HYPF Hypower Fuel Inc (CE)

HyPower Fuel Inc. (OTCPK:HYPF) is pleased to announce that it has entered into negotiations to establish a joint venture to market, distribute and manufacture HyPower๏ฟฝs Hydro Power Pak (HPP) unit with international distributor Trivest Acquisition Corp (Trivest). In late September Trivest had placed an initial purchase order for 50 HPP units in order to present them to their distribution network in Brazil. "We have received back a very positive response from our distribution network who are excited about the possibilities of marketing the HPP unit throughout Brazil,๏ฟฝ stated Mr. Michael Hattenburg, Senior Partner at Trivest. Mr. Hattenburg went on to say that ๏ฟฝwe knew from our due diligence that this product was a win-win scenario for the purchaser but the response that we are getting from our network๏ฟฝs potential customer base can only be defined as overwhelming. This has caused us to believe that in order to fully take advantage of the HPP unit for the Brazilian market that we should establish a Brazilian joint venture operation to fully implement the market launch for the HPP unit. We believe that HPP unit orders will be of such a high volume that it makes sense for HyPower and Trivest to jointly operate a full scale joint venture in Brazil.๏ฟฝ Doug Bender, President of HyPower Fuel Inc., commented that ๏ฟฝthe HPP unit makes complete sense for the Brazilian economy as it will cut the cost of fuel for fleet vehicles, which remains the single largest operating cost component for a fleet.๏ฟฝ Mr. Bender went on to state that ๏ฟฝHyPower is gratified by this high level of interest shown by Trivest as it validates everything we have been working towards these past few years.๏ฟฝ Trivest Acquisition Corp. is a private corporation with business interests in South America, Latin America, Europe and Asia. Trivest has dedicated its business model to assist companies that are making the transition from research and development to commercialization, by providing a global distribution network for their products and services. 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 that it has entered into negotiations to establish a joint venture to market, distribute and manufacture HyPower's Hydro Power Pak (HPP) unit with international distributor Trivest Acquisition Corp (Trivest). In late September Trivest had placed an initial purchase order for 50 HPP units in order to present them to their distribution network in Brazil. "We have received back a very positive response from our distribution network who are excited about the possibilities of marketing the HPP unit throughout Brazil," stated Mr. Michael Hattenburg, Senior Partner at Trivest. Mr. Hattenburg went on to say that "we knew from our due diligence that this product was a win-win scenario for the purchaser but the response that we are getting from our network's potential customer base can only be defined as overwhelming. This has caused us to believe that in order to fully take advantage of the HPP unit for the Brazilian market that we should establish a Brazilian joint venture operation to fully implement the market launch for the HPP unit. We believe that HPP unit orders will be of such a high volume that it makes sense for HyPower and Trivest to jointly operate a full scale joint venture in Brazil." Doug Bender, President of HyPower Fuel Inc., commented that "the HPP unit makes complete sense for the Brazilian economy as it will cut the cost of fuel for fleet vehicles, which remains the single largest operating cost component for a fleet." Mr. Bender went on to state that "HyPower is gratified by this high level of interest shown by Trivest as it validates everything we have been working towards these past few years." Trivest Acquisition Corp. is a private corporation with business interests in South America, Latin America, Europe and Asia. Trivest has dedicated its business model to assist companies that are making the transition from research and development to commercialization, by providing a global distribution network for their products and services. 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.