GreenChek Technology Inc. Provides 2010 Operational Update
06 Dezembro 2010 - 10:00AM
Marketwired
GreenChek Technology, Inc. (OTCBB: GCHK) is pleased to provide its
investors and general public a corporate update of the Company's
accomplishments for 2010.
For the year 2010, the Company had set itself four primary
goals: increase the global awareness of its flagship Emission
Reduction Device; focus on client development and customer
retention via joint research and development; meet and exceed
manufacturing quality and emission reduction standards set forth by
the industry; and build the team with experienced and valuable
members.
To elaborate on each of the Company's primary goals: The Company
has initiated a marketing campaign to raise awareness for the need
for emission reduction of vehicles from all over the world. The
Company has achieved good exposure by participating in pilot
programs via a third-party unbiased testing facility located in
France (see official news release via Marketwire, May 7, 2010).
Also, the Company has initiated contact with the California Air
Resources Board (CARB) (see official news release via Marketwire,
January 20, 2010) regarding verification criteria for the ERD - 2.0
machine. "Our efforts and work towards the pilot program in France
and to interact with the departments of the CARB program were great
opportunities for us. Not only did we gain knowledge of the
certification process and emission criteria for both the European
and American markets, we have in turn increased the awareness of
our product through the official channels of those respective
markets," says the Company's President Lincoln Parke.
The Company launched two new websites (see official news release
via Marketwire, November 2, 2010): 1) www.greenchekmachines.com, a
website containing general product and industry information for the
purpose of educating the general public and investors of the
Company's products; and 2) www.gchk.biz, a website stating investor
relations information geared for existing investors and prospective
investors and/or strategic corporate partners.
The Company has made it a key goal to increase its client base,
increase sales, and to establish good working relationships with
industry leaders. In 2010, GreenChek has worked closely with fleet
owners and their test facilities to enhance the ERD machine. The
testing was performed using ERD - 2.0 in the United Kingdom and
France. Upon the assessment of the ERD - 2.0 and making new
requirements based on those findings, the Company has released a
new platform of the ERD, ERD - 3.0 (see official news release via
Marketwire, May 6, 2010). The ERD - 3.0 is a stable platform, which
is deemed world-class. With ERD - 3.0, the Company was able to
progress on its marketing and sales, and was able to gain a new
client, and received a purchase order to manufacture two ERD - 3.0
devices for that client (see official news release via Marketwire,
May 20, 2010). "The Company has made great progress in the research
and development arena. With the collaboration of our existing
clients in the fleet industry, we have made ERD - 3.0. The ERD -
3.0 is the most robust platform we have built to date, and allows
the device to be retrofitted on a broader range of vehicles and on
different types and sizes of combustible engines," says Lincoln
Parke.
The Company has received testing results for ERD - 3.0 from its
field trials (see official news release via Marketwire, June 10,
2010). The results state that the ERD - 3.0 platform decreases the
production of emissions than without the unit installed, and also
saves those vehicles between 9.3% and 11.5% more fuel than without
the unit installed. "The test results that ERD 3.0 received were
excellent, and prove that the units we produce are robust enough to
meet the needs of heavy duty fleets, and are of professional grade
to produce consistent emission reduction and fuel savings," says
Lincoln Parke.
In closing, the Company is pleased about the 2010 achievements
made thus far. The Company has met and executed the goals set forth
by the President, and it currently continues to focus on these
goals throughout 2011.
About GreenChek GreenChek Technology Inc.
is traded under the symbol GCHK on the OTCBB exchange and is based
in San Francisco, California. GreenChek manufactures and
distributes hydrogen injection technology that is primarily focused
on mobile transportation applications, as well as stationary power
generation applications. GreenChek manufactures an emission
reducing device simply known as the ERD™, which can be retrofitted
to any vehicle regardless of fuel source. GreenChek provides
innovative world-class mobile Greenhouse Gas (GHG) emissions
reduction technology, while greatly enhancing fuel economy for the
mobile transportation industry. GreenChek's Onboard Hydrogen
Generation and Injection (OHGI) technology is positioned to occupy
the pre-eminent position in the emerging market for emissions
reduction technology and fuel economy enhancement. Please visit our
website: www.greenchektech.com.
Safe Harbor Statement Statements in this
press release regarding GreenChek's products, services,
capabilities, performance, opportunities, development and business
outlook that are forward-looking involve and are subject to known
and unknown risks, uncertainties and other factors, some of which
are beyond GreenChek's control and difficult to predict, and could
cause actual results to differ materially from those anticipated,
expressed or forecasted in the forward-looking statements. Such
risks and uncertainties may include, but are not limited to: lack
of operating history, transitioning from a development company to
an operating company, difficulties in distinguishing GreenChek's
products and services, ability to manufacture and deploy
GreenChek's products, lack of or delay in market acceptance and
fluctuations in customer demand, dependence on a limited number of
significant customers, reliance on third party vendors and
strategic partners, availability of raw materials, subassemblies
and components, ability to meet future capital requirements on
acceptable terms, continuing uncertainty in the emissions reduction
industry and the global economy, compliance with federal and state
regulatory requirements, timing, availability and success of new
technology and product introductions and the other factors
discussed in GreenChek's filings with the Securities and Exchange
Commission.
For Further Information Contact: Daniel Conway DC
Consulting, LLC (407) 792-3332 investorinfo@dcconsultingllc.com
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