ALGONA, Iowa, Feb. 9, 2007 (PRIME NEWSWIRE) -- Hydrogen Engine Center, Inc. (HEC) (OTCBB:HYEG) announced today that the company's founder and CEO, Ted Hollinger, will be presenting at the Wall Street Renewable Energy Analysts' Forum to be held at The Princeton Club in New York City on Tuesday, February 13, 2007 at 1:20 p.m. Investors and Shareholders unable to attend Hollinger's in-person presentation will be able to view it live as a web cast by logging on to http://www.wsw.com/webcast/wsaf/hyeg.ob. Mr. Hollinger will be discussing the company's proven hydrogen engine/power generating solutions, and he will be reviewing with the analysts the company's technology, current market-based projects and strategy for growth.
Hydrogen Engine Center has delivered its Oxx Power(tm) gensets to an array of customers, including Xcel Energy in Colorado and to a demonstration site for Natural Resources Canada. These gensets are running as part of "wind-to-hydrogen" projects, demonstrating how wind power can be harnessed to create hydrogen fuel, converting previously stranded power into a reliable and sustainable mainstream power source. The company has also shipped alternative-fueled engines to power urban busses. Hollinger will discuss the company's technology, market-based proof points and its strategy for product leadership and sustainable growth.
Mr. Hollinger stated, "The ability to store energy from renewable sources such as wind and solar has been the barrier to the rapid, large-scale deployment of these much needed energy resources. Our hydrogen engines and gensets can be fueled by hydrogen that has been manufactured through electrolysis during favorable wind and sun conditions and used on either a continuous basis or for power generation during unfavorable wind and sun conditions."
Mr. Hollinger further stated, "HEC has put in place the development, engineering and manufacturing infrastructure necessary to deliver its non-polluting power solutions now. Our company is committed to be a positive contributor to a future where reliable, pollution free, sustainable energy is economically viable."
Upon the strength of its advanced technology, and its market-based proof points, HEC is ready to expand its manufacturing and sales. Hollinger will review these highlights, and also discuss the emerging use of ammonia as another reliable, strategic source of hydrogen to fuel the 21st century economy.
Hydrogen Engine Center, Inc. (HEC) designs, manufactures and distributes alternative-fueled internal combustion engines and power generation equipment for distributed power, agricultural, industrial, airport ground support, vehicular, business and home applications. All HEC engines and power generation equipment are capable of running on a multitude of fuels, including but not limited to, hydrogen, gasoline, propane, natural gas and ethanol. Development of an ammonia-fueled engine is underway. HEC trades on the Bulletin Board under the symbol "HYEG.OB." Principal offices are located at 2502 E Poplar St., Algona, Iowa 50511. Visit www.hydrogenenginecenter.com or in the U.S. dial 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.