American Security Resources Corp. (ARSC, Houston, TX), a company specializing in products or services for homeland security and national defense, announced that it has signed a letter of intent to acquire an interest in EGO Design Inc., a privately held company that holds patents for silicon-based, hydrogen fuel cells. With the acquisition, ARSC will gain the exclusive right to license and market the technology.
ARSC President Joe Grace stated, "This proprietary technology will be the first commercially mass-producible hydrogen fuel cell. We are eager to begin developing the markets for the many commercial and military applications for this breakthrough technology."
