HYPF - HyPower Fuel, Inc. Releases Three Year Revenue Projections
Thursday September 28, 6:09 pm ET
WILMINGTON, Del.--(BUSINESS WIRE)--HyPower Fuel, Inc. (OTCPK: HYPF) released revenue projections for the sale of its patented HyPower 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.
Douglas Bender, President of HyPower reports that management firmly believes that it will meet its 3-year projected sales targets as set forth in the company's business plan.
Excerpt from the HyPower Fuel, Inc. Business Plan:
Unit Revenues
Six Months Ended March 31, 2007 $ 1,100,000
Nine Months Ended December 31, 2007 $ 9,900,000
Year Ended December 31, 2008 $99,000,000
Unit Revenues (on a calendar year basis)
Year Ended December 31, 2006 $ 275,000
Year Ended December 31, 2007 $10,725,000
Year Ended December 31, 2008 $99,000,000
Recent purchase orders have been received and booked by the company for the HPP product.
"This has been an unbelievable week for our company and the word is out about our products," said Doug Bender, President of HyPower Fuel Inc. "We are very pleased with the recent purchase orders and are amazed at the unprecedented amount of inquiries we have received about our HyPower HPP products. We are very excited about the direction the company is heading and I am very confident we will attain our projected sales targets," added Bender.
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.
Contact:
Taylor Capital
Stephen Taylor, 973-351-3868
STEPHTAYL9@AOL.COM
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Source: HyPower Fuel Inc.
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