Private Energy Systems, Inc. to Purchase Controlling Interest in Hydrogen Engine Center, Inc.
06 6월 2011 - 9:00PM
Business Wire
Hydrogen Engine Center, Inc. (Pink Sheets: HYEG) announced today
further information regarding its corporate finance plans.
Ted Hollinger has agreed to sell 15 million shares of his HEC
stock to PES, a leading renewable energy developer based in St.
Paul, Minnesota. Ted has been looking for a synergistic company
that could fulfill his dreams for HEC. He said that he would like
to return in 15 years and see the company he had always hoped for.
PES is headed by a capable President/CEO who has surrounded himself
with an experienced and professional staff. They bring the sales,
marketing, system engineering, project management and project
finance experience that compliment HEC very nicely. David Ault, PES
President/CEO and Ted agree that the new Megawatt Electrical Power
Generator Systems have a great future. HEC intends to immediately
expand production to 2MW per month with the intent of reaching 20MW
per month. The current facility is capable of supporting this level
of production.
The company intends to add more engineering and production
staffing to handle growing demand. Mr. Ault plans to expand the
product offering with a configurable and deployable megawatt class
of power generation unit with on-board fuel tanking capable of
250kW units to 1MW of power. These new units will be able to run on
multiple fuels with popular options available in a fully deployable
and transportable container configuration. Mr. Ault believes this
will be an important part of new company new sales
opportunities.
David Ault, President and CEO of Private Energy Systems, Inc.
said his firm has extensive sales experience and project management
in technology and renewable energy sectors. “Our business history
spans over 21 years in successful businesses and offers the ability
to drive HEC to its full potential. Large energy projects and
financing structure will prove to be another asset as HEC obtains
larger project opportunities” Mr. Ault articulated.
The securities being offered will not be registered under the
Securities Act of 1933 or any state securities laws, and unless so
registered, may not be offered or sold in the United States except
pursuant to an exemption from the registration requirements of the
Securities Act of 1933 and applicable state laws. This announcement
is neither an offer to sell nor a solicitation of an offer to buy
any of these securities and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
About Hydrogen Engine Center, Inc.
Hydrogen Engine Center, Inc. designs and manufactures generation
markets. The engines run efficiently, with minor adjustments, on
hydrogen, ethanol, propane, natural gas or methanol. HEC trades on
the Bulletin Board under the symbol “HYEG.PK.” Its principal
offices are located at 2502 East Poplar Street, Algona, IA 50511
Visit or call Ted Hollinger at 515-295-3178 for more
information.
This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, acceptance of the
Company's products, increased levels of competition for the
Company, new products and technological changes, the Company's
dependence on third-party suppliers, and other risks detailed from
time to time in the Company's periodic reports filed with the
Securities and Exchange Commission.
Hydrogen Engine Center (PK) (USOTC:HYEG)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Hydrogen Engine Center (PK) (USOTC:HYEG)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
