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[QUOTE]Originally posted by NEL: [QB] Back up 18% today on after market news... HyPower Negotiates First Canadian Franchise 4:01 p.m. 12/27/2006 Provided by WILMINGTON, Del., Dec 27, 2006 (BUSINESS WIRE) -- HyPower Fuel, Inc. (PINKSHEETS: HYPF) is pleased to announce that they have received an offer from New Wave Innovations, Inc. for their franchising opportunities generated by its Installation Service and Warranty (ISW) Program. "We are proud to announce that we have received a very strong offer and commitment from New Wave Innovations Inc. for the ISW franchise rights to the bulk of the Canadian north country, excluding the Yukon," said Mr. Doug Bender, President of HyPower Fuel, Inc. "We have been working with Mr. Al Magneson, President of New Wave, for some time now and he has been traveling extensively in the north to generate interest in our Hydro Power Pak, mostly for use with stationary diesel engines," added Mr. Bender. "We have been servicing northern communities for a long time and we know of the high cost of living and conducting business in this part of the world, so we are excited about representing HyPower and a product like the Hydro Power Pak," said Mr. Magneson, President of New Wave Innovations, Inc. "Power generation in northern communities comes from on-site stationary diesel generators and the Hydro Power Pak will significantly reduce their fuel usage, which in many cases represents 40% of their overall operating costs." About the Hydro 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. 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 contact Investor Relations at (973) 351-3868 or visit: [URL=http://www.hypowerfuel.com]www.hypowerfuel.com[/URL] . [/QB][/QUOTE]
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