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Department of Defense Leads Attendees at ARSC Hydra Unit Hydrogen Fuel Cell Demo Jan 19, 2006 10:30:00 AM Copyright Business Wire 2006 HOUSTON--(BUSINESS WIRE)--Jan. 19, 2006--
American Security Resources Corporation (OTCBB:ARSC) announced today that its wholly owned subsidiary, Hydra Fuel Corporation, will demonstrate beta units of its proprietary hydrogen fuel cells to a select group of potential customers which includes the Department of Defense -- Army Corps of Engineers, Qwest Communications, Verizon Communications, Foxconn, the Oregon Institute of Technology and a major regional utility, among others.
The demonstration will take place at Hydra's facilities in Beaverton, Oregon, on Friday, January 20, 2006.
An additional demonstration is planned for a group of investors on Saturday, January 21, at the same location.
Ed Davis, Chairman of Hydra, explained, "The HydraStax(R) hydrogen fuel cell is designed to be the first commercially mass producible hydrogen fuel cell. Our beta units are performing much better than expected. The applications for this type of fixed power with the military and commercial customers number in the hundreds of thousands."
Hydra expects to place beta units with customers shortly after the demonstrations.
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire companies and technologies that will advance the development of alternative energies. ARSC, through its Hydra subsidiary, is developing high volume mass producible hydrogen fuel cells. 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 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
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well..didn't have an EOD run but still finished strongly right near the HOD.
Not sure if this has been posted or not but the company's director is a former Intel exec.
Edward L. Davis – Director Mr. Davis is Director of Engineering – Television Platform Operation at Intel Corporation where he has developed numerous products that have generated hundreds of millions of dollars in sales for Intel. He developed the strategic plan that created Intel’s Consumer Electronics Group. Mr. Davis is an entrepreneur who has served on the boards of Helionetics (Amex: HLX) and CompuCorp (now NASDAQ:RETX). Mr. Davis is the principal inventor of the silicon-based, hydrogen fuel cell technology that the Company acquired with the purchase of eGO Design, Inc., and he serves as Chairman of the Company’s subsidiary, Hydra Fuel Cell Corporation. Mr. Davis holds a PhD in Physics from Michigan State University.
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Should be a another good run today. Most people looking for a quick 10% to 20% gained jumped out about 2pm on Thur. Then everything till EOD was all buys. This company has working sellable hydrogen fuel cells on the market right now. With the demonstration today to the department of defense and tomorrow to a group of investors this stock will be gold.
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I have been doing some reading on this industry and think this stock could be a home run.
Fuel cells are being used by the telecom industry now and are very important as an energy backup during power outages.
Verizon is heavily into this technology.
Homeland security, events like hurricanes would be mitigated to some degree if these were used in the infrastructure. Also micro fuel cells for things like phones are also becoming more viable.
According to one article ARCS could have 1 billion in sales in just a couple of years.
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They are demonstrating beta units of its proprietary hydrogen fuel cells to a select group of potential customers which includes the Department of Defense -- Army Corps of Engineers, Qwest Communications, Verizon Communications, Foxconn, the Oregon Institute of Technology and a major regional utility, among others today.
Then tomorrow a group of investors are going to watch a demo.
Not to mention Hydra expects to place beta units with customers shortly after the demonstrations.
Sounds good to me. Next week should be interesting.
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I would jump into this big time if there weren't so many companies racing for the pie. It is hard to know who to bet on.
Virginia Tech applied for a patent on a new system the other day that reduces size drammatically.
The thing about ARSC system is that it can be hooked to the grid. Say Verizon uses it for backup, but only needs it once a year, it can be hooked to the grid to sale the electricity every day of the year at a cost of .06/kwh. Electricity sells to the grid at .12 or so.
quote: EXECUTIVE SUMMARY
As the demand for energy continues to increase and prices for both oil and natural gas make new highs, the need for low cost and efficient power generation systems soars! The emerging need for stationary Fuel Cell technology for the industrial/ commercial sector for standby and remote power, and for high-end residential users, is evident. The Freedonia Group projects that the Fuel Cell Opportunity is currently a $5 billion segment of a Trillion dollar industry for reliable power and distributed generation for the digital economy.
