eCarfly Announces Terra Fuel Technologies to Merge with eCarfly, Agreements with WASTE MANAGEMENT to Be Reviewed
Wednesday March 7, 6:00 am ET
DALLAS--(BUSINESS WIRE)--eCarfly, Inc. (PINK SHEETS: ECFL - News) is pleased to release today that Terra Fuel Technologies, (TFT) is proudly under merger negotiations with eCarfly. TFT is considered to be the leading standard within the technology industry as a prominent developer of secondary fuel source providers. Through existing business relations with WASTE MANAGEMENT, TFT is currently reviewing agreement possibilities for implementing the Co-Fuelling Engine Technology to the WASTE MANAGEMENT fleet of waste collection vehicles. Fleet trials from WASTE MANAGEMENT and other high profile organizations, will further guarantee the success of the Co-Fuelling Technology.
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The Terra Fuel Technologies EDITek operates a secondary ethanol fuel delivery system, which vaporizes ethanol and introduces it into the air intake of the diesel engine with positive results, some of which are scientifically yet to be explained. The technology compromises the adaptation and modification of non-invasive components that make for a simple and cost effective installation, whether as a production line or retrofit. The TFT technology is an economically viable alternative that does not require any engine modifications and can potentially meet the operational and economic demands of major organizations with large diesel fleets.
Principal markets are North & South America, Europe and Oceania, however, markets based on renewable fuel requirements are emerging all over the world. The TFT commercialization strategy is focused first on introducing the technology into major fleets, particularly those that are publicly funded. Economics and legislation, particularly in the USA, are driving the use of alternative fuels, such as ethanol in diesel engines.
WASTE MANAGEMENT, the leading provider of comprehensive waste and environmental services in North America, holds a network of operations which includes 413 collection operations, 370 transfer stations, 283 active landfill disposal sites, 17 waste-to-energy plants, 131 recycling plants, 95 beneficial-use landfill gas projects and 6 independent power production plants. These assets enable WASTE MANAGMENT to offer a full range of environmental services to nearly 21 million residential, industrial, municipal and commercial customers. Successful fleet trails with a waste conglomerate like WASTE MANAGEMENT would tremendously increase market recognition and potentially generate massive revenues.
Website's for both eCarfly and TFT are presently under construction to form one united website that will function for both companies' needs. Web developments will be completed in the very near future.
"eCarfly is extremely honored to be merging with an industry leading company like Terra Fuel Technologies. Uniting forces with a company of its caliber will only bring positive results to our organization as well as to our market value. As described above, TFT holds one of the world's most sought after technologies, and has created a highly impressive and cost effective means to its implementation. Potential agreements as well as many showcases will ensure the long term success of our newfound venture with Terra Fuel Technologies. Websites for both companies are currently being developed by the same web group located out of Dallas, TX. Upon the completion of the site, the public will be able to access updated technology releases, project forecasts and all basic information regarding both companies. Our 8 day stretch of successful trading has been a very positive influence on the merger and we foresee this track record as a mere beginning to a bright future for eCarfly and our shareholders," stated Desmond Milligan, CEO of eCarfly, Inc.
Disclaimer:
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
