HYPF Hypower Fuel Inc (CE)

HyPower Fuel Inc. (PINKSHEETS: HYPF) is pleased to announce that it has shipped the additional equipment required to substantially complete its 2007 financing mandate with Dr. Cliff Ricketts, Professor at Middle Tennessee State University. �With HyPower�s financial and technical assistance we have been able to move forward quickly with our hybrid, flex-fuel vehicle project. With the advent of this project I hope to prove later this year that I can drive across Tennessee using only the sun and water as my fuels,� said Dr. Clifford Ricketts, Professor at MTSU. �I am currently investigating the possibility of incorporating HyPower�s H2 Reactor on-board the hybrid vehicle to serve as an additional on-demand fuel source to increase the vehicle�s range,� added Ricketts. �We are extremely excited about our involvement with Dr. