DiagnaMed Holdings Corp. has entered into a limited license and option agreement with Texas Tech University to commercialize a technology that produces hydrogen directly from petroleum reservoirs and natural hydrogen fields. Developed by Dr. Qingwang Yuan, the technology integrates hydraulic fracturing with electromagnetic wave heating to produce hydrogen from light oil, gas, and shale reservoirs, as well as potentially from ultramafic rock formations. With production costs as low as $0.86 per kilogram, this method aligns with the U.S. Department of Energy's initiative to achieve $1/kg hydrogen production by 2031. Fabio Chianelli, CEO of DiagnaMed, highlighted the significance of this collaboration in driving innovation in hydrogen production and enabling petroleum companies to repurpose abandoned wells for sustainable hydrogen production. The technology enhances energy efficiency, reduces costs, and carbon footprints, offering a sustainable alternative to conventional methods. Backed by a Techno-Economic Analysis by Argonne National Laboratory, it reuses existing oil and gas infrastructure, providing a competitive advantage for hydrogen producers. As global hydrogen demand rises, with the market projected to grow significantly by 2034, DiagnaMed's partnership with Texas Tech University positions it as a key player in the clean energy revolution, supporting the transition to a low-carbon economy.