To: Ace Buck who wrote (7 ) 9/1/1999 8:17:00 AM From: Scoobah Respond to of 12
DCH Receives Contract valued at $ 250,000 First Year. DCH Technology Inc. Selected By SRT Group to Provide Hydrogen Safety Engineering for Renewable Energy Project PR Newswire - September 01, 1999 05:15 VALENCIA, Calif., Sept. 1 /PRNewswire/ -- DCH Technology, Inc. (OTC Bulletin Board: DCHT) has been selected by SRT Group Inc. a Miami FL-based developer of hydrogen and renewable energy storage systems, to provide hydrogen safety engineering and equipment for the development and deployment of an integrated power system. The SRT Group, working under cooperative agreements with the U.S. Department of Energy, selected DCH based upon its strong record for project performance, its ability to configure complete hydrogen sensor systems and the technical expertise of the DCH engineering staff. The exclusive contract is valued at approximately $250,000 for the first year. DCH Technology is a technology development and manufacturing firm specializing in patented and proprietary gas sensor and safety products that are sold to industrial and government customers worldwide. DCH's core technologies include the Robust Hydrogen Sensor, the Thick Film Hydrogen Sensor and the Fiber Optic Hydrogen Sensor. DCH safety detection and process monitoring technologies are currently being used by NASA, Westinghouse, General Motors, AlliedSignal and many other large multi-national companies. The worldwide market for gas sensors is currently estimated at $1 billion and rapidly growing. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, and actual results may be materially different. Factors that could cause actual results to differ include activity levels in the securities markets and other risk factors, such as customer order rates, cancellations, late delivery of customer components, production delays, dependence upon certain customers, dependence upon key executives, viability of quarterly results, single operating facility, competition, product liability risk, control by management, foreign currency fluctuation, and other risks detailed in applicable SEC filings. For More Information Please Contact: DCHTINVEST@aol.com or call (661) 775-8120, ext. 11. Also see the DCH Website at dcht.com and SRT's Website at thesrtgroup.com . SOURCE DCH Technology, Inc. /CONTACT: Dennis Reid of DCH Technology, Inc., 661-775-8120, DCHTINVEST@aol.com/ /Web site: thesrtgroup.com /Web site: dcht.com (DCHT) Posted on SI by Steve O ramcapitalmanagement.com copower.com