Hydrogen Technology and E-Clips Energy plan to partner for the development of an H-Hybrid unit, which can be provided to auto-sales under a separate collaboration agreement which was announced on April 22, 2009. It is expected that the developed prototypes will be tested for a number of applications in different market sectors.
As per the LOI with Hydrogen Technology, E-Clips Energy proposes to collaborate on the development of HHO systems for gasoline, diesel and free-standing engines and generators, which will provide value to customers in the transportation sector and fixed industrial locations. The preliminary market for gasoline engines comprises of more than 230 million cars and light passenger transport vehicles, each of which can be retrofitted with the company’s H-Hybrid system.
Ben Croxton, chief executive officer of E-Clips Energy, said, ‘This is an excellent arrangement from which we expect to provide a number of highly fuel-efficient systems that have a wide range of market applications. In today’s world, there exists a greater demand for fuel economy and emission reduction technologies and our HHO Product Line will meet these twin demands head-on.’
‘We are very glad to be working with EET on developments involving hydrogen-oxygen technology,’ said Russ Scott, chief operating officer of Hydrogen Technology. ‘Our companies have traded intellectual property in the past and our complementary skill sets give me confidence that we will succeed in developing effective H-Hybrid systems that will be used throughout several markets.’
