Matthew Reed a private UK investor with a portfolio of sustainable start up positions, has initiated his support for Gilman Industries board, with a personal initial investment of $50,000 and a commitment to assist our business with its International reach and rapid growth.

Matt has been part of BGF since its launch in 2011 and prior to that, Matt worked in Australia as a Chartered Accountant before moving to the UK in 1999. Prior to BGF he has worked in finance roles in investment banking and private equity and has also worked with a number of start-ups which he believes was the most relevant and challenging training he received to date.

Matt holds a Bachelor of Commerce degree from The University of Western Australia and is a member of the Institute of Chartered Accountants of Australia.

He brings this wealth of experience to Gilman Industries, and we’re excited to welcome him aboard, looking forward to a prosperous future together.

Gilman Industries, with a strong funding boost of $50,000 by Investment Capital Growth, has started to convert the idea of Evolve^™ Technology into prototypes. They are now aiming big to build on their patent to enhance the design and prototypes, seeking two funding rounds of $6.5 million & $26 million.

[East Northport, NY] dated May 2^nd, 2020 – Gilman Industries is bidding big on on-demand, on-site hydrogen generation technology using sustainable and cheaper materials, plentiful sources of water as feedstock, including seawater under the Project Evolve^™ technology, showcasing a multitude of field uses and benefits. Evolve^™ technology is unique, as the first hydrogen electrolyzer to use seawater, tap water, and wastewater. With a boost of $50,000 from Angel investors, funding has currently reached a total of $300K, and now seeks the figures of $6.5 million & $26 million, being on the verge of a major breakthrough.

The energy industry is always looking for innovative ways to meet ever-rising energy demand and bridge the demand-supply gap. Gilman Industries is ready to seize the opportunity with its Evolve^™ technology, which is designed to produce hydrogen right at the source. It is cheaper, quick to generate, leaves a lower carbon footprint, and is scalable for use in aircraft, vehicles, trucks, forklifts, fertilizer, mines and other industries. The business use cases are extensive and benefits are immense.

Speaking on the design of Evolve^™, expert Dr. Ronald G. Pirich, Fmr. NASA Program Mgr./Principal Investigator provided some deep insights: “The architecture allows scalability of the Evolve^™ design to meet a diversity of applications and geometries. The use of digital injection moulding techniques also allow for rapid production line modifications as well as the use of application-specific polymer formulations.”

Another industry expert, Dr. Stephen Livermore, of Frazer-Nash Consultancy, has come out with all positive remarks: “This project presents a potential step-change in electrolyzer technology, offering cheaper capital and operating costs. These technology features will be important in enabling the deployment of bulk hydrogen production.”

Explaining the need to raise more funding, Gilman Industries has planned to test their C-37 units to bring the right prototype and check for market readiness. Another $26 million is needed to create facilities, further R&D, and enable an initial production of 20,000 units.

• Green Hydrogen is taking over an established $200 billion hydrogen production marketplace
• Morgan Stanley forecasts hydrogen marketplace reaches $2.5 Trillion by 2050
• Large investments in green hydrogen by Oil & Gas corporations as fossil fuel production peaks in 2030’s
• Electrical costs are scheduled to be at a low rate by 2030, due to renewables; making electrolyzed hydrogen economically advantageous
• Large investments of funds & assets from municipal, state and global governments

Evolve™ has unique advantages over current electrolyzers:

• Evolve™ is the first electrolyzer with the promise of making green hydrogen for under $3.00/Kilogram
• Evolve™ is the first electrolyzer to use virtually any water source including tap water, wastewater, and seawater
• Evolve™ is the first injection molded electrolyzer allowing for true mass production and substantial profits
• Evolve™ offers greater customer satisfaction from durability and less maintenance
• Evolve™ has been recognized as a solution to fossil fuel issues by civic and large corporate audiences
• Evolve™ has been recognized as a solution to energy equality, grid stability, job creation, and waterways remediation by civic and large corporate audiences

• Fully patented in US and EPO, with rights to produce in US, UK, Germany, France, Norway, Belgium, Switzerland, and Netherlands
• NASA itech award semi-finalist
• US Delegates for TAP2G Consortium in Aberdeen, Scotland, October 2019

Download our PDF