Amazonica Corp. Signs Memorandum of Understanding for Intellectual Property (IP) Between Company & Research Project Manager G...
November 14 2013 - 9:00AM
Marketwired
Amazonica Corp. Signs Memorandum of Understanding for Intellectual
Property (IP) Between Company and Research Project Manager G.
Glazunov
LAS VEGAS, NV--(Marketwired - Nov 14, 2013) - Amazonica Corp.
(OTCQB: AMZZ) ("Amazonica" or the "Company") is pleased to announce
that it has signed a memorandum of understanding for intellectual
property between itself and Research Project Manager G
Glazunov.
Dr. Glazunov is a research scientist at the Ukraine National
Science Center. Dr. Glazunov has a Ph.D in solid states physics
with his primary field of work in plasma materials and the design
and construction of devices for hydrogen permeation, he is the
author or co-author of more than 200 scientific works.
"I am very excited to be able to announce that we have reached
this understanding," said Michael Soursos, CEO of Amazonica Corp.
"Dr. Gennadiy Petrovich Glazunov is a respected visionary
and well known scientist in the field of hydrogen research, and we
are now in a unique position to develop a world class technology
based on his ideas and experience."
About Hydrogen
Hydrogen is the simplest, most prolific, and lightest element in
the universe. Hydrogen is not normally available in a gaseous state
in our environment, since it readily combines with oxygen to form
water, or with carbon to form fossil fuels such as crude oil,
natural gas, or coal. Hydrogen has a number of uses, including in
the manufacture of ammonia, but it is its potential as a fuel that
is attracting significant interest and investment. It has been
possible to construct or convert internal combustion engines to run
on hydrogen for some time, but safety and storage concerns
prevented any wide scale use. Recent advances in technology,
particularly in fuel cells, allied to the environmental concerns
from burning fossil fuels, have caused a re-evaluation of hydrogen
as a power source.
First discovered by German scientist Christian Friedrich
Schönbein in 1838, fuel cells are only now coming to widespread
attention, in a large part due to their potential to replace the
internal combustion engine in cars and commercial road vehicles.
Fuel cells chemically convert hydrogen to electricity to provide
power, emitting only water vapor as a waste product in the
process
All major car manufacturers have, or are planning hydrogen fuel
cell powered vehicles, and there are already hundreds of hydrogen
fuel cell powered buses on the streets of the world's major cities.
Fuel cell powered vehicles are more energy efficient than internal
combustion powered vehicles, can be refueled in a matter of minutes
and can travel for hundreds of miles between refueling. In addition
to road vehicles, hydrogen fuel cells are also being investigated
for their potential in airplanes, submarines and boats, smartphones
and other electronics, food preservation and emergency power
systems.
The most common methods of producing hydrogen at the moment are
by stripping the carbon atoms out of compressed natural gas using
steam (known as "cracking") or the electrolysis of water. Both
these processes are expensive, energy intensive and in the case of
cracking, produces waste carbon. Commercial production of clean,
cheap hydrogen is therefore a key requirement for large scale fuel
cell usage.
About Amazonica Corp.
Amazonica Corp. (dba Euro-American Hydrogen Corp.) is a
technology development company that is quoted on the
Over-the-Counter Bulletin Board (OTCBB) where the Company's ticker
symbol is AMZZ. Amazonica Corp. (dba EuroAmerican Hydrogen Corp.)
is developing a breakthrough, low cost technology to make 99.999%
pure hydrogen.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements."
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
Company's ability to develop its low cost ultra pure hydrogen
production technology. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with developing new products and operating
as a development stage company, our ability to raise the additional
funding we will need to continue to pursue our business and product
development plans, competition in the industry in which we operate
and market conditions. These forward-looking statements are made as
of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States. Although we
believe that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that any such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk
factors disclosure outlined in the reports and other documents we
file with the SEC, available at www.sec.gov.
Contact: Amazonica Corp. For further information call (855)
818-0066 Email: ir@kingstonir.net
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