Alternate Energy Corporation
OTC Bulletin Board : ARGY.OB

Alternate Energy Corporation

November 14, 2005 08:00 ET

Alternate Energy Corp. Files Provisional Patent Application

BURLINGTON, ONTARIO--(CCNMatthews - Nov. 14, 2005) - Alternate Energy Corporation (AEC) (OTCBB:ARGY.OB) today announced that it has filed a provisional patent application with the U.S. Patent and Trademark Office in connection with its proprietary process of producing pure hydrogen.

Mr. Blaine Froats, Chairman & C.E.O. of AEC, stated, "As a result of working closely with Experchem Laboratories of Toronto, Canada over the past nine months, our method of producing hydrogen has benefited from significant enhancements. The modifications and improvements to our hydrogen production process have resulted in more efficiency, an increased production of hydrogen, and the ability to develop what we believe is a saleable, in-demand by-product. Up to now, AEC has been focused on small, portable, on-demand hydrogen production systems which we continue to improve and market. This by-product, however, may provide us with a source of future revenue, which could partially offset the cost of our hydrogen production and accelerate our entry into the $3 billion (USD) global bulk hydrogen market."

A provisional patent application establishes an official United States patent application filing date for an invention and permits one year's authorization to use a "Patent Pending" notice in connection with the invention and to assess the invention's commercial potential before committing to the higher cost of filing and prosecuting a non-provisional application for patent.

About Alternate Energy Corporation (AEC) is energizing the hydrogen economy with its on-demand hydrogen production technology that provides small-scale electricity, bulk production of hydrogen and a saleable by-product. These systems have global opportunities in multiple market segments. AEC's proprietary discovery in process technology permits the generation of hydrogen from water through a "green" process at a competitive level to the fossil fuel kWh cost of energy. AEC believes its systems can have a revolutionary impact on the energy industry.

Forward Looking Statements: This Press Release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning, among other things, the prospects, developments and business strategies for the Company and its operations. These forward-looking statements (i) are identified by their use of such terms and phrases as "expected," "expects," "believe," "believes," "will," "anticipated," "emerging," "intends," "plans," "could," "may," "estimates," "should," "objective," and "goals" and (ii) are subject to risks and uncertainties and represent the Company's present expectations or beliefs concerning future events. The Company cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements, including risks described in the Company's filings with the Securities and Exchange Commission. Therefore, results actually achieved may differ materially from expected results included in, or implied by these statements.

Contact Information