GreenChek Technology Inc. (GCHK)

[rose]

A PR from CSX or UP would be nice if they have looked at the tech.

[QualityStocks]

GreenChek Technology, Inc. (GCHK.OB) Issues Update to Investors

Yesterday after the closing bell, GreenCheck Technology announced that its previously announced internet marketing campaign has been tremendously successful. To date, 93 distributers have sent applications and the company is now in the process of qualifying each of them.

GreenChek’s initial goal was to establish 30 regional distribution partners in 2010, then grow that number by 30 distributors each year to 90 regional distribution partners by the end of 2012. The company estimates that potential gross revenue from this project for 2010-2012 will total $76.8 million. GreenCheck believes it is on track with its goal of building a strong network of distributors in North America and anticipates the majority of the regions qualified and up and running in the second quarter of next year.

In the press release, GreenChek also announced that it has continued to execute European distribution arrangements with TESEL and has received increasing interest for further implementations. As previously announced, the company expects to begin installing ERD units for Heavy Goods Vehicles in the United Kingdom in the second quarter. The current install base could increase GreenCheck’s gross revenue by $8.8 million Euros over the next 4 years.

“We are very pleased with the North American and European market development for the ERD and expect to see continued installations and interest in the coming quarters,” commented Lincoln Parke, President of GreenChek. “The interest in our ERD 2.0 has been overwhelming in the truck transportation sector.”

[mwest]

President Obama is focusing on going green and this company is certianly heading in the right direction.

[mwest]

the company seems to be ahead of the game even when it comes to their own predictions.

[QualityStocks]

GreenChek Technology, Inc. (GCHK.OB) Set for Perfect Alignment of Government and Marketplace

GreenChek Technology, Inc. is poised to benefit big from a unique alignment of government and marketplace conditions. It’s a rare combination that has in the past propelled small, relatively unknown companies into the stratosphere. Back then the word was “computer”. Today the word is “green”, and the companies that stand to benefit most are the ones that apply the best green technologies to address the most significant environmental and energy problems.

GreenChek’s unique patent pending green technology, called Onboard Hydrogen Generation and Injection (OHGI) allows any vehicle (or stationary combustion engine) to significantly improve efficiency and reduce emissions through a simple retro-fit, without having to change fuels or the way it operates. The inexpensive onboard system extracts hydrogen from water, and injects it into the combustion process, reducing emissions by as much as 50%, while at the same time boosting fuel economy. It’s hard to imagine a better product for its time.

With world governments now desperately seeking immediate and cost-effective ways to reduce emissions and improve fuel economy, GreenChek has a product applicable to virtually any vehicle on the planet. The company is already applying for Carbon Credit approved status in participating countries around the world, which will allow for government subsidies for each unit sold. GreenChek is also in the process of forming partnerships with several Fortune 500 companies, in addition to the French government, with plans to launch its OHGI system in the U.S., Asia, and Europe.

It’s not surprising that some are saying the company’s share price, currently trading at less than 30¢, could be at worth least 10 times higher. As mentioned, this is a rare alignment and GreenChek has reason to be excited. As part of an earlier decision to pour money into the latest computer technologies and applications, the government gave a small contract to an unknown company, first traded as a penny stock in 1986. The company, Oracle, is now one of the largest software operations in the world. If you want to guess Oracle’s share price gain, think around 8,000%.

[QualityStocks]

Innovative Technology and Distribution Efforts Garner GreenChek Technology Inc. (GCHK.OB) Speculative Buy Rating from Beacon Equity Research

GreenChek Technology Inc. (GCHK.OB) is the creator of a proprietary, hydrogen-generating system for combustion engines. Its Onboard Hydrogen Generation (OHG) system produces hydrogen, then injects in into a regular internal combustion engine, helping the engine to burn fuel more cleanly and efficiently.

