Hydrogen Dynamics AG
HYDROGEN DYNAMICS SIGNS CONTRACT WITH EUROPEAN-BASED TEISZMANN TO DEVELOP THREE NEW PRODUCTS
Hydrogen Dynamics AG / Contract Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- HYDROGEN DYNAMICS SIGNS CONTRACT WITH EUROPEAN-BASED TEISZMANN TO DEVELOP THREE NEW PRODUCTS Zug, Switzerland, May 27, 2008: Hydrogen Dynamics(www.hydrogendynamics.ch), a world leader in the development of cutting edge hydrogen fuel technology, is pleased to announce it has finalized an agreement with Teiszmann Holding AG ('Teiszmann') of Switzerland ( www.teiszmann.com ) to develop, demonstrate, test and evaluate technology for hydrogen fuel cells for its two-wheeled and three-wheeled electric vehicles. This project will include the delopment of three vehicles currently under development by Teiszmann, including those now being tested by governments in Europe. 'By partnering with an advanced hydrogen fuel cell developer such as Hydrogen Dynamics, we have put ourselves at the forefront of the industry for environmentally-improved scooters, motorcycles and tricycles,' said Daniel Schneider, President and CEO of Teiszmann. Teiszmann AG has developed both a two-wheeled and three-wheeled electric vehicle for various European government agencies and is currently in the process of building a major manufacturing facility in Northern Europe. The first electric vehicle will be retrofitted with Hydrogen Dynamics fuel cell’s technology package starting immediately. About Teiszmann With both consumer and commercial two and three wheeled electric vehicles in development, Teiszmann is in the forefront of growth in the electric vehicle marketplace. Teiszmann’s performance-based motorcycles provide speed, range and reliability while producing zero pollution. About Hydrogen Dynamics Based in Switzerland, Hydrogen Dynamics develops and sells efficient hydrogen fuel cell solutions for small city electric vehicles ranging from wheelchairs to tricycles and scooters and even small cars. Hydrogen Dynamics is also developing a hydrogen powered technology for internal combustion engines. Contact: info@hydrogendynamics.ch 27.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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