Hy-Drive Annual General & Special Meeting of Shareholders

Hy-Drive Technologies Ltd. (HGS-V)

MISSISSAUGA, ON, May 5 /CNW/ - Hy-Drive Technologies Ltd. Annual General & Special Meeting of Shareholders is being held on Thursday, May 12, 2011 at 11:00am (ET time) at Hy-Drive's offices, located at 6705 Millcreek Drive, Unit 4, Mississauga, Ontario, and will be available via conference call or webcast as follows:

North American Investors can access the meeting via conference call by dialing 647-427-7450 or toll free 888-231-8191 and request the Hy-Drive AGM call. Alternately, the call is also being webcast by CNW Group and can be accessed at Hy-Drive's website, www.blutipower.com or directly at:

http://event.on24.com/r.htm?e=307451&s=1&k=643F3E645FE0FCD33236FB4DEDD3B409

Audio replay will be available until May 26, 2011 by dialing 416-849-0833 or toll free 800-642-1687 and then entering the pass code 56574073

The Company invites investors to submit questions they would like answered on any company related business by email to corporatesecretary@blutipower.com by 5:00 pm on May 11, 2011.

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).

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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