PRAXEN – DEFKALION GREEN TECHNOLOGIES GLOBAL PRESS RELEASE

Wednesday 30th, November, 2011

Today, and through our company website, Praxen – Defkalion Green Technologies Global has disclosed its current work on Nickel and Hydrogen exothermic  reaction using Chemically Assisted Low Energy Nuclear Reactions.

The  provided Technical Specifications Sheet is a first  preparation  of  our  pre-industrial Hyperion product.

This data has been tested with progress made towards the design of a final product ready for market entry in 2012.

Hyperion products will be introduced into the global market with applications for buildings, agriculture and industrial energy needs.

Beyond the completion of the final product with all necessary certificates, our company  has three  key objectives for 2012:

1. Agreements with companies for exclusive licenses according to country / territory

We have received interest in our license agreements from  850  companies  from  60 countries.  They have already received an invitation for testing our products on the basis of a license for their country. We expect to sign ontracts in 2012 and have already started talks.

2. Third party independent tests for scientific purposes and advancement of theory

Praxen – Defkalion  Green Technologies is a strong supporter of LENR technologies  globally.  Greece  can become the  global centre for R&D on LENR technologies. We have already received  numerous  requests from  leading  scientific authorities,  academic  institutions and national laboratories  from  key  countries  to conduct tests on our products. Our policy is to accept their requests, under agreed protocol, and to allow publication of their findings. The process of agreeing to dates for such tests depends on the availability of our staff and labs, keeping in mind that we run a business, not a technology show room.

3. R&D-based joint venture partnerships with companies in niche market applications

There are many applications that stand alone Hyperion products cannot service. In these cases, we will enter into joint venture agreements with companies that have specialized know-how and technologies in their field, but who will be able to utilize and capitalize on our technology to create entirely new products with ours.  Examples  of  such partnerships have come from  interested companies  in the fields of  marine propulsion, water desalination, off-shore drilling, trains, telecom towers, heavy vehicles, and micro energy sources.  These agreements will be consistent with Praxen – Defkalion Green Technologies Global product development and R&D efforts.

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