HyPower Fuel Encouraged by Targets Progress
28 September 2011 - 11:37PM
Marketwired
HyPower Fuel Inc. (PINK SHEETS: HYPF)
HyPower hereby provides an update into the status of its
negotiations to acquire two companies. Mr. Douglas Bender, CEO of
HyPower, commented that "we have met with the principals of both
companies recently and are encouraged by their forward progress.
TC1 is a category leading company with over 30 years of experience
in the green deconstruction-recycling industry and has been
involved in such projects across North America and
internationally."
Mr. Bender went on further to comment on TC2 by saying that
"while development of TC2's technology has taken longer than
expected it's overall benefits will dramatically change the air
power industry that has not seen a leap forward like this for over
50 years. HyPower is immensely pleased to be a partner in this
exciting technology and is currently assisting TC2 in locating and
negotiating with overseas licensees and for major investment
funding."
About HyPower Fuel Inc.
HyPower is a category leading company in the energy technology
sector, providing innovative, clean alternative energies through
unique methods. Currently HyPower has hydrogen insertion/production
and biodiesel technologies in development and/or in the product
commercialization stage. For more information please visit:
www.hypowerfuel.com and/or contact us at:
hypower@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
actual results achieved 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.
Contacts: Newstrack Communications (587) 987-8585 HyPower Fuel
Inc. hypower@hypowerfuel.com www.hypowerfuel.com
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