Hydrogen Engine Center, Inc. (HEC) (OTC Bulletin Board:
HYEG
-
News) has
commenced the manufacture and delivery of its near zero emission
hydrogen engines, as well as other alternative fueled internal
combustion engines.
This progress marks the culmination of the first phase of HEC's
plan to fill its distribution pipeline with its state-of-the-art
line of engines and generator sets. HEC's products are focused on
the industrial and distributed power markets.
HEC recently completed construction of operational and
manufacturing facilities at its headquarters in Algona, Iowa. Along
with new facilities, HEC has established a supply chain both
domestically and from Asia.
HEC has a highly-regarded North American distribution network
comprised of carefully selected and established engine distributors.
These 10 distributors view HEC's Oxx Power(TM) engine products as a
new solution for the industrial engine business.
HEC engineers have created significant advances in the area of
hydrogen internal combustion engine and genset technology. HEC was
incorporated on May 19, 2003 by Ted Hollinger, HEC's co-founder and
president. He was former director of power conversion for the
Ecostar Division of Ford Motor Company and former power conversion
group vice president of Ballard Power Systems.
"We firmly believe that we must demonstrate efficient,
scalable and repeatable manufacturing processes in order to be a
reliable supplier to our markets," said Hollinger. "With
the commencement of the shipment of our Oxx Power(TM) engines, we
have done that."
"Building on this foundation, HEC plans to continue
implementing advanced technology by powering engines with
alternative fuel sources and continually improving engine efficiency
and economics," Hollinger added. "HEC is also working to
expand its manufacturing, sales and distribution capacity in order
to maximize the opportunity for the expected growth and demand for
alternative fuel power solutions."
About Hydrogen Engine Center, Inc.
Hydrogen Engine Center, Inc. designs, manufactures and
distributes flex and alternative fuel internal combustion engines
and power generation equipment for agricultural, industrial, airport
ground support, vehicular, business and home applications. All HEC
engines and generators are capable of running on a multitude of
fuels, including but not limited to hydrogen, gasoline, propane,
natural gas or ethanol. Engines that run on other fuels are
currently under development. HEC trades on the Bulletin Board under
the symbol "HYEG.OB." Its principal offices are located at
2502 E Poplar St., Algona, Iowa 50511. Visit http://www.hydrogenenginecenter.com
or call 515-295-3178 for more information.
This press release may contain certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including without
limitation, acceptance of the Company's products, increased levels
of competition for the Company, new products and technological
changes, the Company's dependence on third-party suppliers, and
other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.
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