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EXHIBIT 99.1
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Hydrogen Engine Center Announces Agreement with ITM Power Plc
For Immediate Release - November 13, 2006 - Algona, IA - Hydrogen
Engine Center,
Inc., (HEC) announces
today that they have signed a Memorandum of Understanding
("MoU" or/and the "Agreement") with ITM Power Plc (ITM) one of
the UK's leading
innovators within the alternative energy sources industry.
HEC is a US
company
that designs,
manufactures and distributes alternative fuel internal
combustion
engines for the
industrial and power
generation
market. The parties plan to
jointly develop
products for a non
polluting,
grid-independent
energy system
which can undergo early field trial testing.
The purpose of the MoU is to provide a platform from which the two
organizations
can develop their
respective
technologies resulting
in mutual benefits.
HEC
anticipates that ITM
can offer an assured
supply of hydrogen
using ITM's low
cost electrolyzer
technology.
ITM anticipates
that HEC will provide
an early
route to the provision
of a complete system
package using HEC's
proven engine
technology.
The combination of a hydrogen fueled internal combustion engine and a low cost
electrolyzer could
provide the essential technology to convert low-value,
intermittent,
renewable energy (wind, solar) into a reliable, non-fossil
energy
supply. Subject to the production of satisfactory results from the
field trials,
HEC and ITM will
progress into
detailed discussions with the intention of
entering a more formal commercial arrangement.
In making the announcement Ted Hollinger, President, HEC, stated, "Both ITM
and
HEC have been developing technologies over the past few
years and are now ready
to bring them to market. By combining HEC's hydrogen engines with ITM's new
low-cost electrolyzer,
customers will have
access to turn-key
hydrogen-fueled
systems."
Jim Heathcote,
CEO, ITM Power Plc,
said: "We are
delighted to be working w
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