Press Release Source: HyPower Fuel Inc.
HyPower Announces Hydrogen Research Partnership with Middle Tennessee State University
Tuesday April 3, 8:30 am ET
WILMINGTON, Del.--(BUSINESS WIRE)--HyPower Fuel Inc. (PINKSHEETS: HYPF - News) is pleased to announce that it has negotiated a research alliance with Middle Tennessee State University (MTSU). Through this alliance, HyPower Fuel and MTSU will jointly fund Dr. Cliff Ricketts' research into plug-in flex fuel vehicles using hydrogen.
"This research partnership will ultimately result in a number of high-profile demonstrations of a vehicle powered by hydrogen within the next eight months," said Dr. Ricketts. "At the conclusion of this first partnership period, our team will also endeavor to set a new land speed record by a hydrogen powered vehicle at the Bonneville Salt Flats in Utah," added Ricketts.
"We are extremely proud of being associated with MTSU and Dr. Ricketts'. We plan in the next few months to have our H2 Reactor team visit MTSU to apply our hydrogen technology on Dr. Ricketts' alternative fuel vehicle systems," said Mr. Douglas Bender, President of HyPower Fuel Inc. "We expect that the synergy of this research partnership will definitely elevate awareness and use of hydrogen technology in a variety of transportation applications."
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.
About Dr. Ricketts and Middle Tennessee State University (MTSU)
Dr. S. Clifton Ricketts has been a Professor at Middle Tennessee State University for over 30 years and has a B.S. and M.S. from the University of Tennessee and a Ph.D. from The Ohio State University. He has been involved with alternative fuel research since 1978 and his vast experience with alternative fuels include running engines off ethanol from corn, hydrogen from water and methane from cow manure. His work has been exhibited at the 1982 World's Fair and the Atomic Energy Museum in Oak Ridge. There is coverage of his work at the Smithsonian Institute and he is a 15 year holder of the Land Speed Record for a hydrogen vehicle at the Bonneville Salt Flats. Founded in 1911, MTSU is Tennessee's largest public university having a student population of approximately 25,000.
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.
Contact:
HyPower Fuel, Inc.
Stephen Taylor, 973-351-3868
STEPHTAYL9@AOL.COM
--------------------------------------------------------------------------------
Source: HyPower Fuel Inc.
