Alternative Fuel Technologies, Inc. Awarded Option to Phase I U.S. Army Contract
20 January 2010 - 8:36AM
PR Newswire (US)
Phase II contract award for $500,000-$700,000 currently being
formalized REDFORD, Mich., Jan. 19 /PRNewswire-FirstCall/ -- --
Alternative Fuel Technology, LLC, a wholly owned subsidiary of
Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announced
today that the Company has been awarded a $50,000 option to its
Phase I Army Small Business Innovation Research (SBIR) contract,
which was completed in late July 2009. This project involved
accelerated testing and analysis of a high pressure fuel injection
pump running on JP-8 jet fuel. The Army has a policy to use a
single fuel (JP-8) for all of their "vehicles" and engine-powered
equipment including turbine powered tanks, helicopters, trucks,
HUMVEES, and generators. "The Phase I accelerated testing
identified very high pump component wear, creating the need for
design improvements. These improvements will be made under a Phase
II contract that has been accepted and is now in the final
contracting stage," said James McCandless, Chief Executive Officer
of Alternative Fuel Technologies, Inc. The option award allows AFT
to continue concept design work while a Phase II contract is
formalized. In the Phase II project, AFT will redesign the
commercial diesel common rail pump to lower wear to acceptable
levels. To accomplish this goal, AFT will apply materials
technology and other lessons learned during the development of
their well known DME common rail fuel system. Phase II SBIR
contracts typically range from $500,000 to $750,000 to further
develop a concept, usually to the prototype stage. Proposals are
judged competitively on the basis of scientific, technical, and
commercial merit. Following completion of Phase II, small companies
are expected to obtain funding from the private sector and/or
non-SBIR government sources (in "Phase III") to develop the concept
into a product for sale in private sector and/or military markets.
The Company is also engaged in other advanced fuel system projects
for the U.S. Army to help resolve the durability and reliability
problems JP-8 presents for many types of commercial fuel injection
systems. AFT is uniquely qualified for these projects, as Mr.
McCandless was a pioneer in this type of diesel fuel injection
system. About Alternative Fuel Technologies, Inc. Alternative Fuel
Technologies, Inc. is a research & development organization
engaged in the design, development and prototype manufacturing of
advanced fuel systems for use with a new alternative fuel --
dimethyl ether (DME). The Company has developed practical, low-cost
fuel injection equipment for DME fueled vehicles and currently
provides complete DME fuel systems for testing and research
purposes in addition to retrofit systems that can be used with most
diesel engines. The Company's ultimate goal is series production of
DME fuel systems for the global automotive market by 2011. For more
information, visit http://www.altfueltechnology.com/ About DME:
Dimethyl ether is a new ultra-clean diesel fuel replacement that
can be produced from abundant resources. These include natural gas,
landfill methane, coal and biomass. At current oil prices, DME can
be produced and distributed at less than 1/2 the cost of
conventional fuel. When burned in a diesel engine, all soot
emissions are eliminated and NOx emissions are lowered dramatically
without the use of expensive exhaust aftertreatment devices. Safe
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of new or existing businesses, capital resources and future
business or financial results are "forward-looking" statements. You
should not place undue reliance on these forward-looking
statements. Such forward-looking statements are subject to risks
and uncertainties, including, but not limited to, customer
acceptance of our products, our ability to raise capital to fund
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general economic conditions and other risk factors which could
cause actual results to differ materially from those projected or
implied in the forward-looking statements. Although we believe the
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performance or achievements may not meet these expectations. We do
not intend to update any of the forward-looking statements after
the date of this press release to conform these statements to
actual results or to changes in our expectations, except as
required by law. CONTACT: intellibridgeIR 949-981-5062 DATASOURCE:
Alternative Fuel Technologies, Inc. CONTACT: intellibridgeIR,
+1-949-981-5062, , for Alternative Fuel Technologies, Inc. Web
Site: http://www.altfueltechnology.com/
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