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HTC Hydrogen Technologies Corp. (formerly Westrange Corp.) Announces Name and Symbol Change and Completion of Acquisition of HTC Hydrogen Thermochem Corp.
Publication Date:24-January-2005
Source:HTC Hydrogen Technologies Corp.
REGINA, SASKATCHEWAN -- HTC Hydrogen Technologies Corp. (CA:HTC)(("HTC" or the "Corporation") is pleased to announce it has received final TSX Venture approval for the changing of its name (previously Westrange Corp.) and changing of its trading symbol (previously WRC) to HTC. The Corporation previously announced on December 23, 2004, that it has completed the acquisition of all of the issued and outstanding shares of HTC Hydrogen Thermochem Corp. ("Thermochem"). The Corporation issued 2,248,568 common shares. A further 65,000 are reserved for issuance to one remaining shareholder of Thermochem upon receipt of executed documentation.

The Board of Directors of the Corporation is now comprised of: Lionel Kambeitz, Executive Chairman, Director, Kevin Sidloski, Director, Wayne Bernakevitch, Director and Jeff Allison, Director.

In addition, HTC is pleased to update their progress in hydrogen production and CO2 capture research and development during the past year of 2004:

- HTC laboratories have built and commissioned 2 bench model tubular reactors and 1 membrane bench reactor for the production of hydrogen and CO2 capture.

- HTC signed Memorandums of Understanding with the University of Regina on CO2 capture and the establishment of an HTC Industrial Research Chair.

- HTC has presented three scientific papers on newly developed proprietary Intellectual Property in Perth, Calgary, and Toronto. Two of these papers have been submitted to the International Journal of Hydrogen for publication.

- HTC expects to announce United States provisional patent filings for a number of new hydrogen production and CO2 capture technologies developed in 2004.

- HTC is finalizing plans for the construction of a full scale "demonstration plant" at the Greenhouse Technology Centre at the University of Regina that will be used as a commercialization staging platform.

- HTC is in negotiations with the University of Melbourne and the Australian Government's CRC CO2 Research Centre to establish a joint research project in Australia in membrane technology development for hydrogen production and CO2 capture.

Lionel Kambeitz, Chairman and CEO of HTC stated, "2004 was a very exciting year for HTC. With our technology now up and running, the next stage will be to build a working demonstration plant to act as a staging platform for the signing of licensing and royalty agreements that will generate recurring revenue streams."

Mr. Jeff Allison, President of HTC Hydrogen Thermochem Corp., commented further, "With the addition of the world scale hydrogen production demonstration plant at the University of Regina, along with the existing International Test Centre for CO2 demonstration plant, HTC is positioned to become a world leader in hydrogen reformation technologies from natural gas and bio-fuels as well as in CO2 capture technologies."

In assessing forward looking statements contained herein, readers are urged to read carefully all cautionary statements contained in this news release, and in those other filings with the Corporation's Canadian regulatory authorities as found in www.sedar.com. Although we believe that the expectations reflected in our forward looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements or other events. We are under no duty to update any of our forward looking statements after the date of this news release other than as required by law.

HTC Hydrogen Technologies Corp. corporate developments can be followed on www.htchydrogen.com and www.hydrogenthermochem.com. 

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