LAS VEGAS and EDMONTON, Alberta, Oct. 25, 2005 (PRIMEZONE) -- Fairchild International Corp. (OTCBB:FCHL), www.fairchildinternational.com announced negotiations to acquire a world-wide license to proprietary technology for the production of low-cost 99.9% pure Hydrogen. The technology will work in conjunction with the Company's gasification technologies to create hydrogen energy from bio-waste, low grade coal, wood waste and municipal and industrial garbage/waste products. The inventor of the technology is considered a leading expert in gasification and hydrogen energy technology.
As oil and natural gas deplete, Hydrogen is expected to become a leading source of power for cars, houses, fuel cells, and industrial plants in the future. President Bush and Governor Arnold Schwarzenegger of California have recently announced hydrogen initiatives.
Once acquired, the technology will offer a hydrogen substitute to industrials that are currently powered by high priced natural gas. It will maintain Syngas's net zero airborne emissions and will qualify for green house gas credits as well as Kyoto protocol credits. Fairchild's wholly owned subsidiary Syngas Energy, will acquire the licenses.
"The technology builds on our core gasification technologies giving us a solid base in midsize Hydrogen production. The field is wide open for Hydrogen applications to industry, and our approach is relatively unique. The same customers who buy M2's for synthetic gas would also be interested in hydrogen, so hydrogen based M2 is a natural addition to our product offering," commented Wilf Ouellette, President of Syngas. Robert Klein, President of Fairchild added, "The acquisition could make us a major player in the hydrogen power industry."
About Fairchild International Corp: www.fairchildinternational.com
Fairchild International Corp. (OTCBB:FCHL), through its subsidiary Syngas Energy Corp. is an emerging leader in the development and marketing of low cost alternate fuels worldwide. We believe our superior technology, coupled with an aggressive marketing plan will catapult our company into a GREEN POWERHOUSE. With fuel prices at record high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is vital. As global tendencies move towards clean renewable energy, we foresee our company poised to benefit from several revenue streams, our host nations poised to benefit from independence from foreign energy sources and our clients poised to benefit from reliable, clean low cost energy.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant, "indicated," "feel," "foresee," "revolutionary," "should," "ideal," "extremely," and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Fairchild's filings with the Securities and Exchange Commission, including, without limitation, Fairchild's recent Form 10-KSB and Form 10-QSB, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.