TSX Venture Exchange symbol: HGS
TORONTO, April 4 /CNW/ - Hy-Drive Technologies Ltd. (TSX-V: HGS) is
pleased to announce the addition of Mr. Gerard Sauer to its Hy-Drive Advisory
Panel (HAP). Mr. Sauer is a graduate of Internal Combustion Engineering at
Apeldoorn College in Holland, and is currently the Chief Executive Officer of
AFC Energy in the United Kingdom, a company specializing in the production of
an advanced, low-cost fuel cell system. With a long history of bringing new
products to the market, and a specialty in future vehicle technology and
energy conversion systems, Mr. Sauer adds considerable depth to the Hy-Drive
"As a leader and innovator in the market for hydrogen energy, Mr. Sauer
adds an extraordinary level of insight to our team," said Tom Brown, President
of Hy-Drive. "Gerard has proven time and again that the use of gateway
principles ensures that innovations are brought very quickly to a commercial
reality. In addition, Mr. Sauer's extensive list of industry contacts will
help provide Hy-Drive with another direct conduit to the world leading
hydrogen market in Europe."
Mr. Sauer has in the past been involved in the development and tuning of
race cars, benchmark engineering of Ford diesel engines, the introduction of
Lotus cars to the Dutch marketplace, and has for the past six years been a
leader in the fuel cell industry. His current company, AFC Energy, has
positioned itself to become the gold standard for hydrogen waste conversion in
the chlor-alkali industry.
Hy-Drive is an energy technology firm that has developed a proprietary,
patented hydrogen generating system. The Hy-Drive system 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 further information, visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release may constitute
forward-looking statements. Such statements reflect Hy-Drive's current views
with respect to future events and are subject to certain risks, uncertainties
and assumptions. Many factors could cause Hy-Drive's actual results,
performance or achievements to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements, including among other things, those which are
discussed under the headings "Risk Factors" and elsewhere in documents that
Hy-Drive files from time to time with securities regulatory authorities.
Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Hy-Drive does not intend, and
does not assume any obligation, to update these forward-looking statements.
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.
For further information:
For further information: Investor Relations: Glen Akselrod, Bristol
Capital Ltd., Tel: (905) 326-1888, firstname.lastname@example.org OR Tom Brown, President,
Hy-Drive Technologies Ltd, Tel: (905) 542-3024, ext. 300,
email@example.com; Media Relations: Teresa Madaleno, KTML Communications
Ltd., Tel: (416) 877-3915, firstname.lastname@example.org