The company’s flagship product is applicable to any internal combustion engine, whether it runs on gasoline, diesel, ethanol, propane or natural gas. Through two years of testing, the company reports that its technology lowers emissions by up to 50 percent, also reducing fuel consumption, increasing horsepower, improving engine life and reducing maintenance costs.

The company has already received 93 applications from potential distribution partners as the company plans to secure 30 regional partnerships in 2010 for its technology.

GreenChek has also designed new ERD technology specifically for locomotive applications, which the company plans on launching in Europe, followed by the United States. This will allow the company to capitalize on revised EPA regulations, and positions the company to take advantage of President Obama’s programs geared at ramping up alternative energy measures to fight pollution.

The company’s proprietary technology, paired with the recent update on its expansion and distribution efforts, recently warranted the company an updated Speculative Buy rating from financial public relations and research firm Beacon Equity Research.

“The new ERD design for locomotives positions GCHK to enter an additional vehicle market with solid revenue potential. New EPA emissions standards for locomotives will likely facilitate a rapid adoption of emission reduction technologies such as ERD in this segment,” the Beacon analyst stated in the report.

The report also notes climbing gas prices and the opportunity clean technology companies have in the changing market.

“Given a long-term outlook that predicts rising oil prices, technology solutions such as GCHK’s ERD system have the potential to rapidly garner market share and support triple-digit revenue growth. We are thus reiterating our Speculative Buy rating for GCHK but reducing our price target to $1.52 to reflect slowed world economic growth,” the report states.

[mwest]

With 93 applications from potential distribution partners and trying to secure 30 regional partnerships in 2010 for its technology, this company is making great strides forward.

[mrsfelix06]

Any word on the success of these partnerships?

[mwest]

No word yet on the partnership, but with oil prices on the rise one can only wonder the amount of sucess GreenChek will have.

[mwest]

It's amazing that they say the shares are going to be worth 10 times higher soon.

[QualityStocks]

GreenChek Technology Inc. (GCHK.OB) Assists Companies Worldwide to Meet New Global Emissions Standards

Even though we are only a few months into the new administration, President Obama has made it clear that he is taking an aggressive stance on transforming the current domestic energy policies into a more environmentally-friendly system. The steps taken by the president are not unusual as most industrialized nations have already enacted environmental initiatives to decrease greenhouse gases.

Analysis indicates that at least 30% of the greenhouse gases are produced from the trucking industry while the rail industry follows in close second. Analysts of a 2007 report named “Greenhouse Gas Emissions from Freight Trucks” found that the amount of greenhouse gases (GHG) produced by the U.S. trucking industry increased more than 69% from 1990 to 2005. This is not a surprising result as the tons per mile ratio increased from about 800,000 in 1990 to about 1,300,000 in 2004, while the truck industry’s efficiency decreased by at least 10% during this timeframe.

According to the European Union, the trucking industry must take action to reduce emissions, increase fuel efficiency, as well as reduce energy spending. Some companies may feel that in order to meet these requirements, they will need to invest in an entirely new fleet of vehicles. This type of change could potentially bankrupt more than a handful of companies. GreenChek provides companies with an option to increase the efficiency and reduce the emissions produced by its existing fleet of vehicles.

GreenChek has developed an innovative technology that transforms distilled water (H20) into its base elements of hydrogen and oxygen, which are two of the most abundant elements on earth. The company’s Onboard Hydrogen Generation and Injection (OHGI) system then injects the hydrogen and oxygen into the existing engine. As the hydrogen is burned in the engine, water vapor is produced and is released into the atmosphere. The OHGI technology can be installed to virtually any existing combustion engine regardless of the type of fuel used and actually enables the engine to generate more raw power with less fuel.

With millions of high-polluting trucks on the road, GreenChek’s OHGI technology allows companies to transform their existing fleet of vehicles into more fuel efficient and environmentally-friendly modes of transportation. The OHGI technology provides businesses with an opportunity to select a more cost effective solution to meet the new global emissions expectations without having to replace their entire fleet of vehicles.