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Hydra Fuel Cell Receives $1.1 Million Fuel Cell Purchase Order
Jan 7, 2008 12:23:01 (ET)
BEAVERTON, Oregon, Jan 07, 2008 (BUSINESS WIRE) -- Hydra Fuel Cell Corporation , a wholly owned subsidiary of American Security Resources Corporation (ARSC, Trade ), announced today that it has received a $1,100,000 Purchase Order for fuel cell systems from Miami-based, international building products distributor Conexa.
Jim Twedt, President and CEO of Hydra, stated, "We are very pleased with the speed that Conexa and their distributors are moving to market. Their P O is for 50 HydraStax(R) 5000 5kW systems that are to be delivered by June 30."
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire clean energy companies and technologies. Its Hydra Fuel Cell Corp. 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.
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I've had this stock for over a year. I am long on it and have bought and sold a part of my holdings during several very good runs. But I don't want to loose out when this really goes up so will not sell the majority of my shares. So yes, I have purchased at this level, a no brainer. This stock has paid for itself many times over.
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Was just askin since I jumped in for my share of the ride.The move towards alternative fuels dictate that someone builds a fuel cell to handle the need.I bought a chunk today as well.
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ARSC Acquires Building for American Hydrogen Corp. Development of Ammonia-to-Hydrogen Technology
Jan 14, 2008 11:20:01 (ET)
HOUSTON, Jan 14, 2008 (BUSINESS WIRE) -- American Security Resources Corp. (ARSC, Trade ) announced today that it has entered into a lease-purchase agreement on a new industrial facility for the primary use of its subsidiary, American Hydrogen Corp. The new 31,600 square foot building is being acquired from the Meigs County Community Improvement Corporation ( www.meigscountyohio.com/spec_building.htm ) with a lease-purchase funded by a low interest State of Ohio loan. Meigs County, Ohio is contiguous to Athens County where AHC offices at Ohio University ( www.ohio.edu ).
Benjamin Schafer, president of American Hydrogen and CTO of Hydra Fuel Cell, said, "This building gives us the space we need to develop our processes for the large industrial applications we have identified. We will also be assembling and doing systems integration of HydraStax(R) fuel cells and ACE (ammonia-catalytic-electrolyzer) units."
Bob Farr, President and COO of ARSC, said, "In addition to this being a terrific deal for us, it gives us more that enough space for American Hydrogen's needs, room for fuel cell assembly for Hydra and eventually we may even have a wind turbine assembly line here."
"We are happy to welcome American Security Resources and this exciting technology to our community," said Paul Reed, President of the Meigs County Community Improvement Corporation. Mick Davenport, President of the Meigs County Board of Commissioners, added, "American Hydrogen will be a wonderful asset to this region and to the entire State of Ohio."
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