Hy-Drive's HGS Delivers More Than Eleven Percent Fuel Savings Confirmed by Third-Party Validation Customer Also Reports Improved Engine Performance
Hy-Drive Technologies Ltd. (HGS-V)
MISSISSAUGA, ON, March 25 /CNW/ - Hy-Drive's Hydrogen Generating System (HGS(R)) again proves that it can significantly improve fuel economy and reduce emissions. Professional Service Industries, Inc. (PSI) of Portland, Oregon concluded their Third-Party audit on results reported during a series of extensive tests that were completed on trucks operated by Ontario Waste Management (a division of Courtice Auto Wreckers Ltd.) of Oshawa, Ontario. The recently conducted tests followed SAE Type IV Fuel Testing protocols and concluded that HGS delivered an overall average fuel saving of 11.9%, with an opacity reduction of 45%. Opacity is a means to measure particulate emissions in the air. PSI is an industry-leading engineering, consulting and testing firm with 125 offices.
"I am absolutely convinced that Hy-Drive's technology significantly reduces fuel consumption and lowers particulate emissions," said Harvey "Skip" Ambrose, President of Ontario Waste Management (OWM). Test results on Cat powered company trucks that were equipped with HGS units were so compelling that OWM recently placed an order for 18 units. Mr. Ambrose added that "HGS technology will allow us to get meaningful savings and reduce the environmental impact of our fleet of waste haulage trucks in Ontario."
HGS definitely delivers upon its fuel economy promise in a real-world setting, according to one of the drivers at OWM. "I tested an HGS unit on my truck, which is powered by a 475-horsepower Cat engine, and achieved an average 13.5% improvement in fuel economy" said Dave Tomchyshen. "On my regular run, there's a long grade, about four miles; my truck always use to labour around fifty (50) miles per hour pulling the grade," he said. "After installing the HGS unit, I was able to take the grade at over sixty (60) miles per hour every time without the engine labouring at all. From the moment we turned the unit on there was a tangible difference in power."
Glenn Windrem of Windrem Trucking in Peterborough, Ontario, concurs with Tomchyshen's assessment of HGS benefits. "We haul aggregates, iron, stone and heavy equipment for the construction industry and we've been testing two of the HGS units. On a typical day, one of our trucks with HGS burns 14 gallons less fuel than an identical truck without HGS. In addition to the identical specifications, these trucks are working the exact same job, traveling the same routes and pulling the same loads," said Mr. Windrem, "The truck with the HGS installed gets better fuel mileage and, in fact, the fuel saving ends up being about $43 per day."
Hy-Drive's HGS generates and injects small amounts of hydrogen gas on-demand into the air intake of an engine. The enriched air/fuel mixture burns more efficiently thereby allowing the engine to extract more clean energy from the fuel while reducing emissions. The result is improved fuel economy, lower emissions and improved engine performance.
"We are pleased to receive another third-party validation", commented Fred Florence Hy-Drive's Chief Operating Officer, "but, more importantly, we are very excited to see early adopters of the HGS technology get "real world" savings. These customers' positive results are critically important for us as we move towards full commercialization."
Hy-Drive is a technology firm that has developed a proprietary, patented hydrogen generating system. Hy-Drive's Hydrogen Generating System ("HGS(TM)") generates and injects hydrogen gas into a regular internal combustion engine, enhancing the combustion process by allowing fuel to burn more efficiently and completely. For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information concerning Hy-Drive's marketing and technological development efforts. Generally, forward-looking information 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", 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". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Many of these assumptions are based on factors and events that are not within the control of Hy-Drive and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information include risks associated with the marketing, development and commercialization of Hy-Drive existing and prospective product lines, numerous risks associated with best efforts financing activities, including agreement on the size and terms of any offering, the ability to raise sufficient funds as well as receipt of all required regulatory and other approvals as well as those risk factors discussed in Hy-Drive's Management's Discussion and Analysis for the period ended September 30, 2009 at www.sedar.com. Although Hy-Drive has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Hy-Drive undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.
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SOURCE HY-DRIVE TECHNOLOGIES LTD.
For further information: For further information: Hugo Sorensen, President & CEO, Hy-Drive Technologies Ltd., Tel: (905) 542-3024, email@example.com; Fred Florence, CA, COO & CFO, Hy-Drive Technologies Ltd., Tel: (905) 285-2172, firstname.lastname@example.org