Jericho Expands Energy Portfolio with Agreement for the Acquisition of Hydrogen Technology
January 22, 2021 at 10:54 pm EST
Jericho Oil Corporation announced that it is has entered into an agreement for the acquisition of all the assets of Hydrogen Technologies Inc. (HTI). HTI holds robust intellectual property for a breakthrough high-temperature Dynamic Combustion Chamber (“DCC”) boiler that enables zero-emissions hydrogen to generate heat, hot-water, high-temperature steam, and Combined Heat & Power (“CHP”) through a closed-loop process. The closing of the acquisition remains subject to the approval of the TSX Venture Exchange and also the approval of the shareholders of HTI.