VANCOUVER, Wash., April 21, 2004 (PRIMEZONE) -- Hydro Environmental Resources, Inc. (OTCBB:HYVRE) agreed to the terms of its contract with Terra Nova Nurseries to install its Electrical Chemical Hydrogen Fuel Reactor (ECHFR). The contract outlines the specific terms of the sale as well as the monthly maintenance costs for Terra Nova. The unit installed will supplement both the existing hydronic root heating system, as well as providing hydrogen to be consumed through its converted natural gas burning commercial heating units within the greenhouse.
"We are very pleased to formally announce this opportunity for both companies. We could not have found a better fit for our first agricultural based application sale," says interim CEO Mark Shmulevsky. "Terra Nova Nurseries has been the ideal company to work with to prove this as a viable and marketable application. This installation allows us to utilize all three aspects of our reactor. The first is our heat recovery process. The unit will recapture the BTU or heat energy generated during the chemical reaction and channel it to provide heated water to the green house hydronic root heating system. The second allows us to provide Hydrogen gas to the converted natural gas burning commercial heating units. The third allows us to collect the re-sellable byproduct produced during the running of the ECHFR. This installation is specific to one of Terra Nova's many greenhouses. Once the reactor is operational, an engineering audit will be conducted to convert several more greenhouses at Terra Nova from natural gas to hydrogen heating systems. We are very confident that the goal of this project to reduce the overall costs and dependence on natural gas will be met. The success of this project truly helps lay the foundation for further opportunities in the worldwide agricultural sector. We look forward to building on this success!"
About Terra Nova Nurseries
Terra Nova Nurseries is a privately owned company founded in 1991. It is an innovative plant production company developing, introducing and producing new, hardy perennials for the international marketplace. Terra Nova has created a niche of premium perennials, the majority unavailable at any other nursery in the world. Their marketing is primarily done through mail order nurseries, garden centers, specialty nurseries, and premium plant wholesalers. www.terranovanurseries.com.
About Hydro Environmental Resources
Hydro Environmental Resources, Inc. holds the rights to the Electrical Chemical Hydrogen Fuel Reactor (ECHFR), which is one of the first hydrogen reactors that eliminates the need for an outside energy source to produce a pure commercial-grade of hydrogen at low pressure. This proprietary process delivers a highly mobile, more cost-effective and physically safe production of hydrogen than alternative methods, which require outside energy sources such as electricity, solar power and fossil fuels. The Company (HERI) was founded in 1998 with the primary goal of exploring avenues to improve the global environment through the development of safe and efficient methods of alternate energy production. The HERI team is focused on the production of alternate energy in the form of hydrogen gas, heat recovery, clean and potable water, through its breakthrough technologies. Today the ECHFR can provide environmentally safe and cost-effective hydrogen and heat energy to meet the needs of the enormous alternative energy industry.
Safe Harbor : This press release may include statements which are considered "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from Hydro Environmental Resources. These factors include, but are not limited to, the following: the cost and timing of development and market acceptance of Hydro Environmental Resources hydrogen generation systems competitive factors, such as price competition and new product introductions, other factors detailed from time to time in Hydro Environmental Resources, Inc. filings with the Securities & Exchange Commission.