OXFORD, Mass., May 21, 2009 (GLOBE NEWSWIRE) -- Modern Technology Corporation (Pink Sheets:MODC) announced today its Gen-H series of Hydrogen Generators and Emission Control Systems are prepared to meet the new fuel efficiency standards and emission control regulations. New standards announced by President Obama are welcomed by the Company and it stands ready to provide flexible solutions to both improve fuel efficiency and significantly reduce or eliminate tailpipe emissions.
The Company believes it is ideally positioned to exploit this burgeoning market.
The newest Gen-H system is the EC-1 Emission Control System. It has been specifically designed to reduce or eliminate vehicle emissions for both gasoline and diesel powered engines. The EC-1 creates hydrogen fuel on-demand causing a more complete and cleaner burn inside the engine. The only emission of Gen-H Hydrogen Generators is water vapor.
The EC-1 System has been tailored for emissions reduction application and requires less supplementary computer control systems and installation than the larger Gen-H Fuel systems. It will therefore be less expensive, easier to install, and more widely available to a broader class of consumer.
The larger Gen-H Hydrogen Generator systems deliver increased fuel economy between 10% and 50% and significantly reduces or eliminates exhaust emissions. The on-demand hydrogen system ensures 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 and shipping facilities will be announced
-- 2nd quarter 2009 Revenue guidance and subsequent filing of
financials with OTC Disclosure Service
-- 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. Contact: