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This stock has gone up over 100% since yesterday,....and it is still getting more volume and moving. May just be the one for today, probably another 100% or more. keep your eyes on it.
-------------------- Please do your DD. Break some bread with me!
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HyPower Receives Inquiry Regarding HPP Product from U.S. Department of Defense
Business Wire "US Press Releases "
WILMINGTON, Del.--(BUSINESS WIRE)--
HyPower Fuel, Inc. (OTCPK: HYPF) is pleased to announce that they have been contacted by a representative of the US Department of Defense with a view to purchasing HyPower Fuel's HPP units for hydrogen insertion in the US Army fleet of vehicles. Doug Bender, President of HyPower Fuel, stated that "of particular interest to the military was the fact that the two engines on which we have conducted extensive testing are also the engines most in use in the military vehicle fleet. HyPower has performed extensive tests on the Detroit Diesel Series 60 (used in heavy applications e.g. tanks) and the GMC 6.0 liter (utilized for light applications e.g. armored personnel carriers)." Mr. Bender went on to state that "the HPP unit is a perfect fit for the US military given their large fleet and the fact that the cost of fuel represents their single largest expenditure in fleet operating costs."
According to some press accounts, the U.S. administration is proposing $419.3 billion into purely military spending on goods and services in fiscal 2006.
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.
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.
Source: HyPower Fuel, Inc.
-------------------- Please do your DD. Break some bread with me!
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some say there is still potential in this one, anyway i think it's lookin for a solid bottom now, if i wasn't in yet i'd maybe bought some more
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