Equitex to Acquire Hydrogen Generation Technology
Sunday, July 17, 2005
"Equitex announced today that it has executed a binding agreement in principle for the acquisition of a license to exploit all of Hydrogen Power ("HPI") intellectual property in the United States for a combination of cash and stock to be issued. In connection with the transaction, the Company also received three separate options to acquire HPI's intellectual property rights for South America, Mexico and Canada. In addition, if Equitex chooses to exercise its options, the Company could acquire all of the business operations of HPI pursuant to the terms of the final option." Source: fuelcelltoday.com
posted by Frank @ 9:00 AM,
