Amazonica Corp. (OTCQB: AMZZ) ("Amazonica" or the "Company"), is pleased to announce that it has completed the filing of a second patent for its ultra-pure hydrogen production technology. The patent was based on ongoing research and development work from the Company's team of scientists, led by Dr. Gennadiy Petrovich Glazunov, a world renowned scientist at the Institute of Plasma Physics of the National Science Center of the National Academy of Science, located within the Kharkov Institute of Physics and Technology.
The new patent relates to an improved apparatus and method for generating ultra-pure gaseous hydrogen using a substantially cylindrical diffusion-catalytic membrane. The primary object of the present invention is to provide an ultra-pure hydrogen generating device that is reliable, maintainable, and economical to operate and one which yields enhanced productivity using a diffusion-catalytic membrane without a screen.
"I am very pleased with the progress that project manager, Dr. Glazunov has made to date and the filing of this patent is another step towards our goal of producing 99.999% hydrogen in a cost effective manner," said Michael Soursos, CEO of Amazonica Corp. "This patent not only enhances our technology but could also be a standalone technology that the Company could market or license."
Full details on the patent filing can be found in the Company's 8-K, filed online with the Securities and Exchange Commission at: http://www.sec.gov/Archives/edgar/data/1518548/000147793214001532/0001477932-14-001532-index.htm
Hydrogen is the simplest, most prolific, and lightest element in the universe. Hydrogen is not normally available in a gaseous state in our environment, since it readily combines with oxygen to form water, or with carbon to form fossil fuels such as crude oil, natural gas, or coal. Hydrogen has a number of uses, including in the manufacture of ammonia, but it is its potential as a fuel that is attracting significant interest and investment. It has been possible to construct or convert internal combustion engines to run on hydrogen for some time, but safety and storage concerns prevented any wide scale use. Recent advances in technology, particularly in fuel cells, allied to the environmental concerns from burning fossil fuels, have caused a re-evaluation of hydrogen as a power source.
The most common methods of producing hydrogen at the moment are by stripping the carbon atoms out of compressed natural gas using steam (known as "cracking") or the electrolysis of water. Both these processes are expensive, energy intensive and in the case of cracking, produces waste carbon. Commercial production of clean, cheap hydrogen is therefore a key requirement for large scale fuel cell usage.
About Amazonica Corp.
Amazonica Corp. (dba Euro American Hydrogen) is a technology development company that is quoted on the Over-the-Counter Bulletin Board (OTCBB) where the Company's ticker symbol is AMZZ. Amazonica Corp. (dba Euro American Hydrogen) is developing a breakthrough, low cost technology to make 99.999% pure hydrogen.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements." Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the Company's ability to develop its low cost ultra-pure hydrogen production technology. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with developing new products and operating as a development stage company, our ability to raise the additional funding we will need to continue to pursue our business and product development plans, competition in the industry in which we operate and market conditions. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents we file with the SEC, available at www.sec.gov.
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