HYPF Hypower Fuel Inc (CE)

HyPower Fuel Inc. (OTCPK: HYPF) is pleased to provide this corporate update concerning its ongoing R&D efforts, its research partnership with Middle Tennessee State University (MTSU) and its video webcast presentation. The Company is currently in the post production phase finalizing three or four distinct video presentations from demonstrations of the H2 Reactor that were filmed on March 15, 2007. The Company has continued research efforts to improve the efficiency of its signature product, the H2 Reactor, and recently presented the latest technology revisions and specifications on the H2 Reactor to the Company�s patent attorney. HyPower also plans to demonstrate the latest version of the H2 Reactor for Dr. Cliff Rickets at MTSU in mid-May. A definite date for this demonstration has not been set. �We have had an excellent quarter in the development of HyPower�s overall business plan.� stated Doug Bender President of HyPower. �We have kept L & L Video very busy with producing these videos. On March 15th, we had a panel discussion of various industry experts following the H2 Reactor demonstration to explore the opportunities and applications available to the H2 Reactor. I believe that we can safely say that the panel members were very impressed by the demonstration. We apologize for the production delays but believe that the extra time has allowed us to produce three or four quality videos that give a more comprehensive overview of the operation and market for what we believe to be a revolutionary product� Bender explained. About the H2 Reactor (H2R) The H2 Reactor is an electrolyzer that uses a unique process of electrolysis to create hydrogen and oxygen gases from water. After extensive technical research and development work with its joint venture partner, HyPower believes that the H2 Reactor�s electrolysis process is technologically the most efficient to date with an unprecedented ratio of 1 liter of hydrogen production to an electrical input of 1 watt hour. This is approximately 2 to 2.5 times more efficient than the current state of the competing technology. The H2 Reactor can be used in any manufacturing, business or household application involving heat or combustion. HyPower also hopes to adapt this technology for transportation purposes by enabling vehicles to burn hydrogen produced on-board and on-demand either in a hybrid or a sole source fuel scenario. � 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. 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.