GreenChek Technology Inc. (OTC Pink: GCHK) (PINKSHEETS: GCHK), developer of the hydrogen generation and storage technologies, is pleased to provide an update for 2014.
The company's hydrogen generation and storage technology innovation continues to strengthen, as we establish new renewable energy systems within our product pipeline. The development of the GCX stationary hydrogen generation and storage module, which supports industrial scale renewable energy applications, has been a point of emphasis for our research and development efforts over the last year.
"While our stationary module is still in early development, we are pleased with the milestones achieved and believe it is necessary for us to broaden our product offerings," stated GreenChek President Lincoln Parke. We are utilizing the heart of our scalable ERD hydrogen generation and injection technology to build our stationary GCX system. Our developmental stationary product is geared toward large scale hydrogen gas generation and storage, with a view to directly providing renewable energy.
In addition to the GCX development, we continue to advance research, development, field testing and commercialization of our flagship mobile ERD (Emission Reduction Device) module. Lab testing simulates extreme environmental conditions and influences on ERD modules to verify the performance and reliability during and after hot and cold, wet and dry environmental conditions, as well as extended road exposure. The mobile ERD has already received certification in the European Union.
GreenChek Technology, Inc. is traded under the symbol GCHK on the PINK OTC Markets. GreenChek is a developmental company that develops, manufactures and distributes hydrogen generation and storage technology. Our technology has both mobile transportation applications, as well as stationary power generation applications. GreenChek manufactures an emission reducing device simply known as the ERD™, which can be retrofitted to any internal combustion engine, regardless of fuel source. GreenChek provides innovative world-class mobile Greenhouse Gas (GHG) emissions reduction technology, while greatly enhancing fuel economy for the mobile transportation industry. Please visit our website: www.greenchektech.com.
Safe Harbor Statement
Statements in this press release regarding GreenChek's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GreenChek's control and difficult to predict, and could cause actual results to differ materially from those anticipated, expressed or forecasted in the forward-looking statements. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential" or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: lack of operating history, difficulties in distinguishing GreenChek's products and services, ability to manufacture and deploy GreenChek's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the emissions reduction industry and the global economy, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GreenChek's filings with the Securities and Exchange Commission.
For Further Information Contact:
GreenChek Technology, Inc.
(315) 710 1277
SOURCE: GreenChek Technology, Inc.