blutip Power(3) Generates Major Diesel Fuel Savings on CAT XQ400, XQ1250 and XQ2000 for Stationary Gensets

MISSISSAUGA, ON, May 18 /CNW/ - blutip Power Technologies™ ("blutip Power"), a division of Hy-Drive Technologies Ltd. (TSXV: HGS) today released the results of its Combustion Controls testing on two additional Power Generators from the CAT 3500 series family continuing its expansion of the Power3 Program product offering.

blutip's Power's most recent Combustion Controls testing was conducted on the XQ1250 and XQ2000 at Toromont Caterpillar's Innisfil, Ontario facilities.  The CAT 3500 series Power Generators range from 850kW to 2.5MW.

The Combution Controls testing on the stationary gensets has resulted in up to 7% positive fuel optimization on the Caterpillar XQ1250 genset and up to 5% positive fuel optimization on the Caterpillar XQ2000 genset.  Overall test results show that, dependent upon load variables and engine type using current North American diesel fuel costs, direct cost savings of $100,000 to $400,000 per year, are achievable through its Power3 Program.  Full copies of the reports are available on-line at www.blutipower.com.

blutip Power initially announced the launch of its Power3 Program in February, for power generation, following its Power3 Impact Study on the Caterpillar XQ400 genset for the 400kW market.  The testing, which incorporated the use of its Hydrogen Generating System, integrated its Advanced Universal Combustion Controller ("AUC2").  The blutip Power3 product is now available for XQ400, XQ1250 and XQ2000 class of CAT Power Generators and development continues to strengthen and expand its Power3 Program.

About blutip Power

blutip Power, a division of Hy-Drive Technologies Ltd., is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS®") and advancement in multi-fuel universal combustion controls. blutip's Hy-Drive HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates).

Cautionary Note Regarding Forward-Looking Statements:

This press release contains certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the Company's business, and the economic environment in which the business operates. Forward-looking statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements including but not limited to, statements about future development of blutip Power's/Hy-Drive's products, commercial production in 2011, future working capital requirements, and validation of blutip Power's/Hy-Drive's products, and can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", "thinks", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved" and similar expressions to the extent that they relate to the Company or its management. These forward-looking statements are not historical facts, but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectation.

Although blutip Power/Hy-Drive has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.  blutip Power/Hy-Drive does not undertake to update any forward-looking information that is incorporated by reference herein, except in accordance with applicable securities laws.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Hy-Drive Technologies Ltd.

For further information:

Robert H. Bucher, P.Eng
President & CEO
Tel:  (905)542-3024 x222
Email: rbucher@blutipower.com
 

 

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Hy-Drive Technologies Ltd.

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