American Security Resources Corp. Subsidiary Hydra Fuel Cell Joins USC Center for Fuel Cells Industry Advisory Board.
"The exposure we will generate for our HydraStax(TM) technology through participation on this Advisory Board is immeasurable," said Bob Farr, President of American Security Resources.
"Through our participation with this distinguished group of fuel cell industry executives, we will have advance access to cutting edge technological innovation in scientific areas related to our work here at Hydra Fuel Cell on future versions of the HydraStax(TM)," said Benjamin F. Schafer, CTO of Hydra. "We have a significant intellectual property platform already and we are currently filing many more patent applications related to the HydraStax(TM) design that we feel will leverage the value not only of the fuel cell units we produce but generate significant licensing opportunities as well," he added. "We expect to continue expanding the scope of our licensing and patent portfolio as we bring the HydraStax(TM) to market in 2006."
The HydraStax(TM) fuel cell is a proprietary technology owned by ARSC's Hydra unit that increases both the efficiency and useful life of fuel cell membranes. The HydraStax(TM) is designed for mass production with significantly longer membrane lifespan. The company believes that the combination of these factors will lead to the widespread adoption of its HydraStax(TM) technology platform within the fuel cell industry.
American Security Resources Corporation, "ARSC" is a holding company acquiring and developing technologies that will advance the development of alternative energies. ARSC, through its Hydra subsidiary, is developing high efficiency, mass producible hydrogen fuel cells.
The Center for Fuel Cells at the University of South Carolina is a National Science Foundation (www.NSF.gov) Industry/University Cooperative Research Center focusing on the research, development and commercialization of environmentally friendly fuel cell technology. In addition to ARSC's Hydra unit, industrial members include Du Pont (NYSE:DD), BASF (NYSE:BF), John Deere (NYSE:DE) and Plug Power (NASDAQ:PLUG). Their website is: http://fuelcells.engr.sc.edu.
For more information, please see: www.americansecurityresources.com
Safe Harbor 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.