Hydra Fuel Cell Corporation is uniquely positioned to provide a viable product for these sectors on a “large scale basis” in a relatively short period of time.
Management projects that a less than 2% penetration of the fixed power market will yield sales of over $100 million in two years. It is expected that within 8 years the company could be generating in excess of a billion dollars a year.
Hydra Fuel Cell Corporation is a wholly owned subsidiary of American Security Resources Corporation (OTCBB: ARSC)
The Hydra Fuel Cell is the “first” mass producible fuel cell system which can provide the efficiency to rival traditional generated power from public utilities. The cost of this unit is one third that of competitive fuel cell units.
The BTU consumption to usable power efficiency of the Hydra unit is double that of conventional oil burning generators. This product has the unique capability to allow an owner to generate power during off-hours at a cost of around $0.06/KW/hr to $0.08/KW/hr and to sell it back to the grid for $0.12 to $0.16/KW/hr, while supplying the owner’s normal power needs during the day. In effect this unit becomes a cash generator for the owner, selling electricity for up to a 100% gross profit.
EXPERIENCED TEAM
The inventor of the Fuel Cell technology, Ed Davis is a member of ARSC’s Board of Directors and serves as Chairman of Hydra Fuel Cell Corp. Mr. Davis is currently the founder and Director of Business Development for the Consumer Electronics Group at Intel Corporation. According to Bob Farr, President of American Security Resources Corporation, "Ed brings to ARSC a wealth of experience, having served on the Boards of two public companies, Helionetics (HLX) on the American Exchange and CompuCorp (which merged into RETX) on NASDAQ".
Farr went on to note that, in addition to his notable accomplishments at Intel Corporation, Mr. Davis has an impressive track record of helping start-ups achieve rapid financial growth. “Early in his career, Ed built his own company from inception to $5 million per year and sold it to Helionetics,” said Farr. “He was a founding member that built Exsysco which became National Advanced Systems from scratch to $300 million in 18 months. He was also a founder of a new division of Intel that achieved $750 million in sales in two years. We are confident that Ed will guide our subsidiary, Hydra Fuel Cell Corporation, to its goal of over $100 million in sales within the next few years.”
Ben Shafer is the Chief Technology Officer for Hydra Fuel Cell Corporation. He has served as an Electrical Engineer and Software architect at Intel Corporation. He also was Principal Engineer and Systems Architect at Tektronix Corporation.
James Twedt, CPA is President and CEO of Hydra Fuel Cell Corporation. Mr. Twedt is a former IRS Agent and Agent for the office of International Operations. He has served as CFO for a large public Company.
FUEL CELL PRODUCT
The current product is in the final stages of development and will be called the HydraStax™ fuel cell. It is intended to be the first modular, mass producible, fuel cell. The Unit is housed in a computer-like housing or HVAC unit, which will support 10 individual fuel cells, each generating 1KW. The fuel cell is designed to be completely interchangeable and each module will be hot-swappable. Included in the package will be bi-directional, remote monitoring, command and control software and a comprehensive set of monitors which will be supervised by the software.
Management projects that in volume production a 6KW system will sell in the $4500-$5000 range which will result in a Cost /KW of roughly $650. This cost is expected to come down into the $400/ KW range with mass production efficiencies.
The Company will ship beta units to customers in January, 2006.
MANUFACTURING PROCESS
All of the components in the initial fuel cell manufacturing process are currently available from existing suppliers in the market. This allows an assembly operation to be conducted in a way that can rapidly ramp up production. Extensive use will be made of existing volume manufacturing techniques from manufacturers with whom we have long standing working relationships from other ventures.
OUTLOOK
The break-through technology is now in place, the industry is primed for great growth, and the company is taking advantage of the need for mass production of a low cost and efficient power generation system .
Based on these factors ARSC is expecting 2006 sales to be around 15 million dollars, annualized on fourth quarter revenue. Using a conservative PE ratio of 15-1, if that level of sales is achieved, the company would be able to defend a valuation of the stock well north of $1.
