Greentech Lead America: Global Resource Energy, a
development stage company engaged in the clean technology development sector,
has signed a commercial assignment agreement with Atrius Holdings to acquire
patents and related interests in an alternative energy technology identified as
the MyCroft Hydrogen R-LEG Fuel Cell.
The MyCroft technology is an innovative Recirculating
Loop Electric Generator (R-LEG) which uses hydrogen as a catalyst but not as a
fuel source. The technology shows considerable promise as a fuel cell power
source utilizing mechanical action as opposed to chemical reaction to create
electricity.
The company anticipates that this technology will help
increase the adoption of hydrogen-based solutions as a clean, sustainable and
environmentally safe alternative to many traditional power sources.
Global Resource Energy has plans to further the
development of this innovative technology with the eventual target to fully
realize the economic scope of the MyCroft Technology with proof-of-concept
studies through to advanced stage application development aimed at validating a
vast number of potential commercial applications.