HYPF Hypower Fuel Inc (CE)

HyPower Fuel, Inc. (OTCPK: HYPF) is pleased to announce it has signed a distribution agreement with Crystal SSK Enterprises, Inc. for representation in Asia and throughout the Pacific Rim. HyPower has entered into an exclusive marketing and distribution agreement with Crystal SSK Enterprises, Inc., a South Korean marketing and distribution company, to distribute its Hydro Power Pak (HPP) throughout much of Asia and the Pacific Rim over the next ten years. Crystal specializes in commercializing and marketing emerging products and technologies developed in North America, Asia, and the Pacific Rim. Mr. Lee, President of Crystal SSK, commented that �The timing is right to market the HPP in Asia and the Pacific Rim since South Korea has recently enacted air pollution legislation very similar to that currently in use in the State of California and as monitored by the California Air Resources Board.� Mr. Lee went on to say that �he is proud and excited to be associated with HyPower as it is a leader in innovative environmental technologies and he has been anxiously awaiting the opportunity to represent and market the Hydro Power Pak.� In recent weeks HyPower Fuel, Inc. has received an unprecedented amount of inquiries from potential customers and distributors with regard to their Hydro Power Pak (HPP) after the company�s stock began actively trading on September 25, 2006. �We are delighted at the amount of attention our product has received. With the recent focus on the Hydrogen Economy and the elevated awareness of hydrogen energy in the press worldwide, we couldn�t be in a better place right now,� said Doug Bender, CEO of HyPower. About the Hydro Power Pack (HPP) The HPP is a retrofit hydrogen insertion device developed for use on tractor trailer rigs as well as stationary diesel engines to improve fuel economy, reduce harmful emissions and increase engine performance and horsepower. Although the HPP does not eliminate the need for gasoline, diesel or other fuels it does provide the onboard production of hydrogen that supplements the primary fuel source. HyPower believes the HPP is more efficient than any existing form of electrolysis-based hydrogen production/insertion technology. The HPP is a transition technology paving the way for future retrofit hydrogen production technologies that will allow engines to be fueled totally with hydrogen produced on board, on demand. About HyPower Fuel, Inc. HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen related products. HyPower has successfully commercialized the integration of hydrogen production and hydrogen insertion technologies using electrolysis to improve the overall performance and efficiency of the internal combustion engine while burning gasoline, diesel, natural gas, liquid propane, ethanol, methanol or a combination of fossil fuels and biofuels. HyPower�s signature product, the Hydro Power Pak (HPP), has demonstrated a significant impact on the performance of engines while at the same time increasing fuel economy, significantly reducing harmful emissions, inducing a cleaner more efficient burn, and increasing torque and horsepower. The HPP results in greater productivity, less carbon residue and sludge build-up and overall increased operating efficiency. HyPower is also engaged in the research and development of hydrogen production technology and biofuel products. For more information please visit: www.hypowerfuel.com Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. HyPower Fuel, Inc. (OTCPK: HYPF) is pleased to announce it has signed a distribution agreement with Crystal SSK Enterprises, Inc. for representation in Asia and throughout the Pacific Rim. HyPower has entered into an exclusive marketing and distribution agreement with Crystal SSK Enterprises, Inc., a South Korean marketing and distribution company, to distribute its Hydro Power Pak (HPP) throughout much of Asia and the Pacific Rim over the next ten years. Crystal specializes in commercializing and marketing emerging products and technologies developed in North America, Asia, and the Pacific Rim. Mr. Lee, President of Crystal SSK, commented that "The timing is right to market the HPP in Asia and the Pacific Rim since South Korea has recently enacted air pollution legislation very similar to that currently in use in the State of California and as monitored by the California Air Resources Board." Mr. Lee went on to say that "he is proud and excited to be associated with HyPower as it is a leader in innovative environmental technologies and he has been anxiously awaiting the opportunity to represent and market the Hydro Power Pak." In recent weeks HyPower Fuel, Inc. has received an unprecedented amount of inquiries from potential customers and distributors with regard to their Hydro Power Pak (HPP) after the company's stock began actively trading on September 25, 2006. "We are delighted at the amount of attention our product has received. With the recent focus on the Hydrogen Economy and the elevated awareness of hydrogen energy in the press worldwide, we couldn't be in a better place right now," said Doug Bender, CEO of HyPower. About the Hydro Power Pack (HPP) The HPP is a retrofit hydrogen insertion device developed for use on tractor trailer rigs as well as stationary diesel engines to improve fuel economy, reduce harmful emissions and increase engine performance and horsepower. Although the HPP does not eliminate the need for gasoline, diesel or other fuels it does provide the onboard production of hydrogen that supplements the primary fuel source. HyPower believes the HPP is more efficient than any existing form of electrolysis-based hydrogen production/insertion technology. The HPP is a transition technology paving the way for future retrofit hydrogen production technologies that will allow engines to be fueled totally with hydrogen produced on board, on demand. About HyPower Fuel, Inc. HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen related products. HyPower has successfully commercialized the integration of hydrogen production and hydrogen insertion technologies using electrolysis to improve the overall performance and efficiency of the internal combustion engine while burning gasoline, diesel, natural gas, liquid propane, ethanol, methanol or a combination of fossil fuels and biofuels. HyPower's signature product, the Hydro Power Pak (HPP), has demonstrated a significant impact on the performance of engines while at the same time increasing fuel economy, significantly reducing harmful emissions, inducing a cleaner more efficient burn, and increasing torque and horsepower. The HPP results in greater productivity, less carbon residue and sludge build-up and overall increased operating efficiency. HyPower is also engaged in the research and development of hydrogen production technology and biofuel products. For more information please visit: www.hypowerfuel.com Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.