Alternative Fuel Technologies Inc. CEO Interviewed by Major Industry Online Destination
30 9월 2009 - 3:22AM
Marketwired
Alternative Fuel Technologies Inc. (PINKSHEETS: AFTC) is pleased to
announce that CEO James C. McCandless has been interviewed by
Downstream Today, the most comprehensive information source
available online serving the refining, petrochemical, pipeline, LNG
and related industries. The article may be viewed at:
http://www.downstreamtoday.com/news/article.aspx?a_id=17838
The article discusses the viability of DME as a diesel
replacement. It also discusses AFTC as leading the way for the
adaptation of DME for mass usage throughout the world citing its
relationships with Ford and the Korean Institute for Energy
Research (KIER). James McCandless is quoted in the article as
saying, "AFTC has positioned itself to be the leader in the DME
fuel system market, and winning contracts with KIER, Ford, or other
automotive organizations would be a great boost for the
company."
About DME
DME is a new ultra-clean diesel fuel replacement that can be
produced from abundant resources. These include natural gas,
landfill methane, coal and biomass. At current oil prices, DME can
be produced and distributed at less than 1/2 the cost of
conventional fuel. When burned in a diesel engine, all soot
emissions are eliminated and NOx emissions are lowered dramatically
without the use of expensive exhaust aftertreatment devices.
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
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