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GreenChek Technologies Inc., a leading globally focused provider of hydrogen fuel cell technology for commercial transportation and stationary power generation applications
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GreenChek Technology Inc. (GCHK.OB) Announces Manufacturing Expansion
GreenChek Technologies Inc., a provider of hydrogen fuel cell technology for commercial transportation and stationary power generation applications, announced today after the closing bell that Tianjin Sherma in Tianjin, China has committed a 4,000 square foot facility for the manufacture of GreenChek’s ERD technology. Management expects the new state-of-the art manufacturing plant to be operational in eight weeks.
With a determined production capacity of 1,050 units per production line per month, GreenChek Technologies will be able to generate roughly $50.4 million dollars in annual revenue per production line, at full capacity, at current prices. Management believes that its projected sales forecast and marketing initiative in North America, combined with its growing network in Europe, has uniquely positioned the company to benefit from the steadily increasing traditional energy costs and global energy demand.
GreenChek’s President Lincoln Parke stated, “The manufacturing facility in Tianjin, China will enable our company to address the growing demand for emission reduction devices in multiple markets. The new US EPA standards indicate that there is an increasing demand for these devices. The manufacturing facility further illustrates that GreenChek is well positioned at the forefront of this new green economy.”
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Greencheck Technology Inc. (GCHK.OB) Set to Grow as Green Energy Sector Receives Governmental Funding
The United States is well-known for technological advances since our nation was founded. The telegraph, the light bulb, and the sewing machine are just a sample of the early entrepreneurial spirit in our country. But what people don’t seem to know is that by the government has played a huge role in the development of many ground-breaking industries. With the Obama administration focused on the development of environmentally-friendly fuel alternatives, Greenchek Technology Inc (GCHK.OB) is a company on the cusp of tremendous growth.
A brief look at history confirms that when the U.S. government backs a new technology, the niche many times ends up flourishing. In the 1940s, the government backed the defense industry and it grew exponentially and remains strong to this day. The 50’s and 60’s saw an explosion of activity in the automotive, aviation, and electronics industries. When the Department of Defense put a focus on the fledgling microchip industry, the computer science industry suddenly became a viable sector.
Larry Ellison is one person who benefited from the government’s focus on the computer industry. Ellison’s company, Oracle, created the complex but user-friendly software that the smaller and faster computers would use. When Ellison founded Oracle in the 1980s, it traded as a penny stock and was able to secure a small contract with the Central Intelligence Agency. Some of those that followed the government’s lead and purchased Oracle when it was just a penny stock realized gains of over 8,000%. Just over 20 years after Oracle was founded, Ellison is now ranked 14th on the Forbes list of wealthiest people in the world.
A more recent example is in 2005 when President Bush passed the Energy Policy Act that included a mandate to increase the amount of bio-fuel mixed with gas sold in the United States. Ethanol has proven to be a key additive and since 2005 the yearly ethanol production has more than doubled. Monsato is an agricultural company that has a division that sells genetically modified corn, which is used as a raw material for ethanol. Prior to 2005, Monsato stock traded around $17 per share. Since the passing of the Energy Policy Act, Monsato’s stock has soared upwards of $140 per share, which resulted in more than 748% gain for some investors.
With the passing of the stimulus package, the alternative fuel sector will receive four times as much funding than previously allocated. Greenchek has developed a hydrogen injection technology that has been proven to reduce the amount of emissions and reduce automotive fuel consumption. The Greenchek technology meets President Obama’s primary goal of being environmentally conscious and saving consumers’ money.
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GreenChek Technologies Inc. (GCHK.OB) Advances to ERD 2.0 Technology
GreenChek Technologies Inc., provider of hydrogen based technology for mobile transportation and stationary power generation applications, was pleased to announce this morning that it has released ERD 2.0.
The company’s new ERD 2.0 technology requires less maintenance and facilitates the linking of units together in a modular format for greater efficiency. By linking units together, further fuel cost savings and greater emission reduction are realized, while maintaining durability and overall quality to ensure that the systems have a long life.
“We are very pleased with our ERD development,” stated Lincoln Parke, President of GreenChek. “This opens the door for GreenChek to implement its fuel saving and emission reduction technology to a wider range of vertical markets, in the future.”
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GCHK - Hydrogen Fuel Technology -signing up distributors- Massive growth ahead in 2009!
Green Chek Technology has a proven hydrogen injection technology that reduces vehicle fuel consumption and dramatically reduces emissions. Their technology not only saves money for its users, it also helps the environment which is a primary goal Obama’s administration
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