response from jim:
xxxxxx,
We will post the 2nd half as soon as my IF/design engineer has some free time. We are way behind in design work because she just returned from a 3 ½ month maternity leave.
We just received a grant/contract from the National Science Foundation to work on DME. Our partners are Michigan Tech. University, Argonne National Lab, and Navistar. We are supplying a new, high pressure DME injection system. There were something like 1000 applications for grants and 2 were picked, so we did well. Unfortunately, because of the sequester and other factors, the budget was cut by 2/3! We are waiting for the final numbers. Work will start in a month or so,
We have some pending military/aerospace business pending, but this is confidential.
We have a DME proposal pending at another University. We should hear something about this within 60 days.
We are working on a new concept for passenger car that will use DME blended with another fuel. This is not truly a diesel engine, but the efficiency is very high.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
4:33 AM
Reply ?
j f
To jim.mccandless@altfueltechnology.com
Mar. 11, 2013
Hi Jim,
I am a shareholder of AFTC, and I also moderate the AFTC board on Investor's Hub. Some of us are wondering when the financial statements for the second half of 2012 will be posted on the AFTC website. Also, is there anything you can share regarding any new developments? Finally, in your newsletter from Mar 2012, you stated that there are no plans to raise capital through the sale of stock or any other means-is that still your outlook going forward? With your permission, I would like to post your responses to the group.
Thank-you for your time & consideration,
xxxxxxx xxxxxxx
