In American Security Resources Corporation, we find an organization which dedicates itself to the realization of a better tomorrow. The company is working tirelessly toward the development and eventual deployment of a technology long thought to be something out of a sci-fi film; the energy-efficient hydrogen fuel cell.
In mid-2007, American Security Resources’ subsidiary, American Hydrogen Corporation, was granted an exclusive license to commercialize Ohio University engineer Gerardine Botte’s ammonia-to-hydrogen conversion cell. In industry terms, it is a catalytic electrolyzer technology which efficiently converts ammonia into hydrogen, its purpose being inexpensive fuel production for various propulsion systems and clean energy generation.
Significant public confusion was prompted by a recently released quarterly report as to the standing of this contract. In an effort to alleviate skepticism, president of American Hydrogen Corporation, Ben Schafer stated: “Contrary to a statement in ARSC’s most recent 10-Q, we are NOT in default on our license agreement with Ohio University. While our sister company Hydra Fuel Cell Corp. was fighting its patent lawsuit we fell behind in our obligations here, but we are working with Ohio to bring them current by the middle of the summer.”
Upon fruition, the technology stands to cut the production of a kilogram of hydrogen (which holds energy equal to one gallon of gasoline) down to about $2.00; something for all of us to think about the next time we are standing at the pump.
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