SAN FRANCISCO, Oct. 3,
2011 /PRNewswire/ -- GreenChek Technology, Inc. (PINK SHEETS:GCHK)
is pleased to provide its investors and general public, a corporate
update for 2011.
For the year 2011, the Company has been focused on new product
development, quality assurance and customer retention. The Company
plans to meet and exceed manufacturing quality standards set forth
by the industry and also our internal company standards. Our major
goal is to develop new technology within our product research
pipeline.
The Company has achieved excellent exposure by participating in
pilot programs and third-party emission reduction testing in
France. The results of our
third party evaluated, emission reduction were a great success for
the Company. The ERD exceeded our criteria for emission reduction
of 8%. The ERD did not meet our internal company manufacturing
quality assurance standards for some new components, given that our
ERD product operates in extreme environments. Therefore, we are
continuing ERD research and development to solve these component
problems, before entering full commercialization. The Company
retains its current client base and will work towards full
commercialization of the ERD 3.0 platform.
The Company currently is developing new green energy technology
in our product pipeline. We plan to announce the details of our new
products in the next 30 days.
"We are pleased with the performance of the ERD and the progress
of our research and development. We continue to build GreenChek and
we are thankful to our investors for their support," stated
Mr. L. Parke, the President of GreenChek.
About GreenChek
GreenChek Technology, Inc. is traded under the symbol GCHK on the
PINK SHEETS. GreenChek is a research and development company that
develops, manufactures and distributes hydrogen injection
technology that is primarily focused on mobile transportation
applications, as well as stationary power generation applications.
GreenChek manufactures an emission reducing device simply known as
the ERD™, which can be retrofitted to any vehicle regardless of
fuel source. GreenChek provides innovative world-class mobile
Greenhouse Gas (GHG) emissions reduction technology, while greatly
enhancing fuel economy for the mobile transportation industry.
GreenChek's Onboard Hydrogen Generation and Injection (OHGI)
technology is positioned to occupy the pre-eminent position in the
emerging market for emissions reduction technology and fuel economy
enhancement. Please visit our website: www.greenchektech.com.
Safe Harbor Statement
Statements in this press release regarding GreenChek's products,
services, capabilities, performance, opportunities, development and
business outlook that are forward-looking involve and are subject
to known and unknown risks, uncertainties and other factors, some
of which are beyond GreenChek's control and difficult to predict,
and could cause actual results to differ materially from those
anticipated, expressed or forecasted in the forward-looking
statements. Forward-looking statements may be identified by the use
of the words "anticipates," "expects," "intends," "plans,"
"should," "could," "would," "may," "will," "believes," "estimates,"
"potential" or "continue" and variations or similar expressions.
These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. Such risks
and uncertainties may include, but are not limited to: lack of
operating history, difficulties in distinguishing GreenChek's
products and services, ability to manufacture and deploy
GreenChek's products, lack of or delay in market acceptance and
fluctuations in customer demand, dependence on a limited number of
significant customers, reliance on third party vendors and
strategic partners, availability of raw materials, subassemblies
and components, ability to meet future capital requirements on
acceptable terms, continuing uncertainty in the emissions reduction
industry and the global economy, compliance with federal and state
regulatory requirements, timing, availability and success of new
technology and product introductions and the other factors
discussed in GreenChek's filings with the Securities and Exchange
Commission.
For Further Information Contact:
GreenChek Technology, Inc.
(315) 710 1277
inquiries@greenchektech.com
www.greenchektech.com
SOURCE GreenChek Technology, Inc.