HYPF Hypower Fuel Inc (CE)

HyPower Fuel, Inc. (OTCPK: HYPF) announced today that its Hydro Power Pak (HPP) product was previously approved by the California Air Resource Board (CARB) and maintains a CARB Exemption Order (EO) number for its hydrogen insertion device. The State of California has long had the most rigorous air pollution standards for the internal combustion engine. More jurisdictions are following California�s example in regulating after-market products for use with OEM equipment. Gov. Schwarzenegger signed AB 32 by Assembly Speaker Fabian Nunez (D-Los Angeles), California's landmark bill that establishes a first-in-the-world comprehensive program of regulatory and market mechanisms to achieve real, quantifiable, cost-effective reductions of greenhouse gases. AB 32 requires the California Air Resources Board (CARB) to develop regulations and market mechanisms that will ultimately reduce California's greenhouse gas emissions by 25 percent by 2020. Mandatory caps will begin in 2012 for significant sources and ratchet down to meet the 2020 goals. Gov. Schwarzenegger was recently quoted as saying: �Some have challenged whether AB 32 is good for businesses. I say unquestionably it is good for businesses. Not only large, well-established businesses, but small businesses that will harness their entrepreneurial spirit to help us achieve our climate goals. Californians invent the future and we are about to do it again� by investing in a clean hydrogen future, thus bringing jobs, investment, and continued economic prosperity to the state,� Schwarzenegger added. HyPower previously obtained its first CARB Exemption Order (EO) number for its Phase 1 Hydro Power Pak (HPP). This is significant because the EO number verifies that the device used in conjunction with an internal combustion engine does not increase the emissions of that engine from its factory standard. Without the CARB number, the company cannot sell their product in the State of California and a vehicle with a non-EO product installed cannot operate in the state. HyPower has recently made a vast number of improvements to the Phase 2 HPP and plans to test its new and improved product so it can receive a CARB EO number as well. The company will conduct tests on the Phase 2 HPP in its proprietary test cell and will document the results with regard to the reduction of emissions. The results will be verified by an approved CARB facility such as California Environmental Engineering or Southwest Research Institute. The company is confident that its goal to decrease harmful engine emissions will be verified by these tests and an additional CARB Exemption Order number will be obtained. �The State of California is a jurisdiction that every company must enter if it wishes to be an economic success,� said Mr. Doug Bender, President of HyPower Fuel, Inc. He went on to say that �because our technology is accepted in California it will almost automatically be accepted and grandfathered in every other jurisdiction in the world. This is very important for international sales and acceptance.� About the Hydro Power Pack (HPP) The 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. 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. (OTCPK: HYPF) announced today that its Hydro Power Pak (HPP) product was previously approved by the California Air Resource Board (CARB) and maintains a CARB Exemption Order (EO) number for its hydrogen insertion device. The State of California has long had the most rigorous air pollution standards for the internal combustion engine. More jurisdictions are following California's example in regulating after-market products for use with OEM equipment. Gov. Schwarzenegger signed AB 32 by Assembly Speaker Fabian Nunez (D-Los Angeles), California's landmark bill that establishes a first-in-the-world comprehensive program of regulatory and market mechanisms to achieve real, quantifiable, cost-effective reductions of greenhouse gases. AB 32 requires the California Air Resources Board (CARB) to develop regulations and market mechanisms that will ultimately reduce California's greenhouse gas emissions by 25 percent by 2020. Mandatory caps will begin in 2012 for significant sources and ratchet down to meet the 2020 goals. Gov. Schwarzenegger was recently quoted as saying: "Some have challenged whether AB 32 is good for businesses. I say unquestionably it is good for businesses. Not only large, well-established businesses, but small businesses that will harness their entrepreneurial spirit to help us achieve our climate goals. Californians invent the future and we are about to do it again... by investing in a clean hydrogen future, thus bringing jobs, investment, and continued economic prosperity to the state," Schwarzenegger added. HyPower previously obtained its first CARB Exemption Order (EO) number for its Phase 1 Hydro Power Pak (HPP). This is significant because the EO number verifies that the device used in conjunction with an internal combustion engine does not increase the emissions of that engine from its factory standard. Without the CARB number, the company cannot sell their product in the State of California and a vehicle with a non-EO product installed cannot operate in the state. HyPower has recently made a vast number of improvements to the Phase 2 HPP and plans to test its new and improved product so it can receive a CARB EO number as well. The company will conduct tests on the Phase 2 HPP in its proprietary test cell and will document the results with regard to the reduction of emissions. The results will be verified by an approved CARB facility such as California Environmental Engineering or Southwest Research Institute. The company is confident that its goal to decrease harmful engine emissions will be verified by these tests and an additional CARB Exemption Order number will be obtained. "The State of California is a jurisdiction that every company must enter if it wishes to be an economic success," said Mr. Doug Bender, President of HyPower Fuel, Inc. He went on to say that "because our technology is accepted in California it will almost automatically be accepted and grandfathered in every other jurisdiction in the world. This is very important for international sales and acceptance." About the Hydro Power Pack (HPP) The 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. 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.