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““Hydrogen is the most abundant element in the universe and considered an ideal energy carrier”

– Virginia Commonwealth University

July 25, 2006

Sure, 5 or 10 years from now, next-generation automotive engines will transform high gas prices, carbon emissions, and reliance on foreign oil into a laughable piece of the past. We won’t have to worry about dying from automotive air pollution or wars over fossil fuels and won’t be forced to modify our engines to circumvent $5 per gallon gasoline.

But today, while fuel cell technology  and most other renewable energy sources remain not yet commercially viable, providers of Onboard Hydrogen Generation and Injection (OHGI) technologies claim to have developed solutions that with limited maintenance and intervention, can be retro-fitted into the world’s more than 1 billion internal combustion engines to:

      Lower emissions by as much as 50%.

      Significantly reduce fuel consumption and increase horsepower.

      Drastically improve engine life; and

      Reduces maintenance costs.

Technological innovators today claim to have overcome historical limitations of hydrogen engines associated with storage and built applications that create a bridge between today’s fossil fuel infrastructure and tomorrow’s hydrogen economy. 

GreenCheck Technology (OTCBB: GCHK) Appears To Be One of Those Innovators

According to GreenCheck, their  patent pending (Emission Reduction Device) ERD™ 1.0 system allows any internal combustion engine to operate with reduced emissions and enhanced fuel economy.

I just have to see one of these devices for myself. What intrigues me the most is that management swears that consumers need not worry about proximity to hydrogen fill stations – another major hindrance to widespread adoption of hydrogen vehicles – because their technology operates solely on distilled water.

The ERD product has apparently been 3rd party tested with a great degree of success and revealed to be the smallest, most efficient, and most reliable product on the market and proven reliable for a test period exceeding two years. 

Web Campaign Could Gross $77M by 2011

GreenCheck recently announced a partnership with CyberMesh Systems Inc. to launch an Internet marketing campaign that could generate potential gross revenues of nearly $77M between 2009 and 2011 while expanding the company’s regional distributor network from 30 to 90.

In addition, the company has publicly stated plans to aggressively distribute the ERD device and has established a European strategic distribution agreement with Technical Environmental Solutions Europe Ltd. (TESEL). TESEL. The alignment should prove to be extremely positive for the company as it begins navigating the intricate world of European government contracts. 

GCHK Should Be On Your Radar Screen

Given the company’s position as a prospective provider of an immediate fix for both exorbitant fossil fuel prices and global warming and recent trading activity, I’m compelled to take a deeper look into Greencheck’s business model.

In the coming days and weeks, I’ll report back with highlights from conversations with management, due diligence on the company and the ERD product, and an overall assessment of the risks and rewards associated with gaining an ownership position in GCHK.

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