Mercury Ev-Tech Limited has entered into Memorandum of Understanding with Hydrogen Horizons Ltd. and Hydrogen Horizons Israel Ltd. on February 27, 2024. Area of agreement: Memorandum of Understanding between Hydrogen Horizons Ltd. AND Hydrogen Horizons Israel Ltd. AND Mercury EV Tech Ltd. to incorporate a new entity. Domestic/International: International. Mercury Ev-Tech Limited and HHL will acquire in ratio of 60:40 in the new entity (to be incorporated). HHIL and HHL and Mercury Group agree to form a joint venture to develop and manufacture a patented product of a hydrogen vessel ref US 8628 609 B to commercialize the Hydra Pak product. HHIL and HHL and Mercury Group agree to form a
joint venture to develop and manufacture a patented product of a hydrogen vessel ref US 8628 609 B to commercialize the Hydra Pak product, referred to as "New Co". (United States Patent Ornath Patent NO.: (US 8,628,609 B2) Date of Patent: Jan. 14, 2014 (10) HYDROGEN STORAGE TANK Inventor: Fredy Ornath, Tel Aviv (IL) ABSTRACT A hydrogen containing tank having an inside Wall that is uniquely bonded to a hydride core Which is a porous hydrogen containing core material. The high hydrogen content capability and high thermal conductivity properties accommodate rapid release and intake of hydrogen gas. Low temperatures and high hydrogen charging discharging rates help to alleviate the use of hydrogen as an energy source in numerous applications. United States Patent Ron Patent NO.: US4,607,826A Date of Patent: Aug. 26, 1986 Inventor: Moshe Ron, Haifa, Israel APPARATUS FOR PREPARING IMPROVED POROUS METAL-HYDRIDE COMPACTS ABSTRACT The present invention relates to a method and apparatus for preparing metal-embedded porous metallic-hydride(PMH) compacts capable of withstanding repeated hydriding-dehydriding cycles without disintegrating. According to the invention, the finely divided hydratable metal alloy hydride is admixed with a finely divided metal selected from Al, Ni, Cu, or other transition metals and charged with hydrogen. The resulting mixture is sintered in a furnace which hydrogen is introduced at a pressure in above the equilibrium pressure to the prevailing temperature, mechanical stress being applied simultaneously. The ompacts obtained possess outstanding stability, as shown by the fact that they have remained intact even after more than 6000 cycles.). Hydrogen Horizons Ltd, Hydrogen Horizons Israel Ltd. and Mercury EV Tech Ltd. will incorporate a new entity. Hydrogen Horizons Ltd. and Hydrogen Horizons Israel Ltd. are engaged in R& D and patent of product and providing consultancy for the same. HHL will have responsibility to obtain a signed Tri-Party agreement between New Co and Mentana Group (2600 Rutherford Road Concord ONL4K 5R1 Canada) to purchase an initial number of Hydra Pak Units. Mentana Group will agree to an initial purchase order of 5 number units to secure the initial financial outlay of the production costs incurred. New Co will grant the Mentana Group exclusive rights for the sales and distribution of the Hydra-Pak throughout the Territories of Canada. As part of the exclusivity arrangements Mentana Group will provide evidence of their financial eligibility to fulfill the contractual arrangements. If the New Co is not formed and capitalized within one month of signing the Tri-party agreement the penalty clause referred to in clause 8 will become Null and Void.