Hydrogen Technologies Introduces the New Generation 2.0 cleanH2steam DCC™ Boiler
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NEWTOWN, PA and VANCOUVER, British Columbia, May 26, 2021 (GLOBE NEWSWIRE) – Jericho Energy Ventures (TSXV: JEV; Frankfurt: JLM0; OTC: JROOF) (“Jericho” or “JEV” or the “Company”) is pleased to announce that its wholly owned subsidiary Hydrogen Technologies Inc (HTI) has introduced the latest generation 2.0 design cleanH2steam DCC ™ Boiler 3000 Series.
Since Jericho’s acquisition of HTI in February 2021, HTI’s development team, along with its UK manufacturing partner UnitBirwelco, have refined and enhanced the previous Generation 1.0 design to meet and exceed customer expectations in the steam boiler market. HTI’s Generation 2.0 DCC ™ boiler features an improved and optimized fuel delivery system with high-precision mass flow meters, advanced process monitoring and remote management options. The engineering team also improved the ignitor’s design and ensured optimal combustion, resulting in higher thermal efficiencies. The technical design was also accompanied by an active sourcing strategy that resulted in changes in metallurgy taking into account the current high cost and long lead time of stainless steel in global supply chains. Providing an affordable cleanH2steam DCC ™ boiler is one of HTI’s top priorities. Brian Williamson, CEO of JEV, stated, “We are proud to introduce our new Generation 2.0 of our groundbreaking cleanH2steam DCC ™ boiler solution. We are grateful for the teamwork and continuous collaboration with UnitBirwelco and look forward to helping reduce global emissions by marketing our zero-emission boiler for the commercial and industrial steam market. I would also like to thank HTI President Janet Reiser, along with HTI Founder and Chief Technology Officer Ed Stockton, for taking responsibility for improving this world-class technology. ” About Jericho Energy VenturesJericho Energy Ventures (www.jerichoenergyventures.com) (JEV) is focused on driving the low-carbon energy transition through investments in hydrogen technologies, energy storage, carbon capture and new energy systems. JEV’s wholly owned subsidiary, Hydrogen Technologies, supplies patented, zero-emission boiler technology to the $ 30 billion commercial and industrial heating and steam industries. JEV also owns and operates oil and gas production facilities in the US central continent, primarily in Oklahoma. CONTACT: Adam Rabiner, Director of IRJericho Energy [email protected] This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may include statements that are “forward-looking statements” within the meaning of the safe harbor of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or the current state, but only represent Jericho’s beliefs about future events. Plans or goals, many of which are inherently insecure and beyond Jericho’s control. In general, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans,” “expected,” “not expected,” “expected,” “budget,” “planned,” “estimates,” “projected” , “intends”, “anticipates” or “anticipates” or “believes” or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “is assumed,” “continues,” “will occur,” or “will be achieved.” Although Jericho believes that the assumptions and factors used in preparing the forward-looking information and statements and the expectations contained therein are reasonable No undue reliance should be placed on, and no representation or warranty can be made, any forward-looking information or any A. Statements will prove to be correct, as actual results and future events may differ materially from those anticipated in these information and statements. Forward-looking information and statements are subject to a number of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information and statements, including, but not limited to: the effects of and risks In connection with the ongoing COVID-19 pandemic, the impact of the general economic climate, industry conditions and current and future commodity prices, including persistently low oil prices, significant and persistent volatility in the stock markets, currency and interest rates, government regulation of the oil and gas industry, including environmental regulations; geological, engineering and drilling problems; unexpected operational events; Competition for and / or inability to retain oil rigs and other services; the availability of capital on acceptable terms; the need to obtain the necessary approvals from regulators; Liabilities related to the exploration, development and production of oil and gas; and the other factors described in our public records available at www.sedar.com. Readers are cautioned that this list of risk factors should not be considered exhaustive. The forward-looking information and forward-looking statements contained in this press release are as of the date of this press release, and Jericho undertakes no obligation to update any forward-looking information and / or forward-looking statements contained or referenced herein except in accordance with applicable securities laws .
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Source: Jericho Energy Ventures