MISSISSAUGA, ON, May 30, 2011 /CNW/ - Hy-Drive Technologies Ltd. (TSXV:
HGS) today announced it has changed its name to blutip Power Technologies Ltd. ("blutip Power" or the "Company") effective today, May 30, 2011. The
name change has been accepted by the TSX Venture Exchange and was
approved by the Company's shareholders at its Annual General & Special
Meeting of Shareholders held on May 12, 2011.
The blutip Power common shares are scheduled to commence trading on the
TSX Venture Exchange under the new name at market open on June 1, 2011. At that time, the trading symbol for the common shares will change to BPR.
About blutip Power™
blutip Power 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
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.
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