Alternative Fuel Technologies Provides Corporate Update and Recaps Recent Successes
20 7월 2009 - 10:45PM
Marketwired
As previously announced, Alternative Fuel Technologies, LLC
(PINKSHEETS: AFTC) has entered into the fields of Green Energy and
Alternative Fuel that are earning a great deal of media attention.
Alternative Fuel Technologies is a development stage manufacturing
company that is currently focused on product development R/D and
selling advanced prototypes to customers. Its major products are
DioMethyl Ether (DME) fuel injection systems and related equipment,
but it is also developing advanced diesel fuel injection systems
for the military that will operate on jet fuel. DME is an
ultra-clean diesel fuel replacement that can be manufactured at low
cost from many sources, including renewable materials (biomass,
waste and agricultural products) and fossil fuels (natural gas and
coal).
The company has experienced significant success in selling their
prototypes, which is evidenced by its recent sales and ongoing
relationships with entities as substantial as the US ARMY and the
Korean Institute for Energy Research (KIER). Additionally, AFTC has
been retained by the Ford Motor Company (of Europe).
As President Jim McCandless recently stated, "Economic and
Political trends have converged to provide great opportunity in the
area of alternative fuels and related technologies and we believe
this convergence will continue to positively impact AFTC's future
growth potential."
Today, the cost of producing DME is only 1/4 to 1/2 that of
diesel fuel produced from crude oil, depending on the feedstock
utilized. AFTC and many others believe that DME can and will
significantly reduce fuel costs, not to mention provide clean,
environmentally friendly energy. According to the DME Association,
the qualities that DME possesses make it "a versatile and promising
solution in the mixture of clean renewable and low carbon fuels
under consideration worldwide." Alternative Fuel Technologies
offers this Corporate update and summation of previously reported
successes to reinforce shareholder confidence and communicate the
company's commitment to its future.
About AFTC:
Alternative Fuel Technology Inc. is a research & development
organization engaged in the design, development and prototype
manufacturing of advanced fuel systems for use with a new
alternative fuel -- dimethyl either (DME). AFTC has developed
practical, low-cost fuel injection equipment for DME fueled
vehicles and currently provides complete DME fuel systems for
testing and research purposes in addition to retrofit systems that
can be used with most diesel engines. The company's ultimate goal
is series production of DME fuel systems for the global automotive
market by 2011.
Safe Harbor Statement: Statements contained in this release,
which are not historical facts, including statements about plans
and expectations regarding business areas and opportunities,
acceptance of new or existing businesses, capital resources and
future business or financial results are "forward-looking"
statements. You should not place undue reliance on these
forward-looking statements. Such forward-looking statements are
subject to risks and uncertainties, including, but not limited to,
customer acceptance of our products, our ability to raise capital
to fund our operations, our ability to develop and protect
proprietary technology, government regulation, competition in our
industry, general economic conditions and other risk factors which
could cause actual results to differ materially from those
projected or implied in the forward-looking statements. Although we
believe the expectations reflected in the forward-looking
statements are reasonable, they relate only to events as of the
date on which the statements are made, and our future results,
levels of activity, performance or achievements may not meet these
expectations. We do not intend to update any of the forward-looking
statements after the date of this press release to conform these
statements to actual results or to changes in our expectations,
except as required by law.
Further information on Alternative Fuel Technologies Inc. is
available at: http://www.altfueltechnology.com/
CONTACT: InvestSource, Inc. Investor Relations: 714-847-2460
Email Contact
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