The positive news keeps coming for Western Australian-based clean energy company Eden Energy Ltd, with wholly owned United States subsidiary, Hythane Company LLC, winning a major US technology industry award.
The positive news keeps coming for Western Australian-based clean energy company Eden Energy Ltd, with wholly owned United States subsidiary, Hythane Company LLC, winning a major US technology industry award.
This comes only days after Eden listed on the Australian Stock Exchange after a successful capital raising of $8.4 million.
Eden was awarded the 2006 CSIA Apex award for Best Use of Technology for a Global Impact, one of the largest annual technology award events in the US.
The company was recognised for its efforts to reduce air pollution through the development of Hythane®, a patented fuel blend of natural gas and hydrogen which can reduce vehicle emissions by half, over conventional gas.
Funds from Eden's capital raising will be used to further develop its suite of assets including hydrogen fuel and cryogenic technologies, coal seam methane interests in the UK, and petroleum and geothermal exploration interests in South Australia.
Eden chairman Greg Solomon said that the CSIA Apex award was a testimonial to Hythane Company's dedication to bridging the gap between the fossil-fuelled present and the hydrogen future.
"Hythane fuel is gradually introducing hydrogen into energy consumption which will lead to further adoption globally of this clean-burning fuel," Mr Solomon said.
About The Hythane Company
Based in Denver, Hythane Company, LLC, bridges the gap between fossil fuels and the Hydrogen Economy with its patented blended hydrogen fuel stimulant.
The "Hythane System" incorporates a selection of engineered components that are arranged in a system that is guaranteed to meet specific emissions standards. The system includes: tuned engines, blending and distribution equipment and fuel storage.
The company has operated as the technical division and is a wholly owned subsidiary of the Ireland-based Brehon Energy, which in turn is also wholly owned by Australian listed Eden Energy Ltd.
Driven by trends in global infrastructure and environmental development, Brehon Energy plc is now productizing its systems for the worldwide alternative energy market.
With operations being established in the USA, Australia, Europe, China and India, Brehon provides the infrastructure for the emerging Hydrogen energy market.
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EDEN WINS MAJOR U.S. TECHNOLOGY AWARD DAY AFTER LISTING ON ASX
One of the most senior awards bestowed in the giant US technology market has been won by an Australian company which only on Tuesday this week listed on the ASX after a successful capital raising for its hydrogen-based fuel and alternative energy initiatives.
Eden Energy Ltd (ASX code "EDE") announced today its wholly owned US subsidiary, Hythane Company llc, had won the 2006 CSIA Apex award for Best Use of Technology for a Global Impact.
The award, now in its sixth year and sponsored by Colorado's Technology Association, is one of the largest annual technology award events in the United States.
Denver-based event organisers bestowed the honour on Eden for its efforts to reduce air pollution through the development of Hythane®, a patented fuel blend of natural gas and hydrogen which can reduce vehicle emissions by half over conventional gas.
Eden joined the ASX this week after raising A$8.4 million to further develop its suite of assets including hydrogen fuel and cryogenic technologies, coal seam methane interests in the UK and petroleum and geothermal exploration interests in South Australia.
"The CSIA Apex award is a testimonial to Hythane Company's dedication to bridging the gap between the fossil-fuelled present and the hydrogen future," Eden's Chairman, Mr Greg Solomon, said today.
"Hythane fuel is gradually introducing hydrogen into energy consumption which will lead to further adoption globally of this clean-burning fuel," Mr Solomon said.
"In addition to cutting vehicular emissions, it is also economically viable without relying on government grants and subsidies."
Nominated companies for this year's award represented the leaders of Colorado's IT market, according to the Chairman of the CSIA 2006 Apex Awards and Clinical Professor, Daniels School at the University of Denver, Mr Paul Bauer.
"It is important to recognise the innovation and business success of new technologies as well as the people behind the successes," Mr Bauer said.
Hythane has already demonstrated its global impact, with Brehon being a signatory to Memoranda of Understanding aimed at converting thousands of buses in five Chinese cities to operate on Hythane to ease China's air pollution crisis. A similar MoU signed in the United States aims to create energy stations in the City of Barstow, California, that would supply hydrogen, natural gas and Hythane. Barstow is also looking to convert its municipal fleets to Hythane to meet strict emission standards.
About The Hythane Company, LLC
Based in Denver, Hythane Company, LLC, bridges the gap between fossil fuels and the Hydrogen Economy with its patented blended hydrogen fuel stimulant.
The "Hythane System" incorporates a selection of engineered components that are arranged in a system that is guaranteed to meet specific emissions standards. The system includes: tuned engines, blending and distribution equipment and fuel storage.
The company has operated as the technical division and is a wholly owned subsidiary of the Ireland-based Brehon Energy, which in turn is also wholly owned by Australian listed Eden Energy Ltd.
Driven by trends in global infrastructure and environmental development, Brehon Energy plc is now productizing its systems for the worldwide alternative energy market.
With operations being established in the USA, Australia, Europe, China and India, Brehon provides the infrastructure for the emerging Hydrogen energy market.
Additional information about Hythane® is available at www.hythane.com.
