American Hydrogen Corp. Subsidiary to Develop Hydrogen Formulator Opportunity for ARSC.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 ) has created a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , American Hydrogen Corporation, to further develop and commercialize a breakthrough technology to formulate hydrogen that is expected to change the economics of producing hydrogen sufficient to enable the hydrogen economy. American Hydrogen Corporation will operate initially from the offices of ARSC's subsidiary, Hydra Fuel Cell Corporation. Bob Farr, President and COO of ARSC, explained, "Ben Schafer, CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of our Hydra Fuel Cell subsidiary, discovered this process while reviewing university research seeking science and technologies that would enhance our fuel cell and clean energy development efforts. Working closely with the university the technology was "up-scaled" to prove that the process is commercially viable. The research indicates that hydrogen can be produced with this unique electro-catalytic process for less than $2.00 per 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. using ammonia as a feed stock." Farr continued, "The first application of this formulator technology will be as a hydrogen generator for our HydraStax[R] fuel cells. From there we will create larger commercial formulators." 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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