HYPF Hypower Fuel Inc (CE)

HyPower Fuel Inc. (HYPF: OTCPK) has received a conditional purchase order for 250 Hydro Power Pak (HPP) units from Skyways Technical Services, Inc. (Skyways) a northern oil and gas service company. The purchase order is contingent on HyPower's HPP units meeting certain emissions criteria when used in conjunction with the John Deere Model 4045P stationary diesel engine. �We were impressed by the HPP unit and its possibilities for saving fuel costs in the energy rich north. Fuel is very expensive in the north and fuel costs in business and for living form a much larger percentage of expenditures than in other parts of Canada and the United States,� explained Mr. Ken Rombough, President of Skyways. HyPower�s current product the Hydro Power Pak (HPP) is a retrofit hydrogen insertion device developed for use on tractor trailer rigs as well as stationary diesel engines to improve fuel economy, reduce harmful emissions and increase engine performance and horsepower. Although the HPP does not eliminate the need for gasoline, diesel or other fuels it does provide the onboard production of hydrogen that supplements the primary fuel source. HyPower believes the HPP is more efficient than any existing form of electrolysis-based hydrogen production/insertion technology. The HPP is a transition technology paving the way for future retrofit hydrogen production technologies that will allow engines to be fueled totally with hydrogen produced on board, on demand. �We have been working with Skyways for a few years and are gratified that they have decided to come on board and distribute our HPP product,� states Doug Bender, President of HyPower Fuel, Inc. �We believe that this relationship with Skyways and their extensive list of oil and gas clients, including companies such as Apache Energy (NYSE: APA) and Enerplus (NYSE: ERF), stands as a milestone for us in our sales effort in the lucrative oil and gas industry,� continued Mr. Bender. This purchase will represent approximately $875,000 US in revenue for HyPower. �This purchase order, further signifies that we are well on our way to meeting our revenue projections as set forth in our business plan,� explained Doug Bender. About Skyways Technical Services, Inc. Skyways Technical Services, Inc. is a private company headquartered in Carcross, Yukon in Canada that provides equipment and services to oil and gas companies, mining companies and isolated communities in the far northern regions of Canada (the Yukon and Northwest Territory) and Alaska. Skyways provides end to end business solutions for its customers including the set up of operations and the maintaining and transporting of remote camps, well sites, drilling equipment, mining sites and mining equipment. About HyPower Fuel, Inc. HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen related products. HyPower has successfully commercialized the integration of hydrogen production and hydrogen insertion technologies using electrolysis to improve the overall performance and efficiency of the internal combustion engine while burning gasoline, diesel, natural gas, liquid propane, ethanol, methanol or a combination of fossil fuels and biofuels. HyPower�s signature product, the Hydro Power Pak (HPP), has demonstrated a significant impact on the performance of engines while at the same time increasing fuel economy, significantly reducing harmful emissions, inducing a cleaner more efficient burn, and increasing torque and horsepower. The HPP results in greater productivity, less carbon residue and sludge build-up and overall increased operating efficiency. HyPower is also engaged in the research and development of hydrogen production technology and biofuel products. For more information please visit: www.hypowerfuel.com Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. HyPower Fuel Inc. (HYPF: OTCPK) has received a conditional purchase order for 250 Hydro Power Pak (HPP) units from Skyways Technical Services, Inc. (Skyways) a northern oil and gas service company. The purchase order is contingent on HyPower's HPP units meeting certain emissions criteria when used in conjunction with the John Deere Model 4045P stationary diesel engine. "We were impressed by the HPP unit and its possibilities for saving fuel costs in the energy rich north. Fuel is very expensive in the north and fuel costs in business and for living form a much larger percentage of expenditures than in other parts of Canada and the United States," explained Mr. Ken Rombough, President of Skyways. HyPower's current product the Hydro Power Pak (HPP) is a retrofit hydrogen insertion device developed for use on tractor trailer rigs as well as stationary diesel engines to improve fuel economy, reduce harmful emissions and increase engine performance and horsepower. Although the HPP does not eliminate the need for gasoline, diesel or other fuels it does provide the onboard production of hydrogen that supplements the primary fuel source. HyPower believes the HPP is more efficient than any existing form of electrolysis-based hydrogen production/insertion technology. The HPP is a transition technology paving the way for future retrofit hydrogen production technologies that will allow engines to be fueled totally with hydrogen produced on board, on demand. "We have been working with Skyways for a few years and are gratified that they have decided to come on board and distribute our HPP product," states Doug Bender, President of HyPower Fuel, Inc. "We believe that this relationship with Skyways and their extensive list of oil and gas clients, including companies such as Apache Energy (NYSE: APA) and Enerplus (NYSE: ERF), stands as a milestone for us in our sales effort in the lucrative oil and gas industry," continued Mr. Bender. This purchase will represent approximately $875,000 US in revenue for HyPower. "This purchase order, further signifies that we are well on our way to meeting our revenue projections as set forth in our business plan," explained Doug Bender. About Skyways Technical Services, Inc. Skyways Technical Services, Inc. is a private company headquartered in Carcross, Yukon in Canada that provides equipment and services to oil and gas companies, mining companies and isolated communities in the far northern regions of Canada (the Yukon and Northwest Territory) and Alaska. Skyways provides end to end business solutions for its customers including the set up of operations and the maintaining and transporting of remote camps, well sites, drilling equipment, mining sites and mining equipment. About HyPower Fuel, Inc. HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen related products. HyPower has successfully commercialized the integration of hydrogen production and hydrogen insertion technologies using electrolysis to improve the overall performance and efficiency of the internal combustion engine while burning gasoline, diesel, natural gas, liquid propane, ethanol, methanol or a combination of fossil fuels and biofuels. HyPower's signature product, the Hydro Power Pak (HPP), has demonstrated a significant impact on the performance of engines while at the same time increasing fuel economy, significantly reducing harmful emissions, inducing a cleaner more efficient burn, and increasing torque and horsepower. The HPP results in greater productivity, less carbon residue and sludge build-up and overall increased operating efficiency. HyPower is also engaged in the research and development of hydrogen production technology and biofuel products. For more information please visit: www.hypowerfuel.com Safe Harbor Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.