HyPower Fuel Files Biofuel Patent in Multiple Countries
10 March 2009 - 12:31AM
Marketwired
Mr. Douglas Bender, President of HyPower Fuel (PINKSHEETS: HYPF),
today announced that, "We are very pleased to inform our
shareholders that upon consultation with our patent and technical
advisors, we have instructed our Calgary Patent Attorney at Borden
Ladner Gervais LLP to file for patent protection in North America
and multiple countries in Asia including Malaysia, Indonesia,
China, South Korea and India."
Mr. Bender expressed confidence in the value of the patents
being sought and stated that, "HyPower has rigorously tested the
process on every feedstock available. We are gratified that the
exhaustive work done by our European and Canadian team of
scientists, researchers and project managers has resulted in a
ultra-green process that we strongly believe will be financially
rewarding for the Company and its shareholders. As an assignee of
the resultant patents HyPower will be able to market, license and
sell production rights for this unique and environmentally friendly
technology."
Mr. Bender closed by saying, "Ultimately, as with our other
patents and patent applications, we wish to file this patent
application in every large, industrial jurisdiction. We intend to
pursue a patent in every country that produces and sells a large
volume of biodiesel. This is a key asset component of our biodiesel
marketing program in North America and Asia and is another step
forward enabling us to complete a sale or license in those
lucrative jurisdictions."
About the HyPower Biofuel Process
The HyPower Biofuel process is a "next generation" biodiesel
technology that has a number of competitive advantages over
conventional biodiesel production methods. The HyPower process uses
essentially no catalysts or water to produce biodiesel. All inputs
are recovered or converted to saleable products. The capital and
operating costs and the environmental footprint of the process
should also be significantly less than conventional methods of
biodiesel production.
About HyPower Fuel, Inc.
HyPower Fuel, Inc. is a category leading company in the energy
technology sector, focusing on providing innovative, clean
alternative energies through unique methods. Currently HyPower has
hydrogen insertion and production technologies and biodiesel
production technologies in development and/or in the product
commercialization stage. For more information please visit:
www.hypowerfuel.com.
Safe Harbor
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy securities of HyPower Fuel, Inc.
Certain statements in this release and other written or oral
statements made by or on behalf of the Company are "forward-looking
statements" within the meaning of the federal securities laws.
Statements regarding future events and developments and our future
performance, as well as management's expectations, beliefs, plans,
estimates or projections relating to the future are forward-looking
statements within the meaning of these laws. The forward looking
statements are subject to a number of risks and uncertainties. The
actual results the Company achieves may differ materially from any
forward-looking statements due to these risks and uncertainties.
These statements are based on our current expectations and speak
only as of the date of such statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of future events, new information or
otherwise.
Investor Relations: Taylor Capitol, Inc. Stephen Taylor
973-351-3868 Email Contact
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