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RENO, NV, May 25, 2010 (MARKETWIRE via COMTEX) -- eHydrogen Solutions, Inc. (PINKSHEETS: EHYD) announced today the conclusion of an Intellectual Property (IP) Transfer Agreement that includes core Photoelectrolysis and artificial Photosynthesis technologies for the dash efficient and environmentally friendly on-demand hydrogen production.
The transaction is valued at $1,500,000 purchased through an equitableness-building issuance of Preferred Stock and will create no debt for the Company. This transaction is in addition to the Intellectual Means (IP) Transfer Agreement completed earlier this year and substantially expands its core On Demand Hydrogen Manufacturing (ODHP) technologies and adds impetus to its recently announced The H-Solaris Initiative.
The addition of these core ODHP technologies, together with technological advances and new government research funding, has advanced Photoelectrolysis and artificial Photosynthesis technologies to a level where they can be integrated into eHs' recently announced H-Solaris Distributed Vigour and CHP projects. These processes, when integrated into a fuel cell, hydrogen powered generator and/or advanced battery storage, will license sufficient hydrogen production to power a home, only using the sun and water. This has important potential implications, since hydrogen can be produced on-instal, at little cost, and does not need to be transported.
