Hydra Fuel Cell Corporation, a wholly owned subsidiary of American Security Resources Corporation (ARSC.OB), announced that the company will be installing a complete HydraStax fuel cell system at a residence in Miami, Florida on December 14.
Jim Twedt, President and CEO of Hydra, stated, “This is a demonstration of our very robust beta fuel cell system which we expect to replace with a production model sometime in early 2008. The system contains some upgrades from the previously installed Texas beta system. The production models will be smaller, significantly more efficient and include the ammonia-to-hydrogen fuel system being developed by American Hydrogen Corporation.”
He added, “That fueling system is scheduled for delivery in about 60 days and will deliver hydrogen at a price that we expect will make the electricity generated by HydraStax® fuel cells much less expensive than the electricity purchased from the grid.”
Twedt also discussed how a large number of international real estate developers have expressed explicit interest in this product. However, developers are awaiting confirmation and complete instillation of the Miami system to receive confirmation of product efficiency and overall logistics.
Let us hear your thoughts below:
