HOUSTON, TX / ACCESSWIRE / April 23, 2014 / Hydrogen Future Corporation (OTCQB: HFCO) is pleased to announce that it has provided the first tranche of production start-up funds to its newly acquired subsidiary, Hydra Fuel Cell Corporation ("Hydra").
HFCO closed the acquisition of Hydra on Monday of this week and provided Hydra's first funding yesterday.
Among other items, Hydra will use the start-up funds to prepare its 1kilowatt unit for production and for further development of the HydraStax(R) 5000 5kilowatt fuel cell.
About Hydra Fuel Cell Corporation
Hydra has developed advanced hydrogen fuel cell technology which it initially intends to market as grid replacement for electric generation for residences and small commercial enterprises.
Safe Harbor Statement
The statements in this release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Frank Neukomm or Bob Farr
SOURCE: Hydrogen Future Corporation