ARSC Hydrogen Formulator May Trigger "Hydrogen Economy".HOUSTON -- American Security Resources Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ) announced that it is developing a technology to formulate hydrogen that will change the economics of producing hydrogen sufficient to enable the hydrogen economy. In an interview on AudioStocks.com (www.audiostocks.com), ARSC CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Frank Neukomm revealed that the company's subsidiary Hydra Fuel Cell Corp. was successfully upgrading an experimental method of producing hydrogen originally developed at a U.S. university. Ben Schafer, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Hydra Fuel Cell Corp., speaking on The Bill Chippas Show, (www.billchippasshow.com) said that currently the cost of producing a kilogram kilogram, abbr. kg, fundamental unit of mass in the metric system, defined as the mass of the International Prototype Kilogram, a platinum-iridium cylinder kept at Sèvres, France, near Paris. of hydrogen was around $7 to $8. Using this new technology, the cost of producing hydrogen could drop below $2 per kg, which is the DOE threshold to make hydrogen competitive with established energy sources. Bob Farr, President and COO of ARSC, stated, "We expect the ability to produce hydrogen on demand using this technology will be a much bigger business for us than the fuel cell business." American Security Resources Corporation ARSC is a holding company actively seeking to acquire companies and technologies that will advance the development of clean energy. ARSC, through its Hydra subsidiary, is developing high volume, mass producible hydrogen fuel cells. For more information, please see: www.americansecurityresources.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. |
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