Modern Technology Corp Announces New Gen-H Hydrogen Injector for Commercial Fleets and Rolls Out 2009 Business Plan
20 Januar 2009 - 7:35PM
Marketwired
Modern Technology Corporation (PINKSHEETS: MODC) announced today
its new Gen-H On-Demand Hydrogen Generator for Commercial Fleet
Trucks. This newly designed system will be available for fleet
orders March 1, 2009.
The Gen-H system delivers increased fuel economy between 10% and
50% and significantly reduces or eliminates truck exhaust
emissions. The on-demand hydrogen system ensures reliable fuel
creation without the hazard of hydrogen storage. The Gen-H system
creates fuel from water and delivers pure hydrogen and oxygen
directly to the vehicle's engine.
The fuel savings realized by the fleet rapidly pays for the
system. The reduced or eliminated emissions levels ensure
continuing regulatory compliance.
New applications for the Gen-H water-as-fuel and hydrogen-based
fuel systems are under constant development and will be announced
accordingly.
As part of MODC's roll-out plan for 2009, announcements will be
soon made regarding:
-- Pro forma profitable revenues for the period ending September 30, 2008
were $24,050,155. Year-End 2008 revenues will be soon released.
-- Revenue projections for 2009 will be announced.
-- International distribution agreements for the Gen-H Hydrogen Injector
System will be announced.
-- Additional portfolio acquisitions are under review. Should these
acquisitions occur, revenues will be increased another $5-$15 million
dollars.
-- The company will announce significant advances in its cancer detection
technology.
-- Details on new distribution, management services and new energy-
related initiatives will be released.
About Modern Technology Corp
MODC acquires promising technology companies and related assets
to promote their growth and development. The company provides
interim management and related services to its portfolio and client
companies. It builds revenues and asset value through a model of
continuous growth and derives further income from appreciation of
its portfolio and licensing or revenue sharing agreements. Web:
http://www.moderntechnologycorp.com.
Safe-Harbor
This press release contains statements (such as projections
regarding future performance) that are forward-looking as defined
in the Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from those projected as a result of
certain risks and uncertainties. The company's web site and prior
SEC filings contain various disclosures and RISK FACTORS
(incorporated herein by reference) and should be read before any
investment decision.
Contact: Investor Relations 1.954.727.5468
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