Bonneville Power Administration to Receive ARSC's Hydra Unit's HydraStax(TM) Hydrogen Fuel Cell for Evaluation.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 today that its Hydra Fuel Cell Corporation subsidiary will deliver a beta unit of its proprietary HydraStax(TM) hydrogen fuel cell to be tested by Bonneville Power Administration The Bonneville Power Administration (BPA) is a U.S. self-financed federal agency which transmits and sells wholesale electricity in Washington, Oregon, Idaho, and western Montana. The BPA is part of the U.S. Department of Energy, and is headquartered in Portland, Oregon. (www.bpa.gov). BPA is a major wholesale power producer in the Pacific Northwest. BPA representatives attended the demonstration of Hydra's breakthrough technology at Hydra's facilities in Beaverton, Oregon Beaverton is a city in Washington County, Oregon, United States, seven miles west of Portland in the Tualatin River Valley. As of May 2006, its population is estimated to be 84,270,[1] 9.1% more than the 2000 census figure of 76,129. , in January. BPA has indicated to Hydra that there are thousands of remote facilities in their service area for which hydrogen fuel cells could provide backup and primary electric power. Bob Farr, President of ARSC, stated, "This is a major milestone on our path to commercialization of this breakthrough fuel cell technology. The remote telecom and radio broadcast facilities where BPA sees using these fuel cells is a primary market for us. We can begin taking orders when we are through the first stage of certifications, probably in the next ninety days or so." The HydraStax(TM) is designed to be the first commercially mass producible hydrogen fuel cell. It is designed for fixed power applications up to 40kW. American Security Resources Corporation ARSC is a holding company actively seeking to acquire companies and technologies that will advance the development of alternative energies. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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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