HyPower Receives Inquiry Regarding HPP Product from U.S. Department of Defense
13 10์ 2006 - 11:01PM
Business Wire
HyPower Fuel, Inc. (OTCPK: HYPF) is pleased to announce that they
have been contacted by a representative of the US Department of
Defense with a view to purchasing HyPower Fuel๏ฟฝs HPP units for
hydrogen insertion in the US Army fleet of vehicles. Doug Bender,
President of HyPower Fuel, stated that ๏ฟฝof particular interest to
the military was the fact that the two engines on which we have
conducted extensive testing are also the engines most in use in the
military vehicle fleet. HyPower has performed extensive tests on
the Detroit Diesel Series 60 (used in heavy applications e.g.
tanks) and the GMC 6.0 liter (utilized for light applications e.g.
armored personnel carriers).๏ฟฝ Mr. Bender went on to state that ๏ฟฝthe
HPP unit is a perfect fit for the US military given their large
fleet and the fact that the cost of fuel represents their single
largest expenditure in fleet operating costs.๏ฟฝ According to some
press accounts, the U.S. administration is proposing $419.3 billion
into purely military spending on goods and services in fiscal 2006.
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 they
have been contacted by a representative of the US Department of
Defense with a view to purchasing HyPower Fuel's HPP units for
hydrogen insertion in the US Army fleet of vehicles. Doug Bender,
President of HyPower Fuel, stated that "of particular interest to
the military was the fact that the two engines on which we have
conducted extensive testing are also the engines most in use in the
military vehicle fleet. HyPower has performed extensive tests on
the Detroit Diesel Series 60 (used in heavy applications e.g.
tanks) and the GMC 6.0 liter (utilized for light applications e.g.
armored personnel carriers)." Mr. Bender went on to state that "the
HPP unit is a perfect fit for the US military given their large
fleet and the fact that the cost of fuel represents their single
largest expenditure in fleet operating costs." According to some
press accounts, the U.S. administration is proposing $419.3 billion
into purely military spending on goods and services in fiscal 2006.
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 (CE) (USOTC:HYPF)
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Hypower Fuel (CE) (USOTC:HYPF)
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