Alternative Fuel Technologies, Inc. Receives New Order for DME Feed Pumps From the Korea Institute for Energy Research
19 May 2010 - 5:45AM
Alternative Fuel Technologies, Inc. (Pink Sheets:AFTC) announced
today that they have received an order to supply four DME feed
pumps from the Korea Institute for Energy Research (KIER) for use
in the development of DME fueled light duty (mini) trucks.
The pumps have been manufactured and shipped to Korea.
"KIER is interested in AFTC's DME technology as a
replacement for diesel fuel and views DME as an economic means by
which the country may improve air quality and gain increased energy
security in the future," said James McCandless, Chief Executive
Officer of Alternative Fuel Technologies, Inc. "In addition,
government officials realize the potentially massive economic
benefits associated with widespread adoption of DME as a fuel
source. "
KIER has previously purchased 11 DME feed pumps
from AFTC in the recent past. This new order brings the total to 15
units. Altogether, the Company has sold about 30 DME feed pumps to
customers in Asia and Europe.
In addition, a large Asian diesel engine
manufacturer recently requested a production quote for 50-100 pumps
per month.
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 KIER
The Korea Institute of Energy Research is a
Government entity focuses on advanced energy Research and
Developments projects with the goal of mass implementation and
commercialization of efficient, clean energy alternatives. For more
information, visit:
http://www.kier.re.kr/open_content/eng/main_page.jsp
About DME
DME 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.
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acceptance of new or existing businesses, capital resources and
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statements. You should not place undue reliance on these
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subject to risks and uncertainties, including, but not limited to,
customer acceptance of our products, our ability to raise capital
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could cause actual results to differ materially from those
projected or implied in the forward-looking statements. Although we
believe the expectations reflected in the forward-looking
statements are reasonable, they relate only to events as of the
date on which the statements are made, and our future results,
levels of activity, performance or achievements may not meet these
expectations. We do not intend to update any of the forward-looking
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statements to actual results or to changes in our expectations,
except as required by law.
CONTACT: intellibridgeIR
949-981-5062
aftc@intellibridgeir.com
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