The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Modern Technology Corp Acquires Hydrogen Fuel Injection Maker Generation H


PHOTO (select to view enlarged photo)

OXFORD, Mass., October 14, 2008: Modern Technology Corporation (Pink Sheets: MODC) announced today it acquired majority control in Generation H (GH) and has added it to the Company's growing portfolio of promising companies.

MODC and GH have agreed to combine operations to better build GH's core business. As part of the agreement, MODC will control 100% of GH and may, should market conditions warrant, later spin-out GH as a stand-alone public company with MODC retaining both equity ownership and revenue sharing and licensing agreements. MODC will retain ownership of all patent. The spin-off transaction is not contemplated until 18 months from today. Until such time, MODC will consolidate GH's operations and revenues and work closely with GH to secure funding and promote product development and sales. MODC sell the hydrogen fuel injection systems through its electronics sales networks both within the USA and Asia.

The Gen-H Hydrogen Injection system delivers increased fuel economy between 10% and 50%, based on the vehicle and driving conditions. The on-demand hydrogen injection system insures reliable fuel creation without the hazard of hydrogen storage. The Gen-H system creates fuel from water and delivers pure hydrogen and oxygen directly to the vehicle's engine. The Gen-H system can be retrofitted to any year or make of vehicle, including large commercial trucks.

GH's systems and technology represent the cutting edge in hydrogen fuel generation. GH's newly designed GenH Turbine Hydrogen Generator will be the first mass-marketed system driven from captured exhaust heat and serve as a supplemental fuel source for passenger and commercial vehicles.

The Company will soon announce information regarding its domestic and international patent processes pertaining to this technology.

The Company will soon publish projections for Generation H's products and disclosure Risk Factors associated with its sector. The Company recently published periodic disclosures pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 at MODERN TECHNOLOGY.