Samstag, 12. Februar 2011
Lessons From Toronto Hydro
The president of one of the most progressive utilities in North America doesn’t believe in smart grid. Instead, Anthony Haines, President and CEO of Toronto Hydro, said that the technology that is often labeled as smart grid is nothing more
Mercedes plans hydrogen-fuelled journey round the world
Mercedes-Benz has announced that it is to undertake a unique journey to become the first to circumnavigate the world in a fuel cell vehicle.
Beginning the end of January, the German car maker’s ‘F-Cell World Drive’ will see its B-Class F-Cell car vehicle embark on the journey...
Hy-Drive Technologies Ltd. Seals Deal with GreenCell Tech
MISSISSAUGA, ON, Jan. 11 /CNW/ - Hy-Drive Technologies Ltd. ("Hy-Drive") (CDNX:HGS.V) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS®") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
Gt5 Greencell Technologies: Hy-drive Technologies Ltd. Seals Deal With Greencell Tech
MISSISSAUGA, ON, Jan. 11 /PRNewswire/ - Hy-Drive Technologies Ltd. ("Hy-Drive") (TSXV: HGS) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Greencell Technologies Inc.
GreenCell Technologies is a Canadian company dedicated to designing and bringing to market, technology-based products for the alternative energy marketplace.
Listed on the Frankfurt Exchange: GT5 - Last Trade € 1.100 per share
GreenCell Augments Installation Team; Set to Meet Service Demand from Trucking Industry
(Aurora) – Effective immediately, GreenCell Technologies Inc. (Frankfurt Open Market: GT5) has announced that Tomek Chmiel has been appointed manager of the expanding installation team and will join the Ontario-based producer of proprietary hydrogen injection fuel systems, branded HydroCell™ and HydroCell Max™. He joins GreenCell after spending four years at Hy-Drive. Though providing a completelyGreenCell Technologies GT5 Develops New Wireless Product
GreenCell Technologies GT5 Develops New Wireless Product to Complement HydroCell™ unit. GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCell™ unit. (Toronto) – GreenCell Technologies GT5 Develops New Wireless Product to Complement HydroCell™ unit. GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCell™ unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.
GreenCell Technologies GT5 Develops New Wireless Product
(Toronto) – GreenCell Technologies GT5 Develops New Wireless Product to Complement HydroCell™ unit. GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCell™ unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.
The innovative device simply plugs into the cigarette lighter on the dashboard and instantly indicates the current status of the HydroCell™ and its present operating condition. The driver will instantly be aware if the HydroCell™ is in need of water and can rectify the condition which will minimize downtime.
Related Coverage
- GT5 GreenCell Develops New Wireless Product to Complement HydroCell™ unit
- GT5 GreenCell Technologies on Hydrocell
- GT5 GreenCell Technologies: HYDROGEN USE AS A MOTOR FUEL
- Evolution of Wireless Technology
(Toronto) - GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCellTM unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.
The HydroCell produces Hydrogen Gas, on demand, and adds it to the air drawn into a diesel engine. This small quantity of Hydrogen has large effects on the combustion process.
There are several ways that hydrogen can be used as a motor fuel. It can be used to directly replace gasoline or diesel fuel in specially designed internal combustion engines (ICEs), or it can be used to supplement these typical fuels in existing engines. In either of these cases, the vehicle drive system will be identical to those used on most gasoline-powered or diesel-powered vehicles. The engi
he First Generation (1G) of wireless communication is an analog type of technology wherein the signals are modulated to higher frequency to transmit signal from a mobile device to another via base station. Different standards were developed in different regions, to name a few - AMPS (Advanced Mobile Phone System) in US, NMT (Nordic Mobile Telephone) in Eastern Europe, TACS (Total Access Communications System) in United Kingdom.
The HydroCell™ requires the addition of water every 40 - 50 hours of operation and will shut down and not generate Hydrogen if allowed to run dry. This device will ensure maximum fuel savings by eliminating downtime due to lack of water. HydroCell™ has exceeded expectations and is typically doubling hydrogen output and increasing fuel efficiencies for transportation companies and independent drivers alike.