Using present valuation of the stock, the risk-reward ratio should be one to consider.
A 1 KW solar home system costs 9000$ and only works in the sun. This will be around 4500$ for 6 KW and works all the time. Since it is modular you can use more than one stack.
There have been generators on the market through the 90's that give say 200 KW but they are huge. This may be small enough to be used for homes or smaller buildings.
The heat given off is also available for home heating in the winter or water heating year around, so that one unit could take care of multiple functions.
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I have tried to find some other fuel cell companies and see their financial position. This company is as good as it gets.
Market Cap of 9.7 million with projected sales of 15 million. Other companies have market caps of low billions with not much more sales than this company. PLUG for instance is much furthur along but are losing money. Market cap of 463 million with a quarterly loss of .14/sh.
One other player that is entering the sales phase is ASRNF and they seem to be about equal to arsc. 3.6 million market cap with potential sales equal or greater than the market cap.
One giant company is UTX and they are now making generators and selling them. They are larger and much more diversified. PE of 17. I don't know if their fuel cel division makes money yet.
ARSC is one to watch. If they get financing and can mass produce their product you better watch out. This could be huge.
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What makes this fuel cell different is it is constructed like a circuit board. They bought the patent because the design is readily mass produceable.
I said above it was 6 KW but it is actually 40 KW. 1 KW would run a 100 watt bulb for 10 hours, so one would basically run 17 bulbs 24 hours a day.
I bought some electric heaters that use 1500 watts. so it would run one heater for 36 hours. My utility bill runs 500$ and 500 X 12 = 6000$. At $4500 this would pay for itself in a couple of years imo.
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In the article it states that 1000$/KW cost brings it into a range of competitiveness, since the one being marketed is currently $650/KW with possibilities of $400/KW, it is a big deal.
quote: There is a "magic" number for on-site power production machinery. For economic viability, the buyer wishes to pay about $1000 per KW for the installed system...
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I got a reply back on two questions as well. One of their announced acquisitions was dropped because the company they were acquiring could not provide auditable financials.
Sounds like a straight forward company.
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Theres your PR about the demo and .3 also came and went, what a great day. Hopefull the pressure near the end of the day carries into tomorrow. Now if they can get some contracts the sky is the limit on this one. Thoughts anyone?
-------------------- Money often costs too much. - Emerson
**ALL POSTS ARE IMHO, DO YOUR OWN REASEARCH.**
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This is today's PR. There is a low number of shares with this stock. I can't wait to get some PR's regarding the units being sold.
ARSC Hydra Unit Demo's Hydrogen Fuel Cells to Government and Industry Thursday January 26, 3:22 pm ET
HOUSTON--(BUSINESS WIRE)--Jan. 26, 2006--American Security Resources Corporation (OTCBB:ARSC - News) announced today that its Hydra Fuel Cell Corporation subsidiary successfully demonstrated beta units of its proprietary HydraStax(TM) hydrogen fuel cells in Beaverton, Oregon, on January 20, 2006.
Ed Davis, Chairman of Hydra, said, "We had over twenty representatives of industry and government here to see the working beta units. The units performed flawlessly and the response from the attendees was very enthusiastic. We are currently following up on the requests for additional data from some of the groups who participated in the demo. We are expecting some to order units."
The HydraStax(TM) is designed to be the first commercially mass producible hydrogen fuel cell. ARSC believes the market for this type of fixed power unit in military and commercial applications could number in the hundreds of thousands.
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Hi everyone. Never posted here, but am looking for some opinions. I got into ARSC in december, cost basis just under $0.14. Do you guys think there will be a significant pullback yet, or will all the good news keep building on itself, at least until some PR's about sales orders start coming out?
I'm long on this stock either way, just curious what to expect in the near-term. Thanks for any insight!
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Great close on friday- which bodes well for the future of the price on this stock. I'm expecting dolaar range as soon as a pr is released about sales orders and in my opinion they will be coming real soon.
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