio.edu) announced today that American Hydrogen Corp., a wholly owned subsidiary of ARSC, has been granted a worldwide exclusive license to commercialize the patent-pending catalytic electrolyzer technology developed by Ohio University's Dr. Gerardine Botte, associate professor of Chemical and Bio-Molecular Engineering at the Russ College of Engineering and Technology.
Botte has developed a method for producing hydrogen from ammonia for a fraction of the current commercial cost. Hydrogen can be used as a fuel source in a wide range of applications, including transportation and energy production.
Benjamin Schafer, president of American Hydrogen and CTO of Hydra Fuel Cell, said, "Working with Ohio and Dr. Botte, we have advanced this technology to a stage where we are ready to move to commercial applications. Our research indicates that we should be able to produce hydrogen commercially for significantly less per kilogram than by current industrial hydrogen production methods. We expect our first application to be a hydrogen generator for the HydraStax(R) fuel cells, but ultimately, we want this technology for economical hydrogen production to be widely distributed so as to unlock the promise of "The Hydrogen Economy"."
Dr. Botte, looking forward to working with American Hydrogen to advance the technology, stated, "It is really amazing to see the ammonia electrolysis technology being taken into the market place; that is the dream of any investigator and faculty member." Botte continued, "Our interaction with American Hydrogen Corporation is excellent. We are really happy to partner with them, and we will support their goal of having products in the market very soon."
Ohio University
Established in 1804, Ohio University is the oldest public institution of higher learning in the State of Ohio and the first in the Northwest Territory. Serving some 20,000 students, Ohio University has been cited for academic quality and value by U.S. News and World Report, America's 100 Best College Buys, Princeton Review's Best Colleges, and Peterson's Guide to Competitive Colleges. The John Templeton Foundation also has recognized Ohio University as one of the top character-building institutions in the country. Ohio University ranks first in the state of Ohio for nationally competitive awards won by its students.
ARSC is a holding company actively seeking to acquire and develop clean energy companies and technologies. ARSC's Hydra Fuel Cell subsidiary has developed a high volume, mass producible hydrogen fuel cell. Its American Hydrogen Corp. subsidiary is developing an inexpensive method to produce hydrogen from ammonia. ARSC's newly formed American Wind Power Corp. will be developing residential scale wind turbines based on the patented Noble Wind Turbine design. It also has an LOI to acquire additional wind power capabilities. For more information, please see: www.americansecurityresources.com
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: American Security Resources Corp.
American Security Resources Corporation Frank Neukomm or Bob Farr, 713-465-1001 info*amsrcorp.com
Posted by BENJAMINS on :
.057 X .06
Posted by issy on :
This is a great buy right now. I hope everyone is looking at this one . WOW
Posted by BENJAMINS on :
This is a very nice news. EXCLUSIVE WORLDWIDE LICENSE. all Technicals are working and looking great for this baby.
Posted by uprightdeb on :
Been up and down between .03 and .09 several times. I think this might be the big move up into the double digits. JMO
Posted by BENJAMINS on :
Great close today, almost at high of day. with the momentum EOD should gap, IMO.
Posted by BENJAMINS on :
LOOKING LIKE A GAP MAY HAPPEN TODAY.
Posted by rickpic on :
Looking like it's setting up for another afternoon move!
Gotta love this stock i have been in and out three times in two days for sweet gains each time!
Posted by rickpic on :
they just bought 5 MM's off of the .057 ask in the last 5 minutes and it looks like this may be heading higher. It has hit .10 a couple of times before and there has been really great news here over the past several weeks.
It's worth watching very closely!
Posted by rickpic on :
is anyone else here still in or watching this stock?
Posted by rickpic on :
moving up on news!
Posted by uprightdeb on :
Formed a good base here and ready to move on up, IMO
Posted by rickpic on :
HOD
Posted by rickpic on :
Yet another HOD at the close! looks good!
Posted by rickpic on :
Watch for a possible move up here this AM after a strong close and lots of buying yesterday afternoon. The CEO has an interview tommorrow that could also bring more lioght to this stock and it's revolutionary products.
Posted by rickpic on :
NEWS OUT!!!
Posted by BENJAMINS on :
LOOKING GOOD FROM HERE NOW.
Posted by rickpic on :
another great gain here! I like this stock!!!
Posted by BENJAMINS on :
.073 Printing. A company that turns waste product to useable energy is probably the next step in Tech revolution
Posted by IMAKEMONEY on :
BUYING COMING BACK.
Posted by uprightdeb on :
gapping
Posted by uprightdeb on :
wow, really moving. Is there more news?
Posted by uprightdeb on :
Whats with the 500/4499 trades? Sorry that all I have is questions-no answers.
Posted by uprightdeb on :
Anyone hear the interview?
Posted by uprightdeb on :
Moving on news!
Hydra Fuel Cell Corp. Installs North America's First Residential Hydrogen Fuel Cell System
Oct 30, 2007 09:30:02 (ET)
BEAVERTON, Ore., Oct 30, 2007 (BUSINESS WIRE) -- Hydra Fuel Cell Corporation , a wholly owned subsidiary of American Security Resources Corporation (ARSC, Trade ), announced today that it has made an historic first installation of a complete HydraStax(R) fuel cell system at a residence on the Texas coast, Saturday, October 27, 2007.
Jim Twedt, President and CEO of Hydra, speaking to several dozen attendees at the installation, stated, "This installation proves the viability of hydrogen fuel cells for primary or backup power at the residential level. With this system we begin delivering the benefits of the hydrogen economy through distributed, clean, and economical electricity generation at the residence, eliminating the need for grid power and even feeding excess power back to the grid." Twedt continued, "This system is a robust beta test system which we will replace with a production model sometime in early 2008. This system contains all the elements of the production models except an ammonia-to-hydrogen fuel system which is being developed by American Hydrogen Corporation , our sister company. That fueling system is scheduled for delivery in the next 90 days and will deliver hydrogen at a price that we expect will make the electricity generated by HydraStax(R) fuel cells much less expensive than the electricity purchased from the grid."
Frank Neukomm, Chairman and CEO of American Security Resources Corporation, observed to the guests who included elected officials, NASA contractors, a European trade official, and banking, insurance and real estate executives among others, "Two years ago, October 28th, 2005, we acquired eGO Design which became Hydra Fuel Cell Corp. and here, two years later, almost to the day, they have delivered a working hydrogen fuel cell system for the biggest potential market possible, the residential replacement and backup power market."
Joseph Ace, owner of Sunrise House, site of the installation, stated, "I am honored and thrilled to be the first American to have a hydrogen fuel cell powered house. Our installation is the first step on the road to regaining America's energy independence."