OXFORD, Miss., May 11, 2009 (GLOBE NEWSWIRE) -- Modern Technology Corporation (Pink Sheets:MODC) announced today its Gen-H On-Demand Hydrogen Generator for Emissions Control. This newly designed system will be available for orders 15 June 2009.
The Gen-H EC-1 System has been specifically designed to reduce or eliminate vehicle emissions for both gasoline and diesel powered engines. The system assists vehicle and fleet owners to meet ever-rising environmental emissions regulations. This is particularly the case with older vehicle and trucks. The Company's new EC-1 System has been carefully tailored for this application and requires less supplementary computer control systems and installation than the larger Gen-H Fuel systems. The EC-1 system's price point will be announced before the scheduled shipping date and is expected to be half the cost of the company's larger fuel saving systems.
The complete Gen-H fuel system delivers increased fuel economy between 10% and 50% and significantly reduces or eliminates exhaust emissions. The on-demand hydrogen system insures reliable fuel creation without the hazard of hydrogen storage. The Gen-H system creates fuel from water and delivers pure hydrogen and oxygen directly to the vehicle's engine.
New applications for the Gen-H water-as-fuel and hydrogen based fuel systems are under constant development and will be announced accordingly.
The company will soon release news on:
-- New product manufacturing plans will be announced
-- 2009 revenue projections will be announced
-- Anticipated additional portfolio acquisitions adding revenues of
$5-$15 million dollars
-- Sales and Distribution agreements for cancer detection system
design incorporating significant technology advances with
marketing initiatives to pathologists based on revenue sharing
models for cancer detection scans
About Modern Technology Corp.
MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further income from appreciation of its portfolio and licensing or revenue-sharing agreements. Web: http://www.moderntechnologycorp.com.
Safe-Harbor
This press release contains statements (such as projections regarding future performance) that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website and prior SEC filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.