Hydrogen, as a fuel, is emission free and the only by-product of combustion is water. It is the most abundant element in the universe and is the fuel of choice for the Space Shuttle’s main engine.
To assure continued fuel savings, the HydroCell™ is always tested for performance, efficiency, reliability and hydrogen output on numerous vehicles, to enhance its core design and help refine the product specifications for engineers. In addition to recent discoveries, GreenCell Technologies GT5 is also conducting extensive lab tests to establish the most efficient electrolyte mixture and the optimal Anode to Cathode distance for maximum hydrogen production. These tests will lead to new modifications to increase hydrogen output, boost fuel efficiency overall and reduce manufacturing costs.
The HydroCell™ is an electrolysis-based on-demand Hydrogen generator designed specifically for the transport industry.The product draws a small amount of power from the vehicles electrical system and uses it to produce Hydrogen gas from a water-based solution. The HydroCell™ directs the produced Hydrogen gas to the intake of the vehicles engine where it acts as a catalyst during the normal combustion cycle. This creates more power and fewer emissions, burning only the existing fuel in the cylinder, resulting simply in less fuel being required to operate the vehicle.
GT5 GreenCell Technologies Inc. is a Canadian company, dedicated to designing and bringing to market technology-based products for the transportation and energy industries.
For further information, contact the GreenCell Technologies Inc. head office in Canada, through email, which can be sent to: Investors@greencelltek.com
Greencell Technologies Inc (GT5:GR)
Greencell Technologies Inc. designs and develops technology based products in the alternative energy market. The Company's current project is an on-board-on-demand hydrogen generator engineered specifically for diesel transport trucks. Greencell is also seeking to develop and solar energy division that offers product, consultation, and installation services.
Greencell Technologies Inc.
Price Information
GreenCell Technologies Discover Method to Double the Existing Hydrogen Output of their Proprietary Hydrogen Enrichment System the HydroCell
GreenCell Technologies Discover Method to Double the Existing Hydrogen Output of their Proprietary Hydrogen Enrichment System the HydroCellGreenCell Technologies through their most recent round of testing have discovered a method to double the existing
Valentine's Day, Gift Ideas and Love Sayings For Your Valentine
What is the first word that comes to your mind when you think of Valentine’s Day? The word is Love. Something that we all crave and need, and at times wish for. So if you have fallen in love, go all out to express your hearts desire to your valentine. Pen down all your thoughts in a valentine card and gift it to her. A love letter with romantic love quotes is even better. It will have a personal touch and create a fairytale romance for you. Uttering out cute valentine messages when you are together would add all the “mush”. If you are wondering about valentine's day ideas, then explore the various section of our website.
Valentine Gifts
Valentine’s Day becomes incomplete without Valentine’s Gift. These could be almost anything. Propose her with a quaint diamond ring, and she sure would say a “Yes”. Cooking together or going for your favorite is also a good idea. From key chains to “I love you” rose bouquet as a valentine's gifts for him or her, you can plan whatever you think would be special.Dienstag, 8. Februar 2011
Gt5 Greencell Technologies: Hy-drive Technologies Ltd. Seals Deal With Greencell Tech
MISSISSAUGA, ON, Jan. 11 /PRNewswire/ - Hy-Drive Technologies Ltd. ("Hy-Drive") (TSXV: HGS) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.
"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.
Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.
"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.
Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.
About Hy-Drive
Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed in the section "Risks and Uncertainties" below.
Although Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Greencell Technologies Inc.
GreenCell Technologies is a Canadian company dedicated to designing and bringing to market, technology-based products for the alternative energy marketplace.
