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Atlantic Hydrogen signs licensing agreement with major Italian Group.

Thursday, August 28, 2008
August 28, 2008 - Fredericton, NB

Atlantic Hydrogen continues to build an impressive list of relationships by signing a licensing agreement with Rosetti Marino, a large engineering and construction contractor of offshore platforms and process modules located in northern Italy. This region has Europe's highest concentration of natural gas vehicles. Rosetti intends to develop skid-mounted versions of AHI's patented CarbonSaver^TM technology for on-site hydrogen enrichment of natural gas for the vehicle refueling and small power generation markets. This agreement represents a major step forward in the commercialization of this unique technology outside of Canada.

"Rosetti is a large and experienced EC contractor with specialized know-how and capabilities to design, fabricate and commission process packages covering a whole range of upstream hydrocarbon treatment. It is a valuable validation for us to have a company of this size and reputation commit to our technology," says David Wagner, President and CEO of Atlantic Hydrogen. "They have the ideal engineering and manufacturing skills to build, demonstrate and sell the CarbonSaver^TM technology in the Italian market."

Using the technology developed by Atlantic Hydrogen, Rosetti will design and build CarbonSaver^TM units that comply with European codes and standards.

"Rosetti Marino and our subsidiaries are favoring the industrialization and commercialization of new sustainable technologies in a variety of industries," says Gianfranco Magnani, President of Rosetti Marino. "We consider Atlantic Hydrogen's CarbonSaver^TM technology an important opportunity to differentiate Rosetti's hydrogen technology portfolio. The separation and capture of solid carbon from natural gas is unique in the industry. It permits to reduce the carbon footprint of many methane based processes maintaining natural gas as energy source and avoiding the CO2 storage problem. The technology offers to our customers the possibility to create carbon credits using natural gas and to benefit from the European carbon trading system."

Rosetti expects to be manufacturing its first demonstration units within a year.