Hy-Drive Technologies (HGS-V)
MISSISSAUGA, ON, Feb. 1 /CNW/ - blutip Power Technologies, ("blutip Power") a division of Hy-Drive Technologies Ltd. (TSXV:HGS)
has been officially launched. blutip Power is the company's comprehensive platform for customer solutions to
improve emissions and save fuel across many engine applications. The
company also today announced a new website (www.blutipower.com), which provides a glimpse into the full suite of offerings blutip Power will provide.
"Through blutip Power, our commitment is to rapidly deploy emissions
reduction products that improve our energy economy at the same time,"
declared Robert Bucher, President & CEO of Hy-Drive Technologies.
blutip Power will utilize Hy-Drive's hydrogen generating technology originally
developed for the trucking industry and certified through extensive
emissions testing to expand into green products and services to meet
the needs of various markets, including power generation, public
transit, and mining. The company will continue working on diesel
combustion, but will also have the knowledge and expertise to expand
into multi-fuel controls, smart telematics and a control and monitoring
solution that is high precision, low cost, and mobile. Customers will
also be able to access blutip Power's leading engine combustion emissions analysis, environmental packaging,
lab services, and tailored program prototyping as required.
"We really want to expand our reach so that blutip Power products and services will be available to a wide range of channel
partners and customers around the world. Through co-operation,
dedication, partnerships, special alliances, and development with some
of the world's leading experts in environmental technology, we can
accelerate their configuration and deployment" said Bucher.
In recent weeks, the company has already joined forces with alternate
distributors for the hydrogen generating technology like GreenCell
Technologies and WorldKlass and is developing automated impact studies
and the necessary telematics package and services.
On the Web
Visit www.blutipower.com to see how the company plans to be part of the critical movement toward
saving energy and reducing emissions around the world.
About blutip Power
blutip Power Technologies, 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. The 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/Hy-Drive's products,
commercial production in 2011, future working capital requirements, and
validation of blutip/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 expectations, including the
matters discussed in the section "Risks and Uncertainties" below.
Although blutip/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/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
Tel: (905)542-3024 x268