The technology to be developed is based on proprietary, patented technology developed by Hy-Drive and its predecessor company. The hydrogen generating system (HGS) generates and injects small amounts of hydrogen gas into the combustion chamber of a regular internal combustion engine, creating an enriched air mixture and a more complete and faster burn of the air-fuel mixture.
Based on Hy-Drive’s extensive testing and trials conducted to date on a wide variety of internal combustion engines, Hy-Drive’s HGS has demonstrated substantial performance enhancements, including fuel savings and reduced carbon monoxide, nitrous oxide and particulate matter.
The companies will focus on modifying Hy-Drive’s existing HGS, which will include reducing the size of the system for automotive market.
This marks a major milestone for our company and represents a strong endorsement of our technology. With years of R&D work behind us, numerous successful tests and trials, and a growing number of commercial orders in the trucking sector, we believe we are now well positioned to capitalize on this significant opportunity in the automotive industry, said Tom Brown, president of Hy-Drive.
Under the terms of the agreement, Martinrea was granted the exclusive worldwide license for the development of Hy-Drive’s technology for the automotive industry. Martinrea will fund automotive related development costs and will pay a royalty to Hy-Drive based on pre tax profits, when earned.
