Greenchek Technology Inc (GCHK)

Greenchek Technology Incorporated, formerly Ridgestone Resources, Inc., was incorporated in the State of Nevada on September 12, 2006, and changed its name to GreenChek Technology Inc. on August 5, 2008. From inception to May 31, 2008, the Company's main business was the acquisition and exploration of mineral resources. On July 14, 2008, the Company entered into a licensing agreement to acquire patent and intellectual rights relating to the manufacturing, marketing, and distributing of products designed to reduce gas emissions by motor vehicles through the use of hydrogen technology. In 2008, the Company negotiated the license acquisition of a development stage company that limits emissions emanating from the Internal Combustion Engine, 'ICE'. The company has completed its first generation Onboard Hydrogen Generating, 'OHG', technology that permits any ICE, independent of fuel source, 'gasoline, diesel, ethanol, propane, and natural gas', to operate with reduced emissions. Negotiation with this group was successful and an acquisition of its assets was completed. The Company's business plan is solely to manufacture and market the Emission Reduction Device 2.0. 'ERD-2.0'. The ERD-2.0 is designed for installation on all vehicles with an internal combustion engine, 'ICE'. The compact, self-contained ERD-2.0 includes a proprietary modular multiple cell Electrolyser Unit for an internal combustion engine that could be retrofitted to any type of ICE to enhance the combustion process, independent of the fuel used, 'gasoline, diesel, ethanol or propane/natural gas'. The ERD-2.0 product generates hydrogen by means of electrolysis. Water molecules are spontaneously split into hydrogen and oxygen gases of high purity, the resulting gases could then be distributed according to the user's requirements. Specifically focused on ICE integration, the ERD unit produces an amalgamation of hydrogen and oxygen gases, completely on demand, at miniscule pressure, only when the engine is operational. These gases are transported to the engine where they are entirely exhausted in the combustion procedure. The ERD unit ameliorates engine performance efficiency by generating augmented combustion of the air-fuel amalgam. The ERD 2.0 product has a two year warranty. The Company's ERD-2.0 is assembled by Tianjin Shenma Science and Technology Development Company Ltd. located in Tianjin, China and is shipped to customers in Asia, Europe and North America. The Company markets its ERD-2.0 through Technical Environment Solutions Ltd., 'TESEL', a European-based sales and distribution company with experience in environmental technologies and its applications. The Company markets its ERD-2.0 only in Europe. It also promotes its product through the website and through trade magazines, newspapers and at broadcast exhibitions. The Company competes against existing and emerging technologies in its targeted markets for mobile and stationary applications. It competes mainly on the basis of safety, reliability, efficiency, cost and environmental considerations.