HYPF Hypower Fuel Inc (CE)

HyPower Fuel Inc. (Pinksheets: HYPF) is pleased to release details on its newly acquired ultra-green biodiesel process for the North American market. Mr. Douglas Bender, President of HyPower Fuel, reports that �we firmly believe that our biodiesel process is the world�s most cost-effective and environmentally friendly method of producing biodiesel. Our process uses no water and virtually no hazardous chemicals other than methanol, which is a common denominator in any biodiesel process. Due to the fact that we use no chemicals in pre-treatment, we do not have any phosphates or sulfates which have to be removed. Having no pre-treatment and post-treatment dramatically reduces our input and operating costs. In addition, our reaction time from feedstock to a biodiesel product meeting ASTM standards is approximately two hours. These are all major improvements over conventional biodiesel technologies.� Doug Bender went on to say that �our small scale biodiesel plant has been a virtual gold mine in providing a Proof of Technology and in displaying how the process works to interested parties. All visitors who have seen the plant in operation have been extremely impressed and we are now fielding proposals for use of our technology within the HyPower Fuels Limited Partnership (HFLP) format that we have developed. Essentially the HFLP format is a joint venture that provides for HyPower to provide the technology and technical expertise in return for a 50% ownership of biodiesel plants built using our �best in class� technology. The remaining 50% would be owned by our funding partner. Each plant built under the HFLP format would provide a positive revenue stream to HyPower in terms of royalties, technical fees, construction fees and operating profits. We have received a number of expressions of interest from major entities wishing to be a partner for one or more plants using the HFLP format.� About HyPower Fuel Inc. HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy using environmentally beneficial processes. HyPower is currently commercializing the integration of green alternative fuel technologies to improve overall energy performance and efficiency. 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. 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.