Automotive: South Shore Begins Licensing Due Diligence
August 18, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — South Shore Resources Inc. (OTC: SSHO) said it has begun its review and due diligence on the private Ontario company headed by Erich Genseberger, whom the company said wishes to purchase an exclusive 20 year license for use of its intellectual (Hydrogen on Demand) property for $44 million.
South Shore is marketing its HyProStar series of hydrogen generating modules as an aftermarket product.
Turks and Caicos-based South Shore Resources is engaged in the development of products using hydrogen generating modules and related accessories for the transportation and automotive industries.
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