Hydrogen Technologies Inc. Launches New Internet site and Internet marketing Products
TULSA, Okla. and VANCOUVER, British Columbia, Jan. 27, 2021 (World NEWSWIRE) — Further to its news release dated January 22, 2021, announcing its settlement to purchase all the assets of Hydrogen Technologies Inc. (“HTI”), Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO FRA: JLM OTC PINK: JROOF) is pleased to introduce a re-branded internet site and Company Presentation outlining HTI’s patented and novel large-temperature cleanH2steam Dynamic Combustion Chamber boiler that enables zero emissions hydrogen to generate heat, very hot-water, superior-temperature steam, and Combined Warmth & Electrical power (“CHP”) as a result of a closed-loop approach.
HTI’s new internet site and Corporate Presentation can be found at: www.hydrogentechnologiesinc.com.
Janet Reiser, President of HTI, states, “We are thrilled to work with the Jericho Staff to deliver our ideal-in-course Hydrogen Engineering to the entire world. Hydrogen, as a zero-emission gasoline and feedstock, is witnessing an raising need from Governments, NGOs, Traders amid societal tension for additional sustainable electrical power techniques and fuels. With traditional boilers staying one particular of the world’s most significant source of carbon emissions, we consider the timing of this transaction is the to start with phase in commercializing HTI’s zero-emission technological know-how among the carbon-intensive industries around the world.”
As Formerly Produced by Jericho on January 22, 2021:
As a section of the transaction, Jericho is including the hugely devoted and sturdy complex group from HTI together with its founder, Ed Stockton and President, Janet Reiser. Introducing Ed’s complex capabilities and expertise related to the hydrogen market place will allow for for a seamless transition in constructing up the DCC boiler’s professional achievements in just our reduced-carbon electrical power portfolio. Prior to founding HTI in 2005, Ed spent most of his vocation with Florida Power & Mild (now NextEra Vitality) targeted on lower-carbon systems with immediate ability plant expertise, such as gear startup, upkeep, owing diligence, government relations and regulation promulgation. Janet, with around 35 a long time of expertise in energy management and engineering, most not too long ago working the governmental Alaska Energy Authority, will continue on to direct HTI’s working day-to-day functions and income initiatives.
HTI’s patented zero emissions DCC boiler technique aims to decarbonize the just about $30 billion world wide commercial and industrial heating business even though supplying best-in-course vitality efficiencies.
- The regular drinking water heating, steam era and CHP market place has been run by fossil fuel for above 100 yrs, manufacturing dangerous Carbon Dioxide (CO2), nitrogen oxides (NOx) and sulfur dioxide (SO2) emissions which are significantly staying phased out or removed by government-led emission-based mostly effectiveness standards around the world
- Globally, 85% of all Industrial Boilers emit destructive greenhouse fuel emissions (GHG) with around 35% of the Industrial Boiler install foundation nonetheless run by coal
- Critically, 37% of all fossil fuels utilized in US Field today are burned to create steam, with all the key industrial energy users devoting considerable proportions of their fossil fuel intake to steam output: foods processing (57%), pulp and paper (81%), chemical substances (42%), petroleum refining (23%) and major metals (10%)
- Steam is utilized in 80% of the electrical generation in the US
HTI’s DCC can be made use of for a selection of professional and industrial applications, creating zero emission electric power when combined with a turbine genset in CHP purposes. The patented DCC engineering:
- Awarded the Photo voltaic Impulse Successful Alternatives Label in 2019
- Involves no air permit, with drinking water as the only by-product or service
- Gets rid of all NOx, SOx and CO2 emissions through a closed-loop combustion course of action
- Produces at a 30% bigger efficiency than classic fossil gasoline boilers with a 97% all round boiler thermal efficiency
- Critically, the Overall Price of Manufacturing ($ / lb steam) is charge competitive to common hydrocarbon boiler systems
There are big professional and industrial (“C&I”) marketplaces which HTI is specially focusing on with their zero emissions DCC Hydrogen Boiler. According to sector research, the C&I industry for boilers signifies a $30 billion yearly industry and is approximated to improve involving 5 to 7% for every 12 months, more than the future seven several years, with reduced and zero carbon methods predicted to outpace:
- Professional marketplaces for heat or warm drinking water as an finish-use: Buying malls, universities and institutions, airports, motels, stadiums, hospitals, and govt structures
- Industrial markets for steam-generation as an industrial approach stop-use: refining and petrochemical, pulp and paper, chemical and pharmaceutical, food processing, refrigeration, metals, and mining among the others
- For Put together Warmth & Power applications: Utility Electricity Technology, Power Storage, On-Internet site Dispersed Power, and Details Centers will be crucial marketplaces for a zero-emissions DCC resolution.
This news launch has particular “forward-searching information” inside of the indicating of applicable Canadian securities laws and may well also incorporate statements that may possibly represent “forward-hunting statements” in just the which means of the risk-free harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These kinds of ahead-searching details and forward-on the lookout statements are not representative of historical info or facts or current affliction, but instead signify only Jericho’s beliefs with regards to long run occasions, plans or objectives, many of which, by their mother nature, are inherently unsure and outside of Jericho’s control. Typically, these forward-on the lookout info or ahead-hunting statements can be determined by the use of ahead-on the lookout terminology this kind of as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these terms and phrases or may perhaps consist of statements that particular steps, activities or effects “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Although Jericho believes that the assumptions and components utilized in planning, and the expectations contained in, the forward-seeking info and statements are reasonable, undue reliance must not be positioned on these info and statements, and no assurance or assurance can be offered that these types of forward-wanting info and statements will establish to be exact, as actual final results and long term functions could differ materially from these anticipated in these details and statements. Ahead-hunting information and statements are topic to a wide variety of dangers and uncertainties and other elements that could trigger precise gatherings or outcomes to differ materially from those anticipated in the forward-wanting information and facts and statements which consist of, but are not minimal to:
the consequences of and threats associated with the ongoing COVID-19 pandemic,
the effect of general financial disorders, industry situations and present and future commodity charges which includes sustained small oil selling prices, substantial and ongoing inventory sector volatility, currency and curiosity premiums, governmental regulation of the oil and fuel business, which includes environmental regulation geological, technical and drilling challenges unanticipated operating events opposition for and/or incapability to keep drilling rigs and other products and services the availability of money on suitable conditions the need to attain necessary approvals from regulatory authorities liabilities inherent in oil and fuel exploration, improvement and creation operations and the other variables described in our general public filings accessible at
www.sedar.com
. Visitors are cautioned that this checklist of chance elements really should not be construed as exhaustive.
The ahead-searching info and ahead-hunting statements contained in this news launch are built as of the day of this information launch, and Jericho does not undertake to update any forward-wanting information and facts and/or ahead-seeking statements that are contained or referenced herein, besides in accordance with relevant securities guidelines.
Neither TSX Enterprise Exchange nor its Regulation Providers Provider (as that expression is described in the policies of the TSX Undertaking Exchange) accepts duty for the adequacy or precision of this release.
Get in touch with:
Adam Rabiner
Director, Investor Relations
604.343.4534
[email protected]
