Innovative Alternative Fuel Company Secures Financing and Sets Up Shop in UK with Help of British Government; Startup ``On-Demand Hydrogen'' OM Energy Ltd, Establishes in the UK with US and Overseas Seed Financing.LONDON -- A pioneering energy company, which has developed technology that extracts hydrogen from water, today announced that it has been established as a UK company. UK Trade & Investment's Global Entrepreneurs Programme (GEP GEP gastroenteropancreatic. ), a department within the British government, assisted OM Energy Ltd in establishing itself as a British company to develop its innovative Electro Hydrogen Generator (EHG EHG Eye Hate God (band) EHG Electrically Heated Glass ) in the UK. "The successful creation of OM Energy Ltd. as a UK company represents UK Trade & Investment's steadfast commitment to help develop global entrepreneurship based on exceptional intellectual property," said Ian Pearson Ian Phares Pearson (born 5 April 1959, West Midlands) is a politician in the United Kingdom. He is Labour member of Parliament for Dudley South and Minister of State in the Department for Innovation, Universities and Skills. , UK Minister of State for Trade The Minister of State for Trade is an executive position in the Government of the United Kingdom, in both the Foreign and Commonwealth Office and the Department for Trade and Industry . "I believe the company will benefit greatly from establishing its base in the UK, from which it can grow and penetrate the global marketplace." GEP has also helped OM Energy successfully secure initial private financing from a small syndicate of private technology and energy investors in the US and overseas. The financing will support the establishment of OM Energy in the UK and be used for the assembly of version four of the OM Energy prototype prior to the commercial phase. The technology is a hydrogen-from-water generating process that helps solve many of the hydrogen creation and storage problems faced today and in the fast approaching "hydrogen economy." It is the hydrogen that could be mixed with petrol to make a more cost effective and environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] fuel. Water is made from two Hydrogen atoms and one Oxygen atom, and this process efficiently separates the H from the O. The technology, if commercially successful, could in future help fuel cars using tap water and could even help ships power themselves using seawater seawater Water that makes up the oceans and seas. Seawater is a complex mixture of 96.5% water, 2.5% salts, and small amounts of other substances. Much of the world's magnesium is recovered from seawater, as are large quantities of bromine. . In addition to supporting the company's migration and introduction to financing sources, GEP assisted OM Energy with the evaluation of the technology and the transfer of the core patent to the protective environment of a UK company. GEP will also help build and enhance its management team through a network of "Dealmakers," who are serial entrepreneurs with technology and global business experience. "OM Energy's cutting-edge technology promises to contribute significantly to the hydrogen technology development," said Eric Van Eric M. Van (b. May 8 1954, Boston, Massachusetts) is an American sabermetrician, science fiction convention organizer and critical public speaker, and rock music critic. Raised in Natick, he graduated from Northfield Mt. Der Kleij, the Dealmaker deal·mak·er n. One that makes deals, as in business, finance, or politics. deal  mak responsible for the OM Energy relationship, and one of the UK's government's leading dealmakers. "We are very pleased that the company decided to develop its technology and establish its business in the UK." Although OM Energy developed their patent and core technology in Russia, the company's management felt they needed a strategically viable location to globally protect and expand their intellectual property and business. GEP advised OM Energy on the benefits of establishing in the UK, and the company has cited GEP's strategic counsel and networking support as the key catalysts to identifying funding sources and migrating to the UK. The company has already filed the worldwide patents for the core EHG technology and is now poised to assemble version four of the EHG prototype in the UK. About UK Trade & Investment and The Global Entrepreneurs Programme UK Trade & Investment is the government organization that provides integrated support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for both UK companies engaged in overseas trade, and foreign businesses focused on the UK as an inward investment Inward investment is the injection of money from an external source into a region, in order to purchase capital goods for a branch of a corporation to locate or develop its presence in the region. location. For more information visit the web site at www.uktradeinvest.gov.uk UK Trade & Investment launched the Global Entrepreneurs Programme (GEP) in 2003 as a new approach to economic development. The GEP champions new business ideas by bringing together entrepreneurs and those who can best guide them towards success in the UK. Dealmakers act as a liaison between the government and entrepreneurs. For more information visit the GEP website at www.entrepreneurs.gov.uk OM Energy follows the successful establishment of iCurie from South Korea and Vortis from California in the UK earlier this year. About OM Energy Ltd. Founded by a team of Russian scientists, OM Energy Ltd. is a pioneering hydrogen energy company and the developer of the Electro-Hydrogen Generator, a patented Electro-Kinetic electrolysis electrolysis (ĭlĕktrŏl`əsĭs), passage of an electric current through a conducting solution or molten salt that is decomposed in the process. process that is targeted at broad applications in the fast-growing "Hydrogen Economy." |
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