CALGARY, Oct. 19 /CNW/ - Dynetek Industries Ltd. ("Dynetek"), a leader in
developing, producing and marketing lightweight compressed natural gas (CNG)
and compressed hydrogen storage cylinders, announced today that it has
completed the delivery of the previously announced 450 bar Hydrogen Tube
Trailer System to the IWHUP project.
The delivery of the Dynetek "BT450" Tube Trailer System to the IWHUP
project, is a further demonstration of how Dynetek's "Instant
Infrastructure(TM)" products, can enable customers to refuel Hydrogen powered
vehicles easily and cost effectively.
The Bulk Transport Systems utilize removable modules - also called
Powercubes to transport Hydrogen to various usage points along B.C.'s Hydrogen
Highway. One of the hurdles identified for the widespread adoption of Hydrogen
as a motor vehicle fuel is the refueling infrastructure. These modules are a
key link between the Hydrogen production and the various points of use in the
Integrated Waste Hydrogen Utilization Project (IWHUP). "This project is an
example of how Dynetek has solved the refueling challenge for Hydrogen powered
vehicles, which are contributing to a cleaner environment today," said Dr.
Christian Rasche, Dynetek's President and CEO.
The demonstration project will operate eight light-duty trucks, Hydrogen
Fuel Cell cars, and a Hydrogen stationary power fuel cell. Dynetek has also
supplied cylinders for the project vehicles. Because of the high volume
Hydrogen transported by this system, it is easier to carry out the deployment
of larger fleets of Hydrogen vehicles.
Dynetek together with consortia partners Westport Innovations and
Sacré-Davey Engineering, are pleased to announce their participation in the
official Kick-off Event of the Integrated Waste Hydrogen Utilization Project
(IWHUP) that is part of the BC Hydrogen Highway suite of initiatives.
The five-year IWHUP has over 20 partners and culminates with this two
year fully integrated demonstration phase. The IWHUP, a key part of the BC
Hydrogen Highway, strengthens Canada and British Columbia's lead in the
advancement and adoption of hydrogen technologies, and is garnering world-wide
attention as the model of the much needed stepping stone required to move
society towards the Hydrogen Age - one of the fundamental keys to reducing
climate change and a sustainable future.
Dynetek Industries Ltd. designs, produces and markets one of the lightest
and most advanced fuel storage and refueling systems for compressed natural
gas, low emission vehicles and compressed hydrogen, zero-emission fuel cell
vehicles. Dynetek is recognized around the world for its solutions-of-choice
to the alternate fuel vehicle sector, evidenced by strategic relationships
with major manufacturers around the globe. Dynetek is listed on the Toronto
Stock Exchange, symbol: DNK.
Certain information contained herein may constitute forward-looking
statements under applicable securities laws. Such statements are subject to
known or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. Investors are encouraged to review the "Risk Factors" section of
the Management's Discussion and Analysis in the Company's most recent Annual
Report and interim reports for a discussion of risks that could affect the
Company's operations and financial results. Forward-looking statements are
based upon management's assumptions, expectations and estimates at the time
that such statements are made. Dynetek does not update forward-looking
statements should circumstances change or management's assumptions,
expectations or estimates change, except as required by law.
For further information:
For further information: Chris Rasche, President and CEO, Dynetek
Industries Ltd., Main Phone: (403) 720-0262, Toll Free: 1-888-396-3835 (North