Listed on the Frankfurt Exchange: GT5 - Last Trade € 2.960 per share
GreenCell Augments Installation Team; Set to Meet Service Demand from Trucking Industry
(Aurora) – Effective immediately, GreenCell Technologies Inc. (Frankfurt Open Market: GT5) has announced that Tomek Chemiel has been appointed manager of the expanding installation team and will join the Ontario-based producer of proprietary hydrogen injection fuel systems, branded HydroCell™ and HydroCell Max™. He joins GreenCell after spending four years at Hy-Drive. Though providing a completelyGreencell Technologies Inc.
Greencell Technologies Inc (GT5:GR)
Greencell Technologies Inc. designs and develops technology based products in the alternative energy market. The Company's current project is an on-board-on-demand hydrogen generator engineered specifically for diesel transport trucks. Greencell is also seeking to develop and solar energy division that offers product, consultation, and installation services.
GreenCell Technologies GT5 Develops New Wireless Product
(Toronto) – GreenCell Technologies GT5 Develops New Wireless Product to Complement HydroCell™ unit. GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCell™ unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.
The innovative device simply plugs into the cigarette lighter on the dashboard and instantly indicates the current status of the HydroCell™ and its present operating condition. The driver will instantly be aware if the HydroCell™ is in need of water and can rectify the condition which will minimize downtime.
Related Coverage
- GT5 GreenCell Develops New Wireless Product to Complement HydroCell™ unit
- GT5 GreenCell Technologies on Hydrocell
- GT5 GreenCell Technologies: HYDROGEN USE AS A MOTOR FUEL
- Evolution of Wireless Technology
(Toronto) - GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCellTM unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.
The HydroCell produces Hydrogen Gas, on demand, and adds it to the air drawn into a diesel engine. This small quantity of Hydrogen has large effects on the combustion process.
There are several ways that hydrogen can be used as a motor fuel. It can be used to directly replace gasoline or diesel fuel in specially designed internal combustion engines (ICEs), or it can be used to supplement these typical fuels in existing engines. In either of these cases, the vehicle drive system will be identical to those used on most gasoline-powered or diesel-powered vehicles. The engi
he First Generation (1G) of wireless communication is an analog type of technology wherein the signals are modulated to higher frequency to transmit signal from a mobile device to another via base station. Different standards were developed in different regions, to name a few - AMPS (Advanced Mobile Phone System) in US, NMT (Nordic Mobile Telephone) in Eastern Europe, TACS (Total Access Communications System) in United Kingdom.
The HydroCell™ requires the addition of water every 40 - 50 hours of operation and will shut down and not generate Hydrogen if allowed to run dry. This device will ensure maximum fuel savings by eliminating downtime due to lack of water. HydroCell™ has exceeded expectations and is typically doubling hydrogen output and increasing fuel efficiencies for transportation companies and independent drivers alike.
Hydrogen, as a fuel, is emission free and the only by-product of combustion is water. It is the most abundant element in the universe and is the fuel of choice for the Space Shuttle’s main engine.
To assure continued fuel savings, the HydroCell™ is always tested for performance, efficiency, reliability and hydrogen output on numerous vehicles, to enhance its core design and help refine the product specifications for engineers. In addition to recent discoveries, GreenCell Technologies GT5 is also conducting extensive lab tests to establish the most efficient electrolyte mixture and the optimal Anode to Cathode distance for maximum hydrogen production. These tests will lead to new modifications to increase hydrogen output, boost fuel efficiency overall and reduce manufacturing costs.
The HydroCell™ is an electrolysis-based on-demand Hydrogen generator designed specifically for the transport industry.
The product draws a small amount of power from the vehicles electrical system and uses it to produce Hydrogen gas from a water-based solution. The HydroCell™ directs the produced Hydrogen gas to the intake of the vehicles engine where it acts as a catalyst during the normal combustion cycle. This creates more power and fewer emissions, burning only the existing fuel in the cylinder, resulting simply in less fuel being required to operate the vehicle.
GT5 GreenCell Technologies Inc. is a Canadian company, dedicated to designing and bringing to market technology-based products for the transportation and energy industries.
For further information, contact the GreenCell Technologies Inc. head office in Canada, through email, which can be sent to: Investors@greencelltek.com
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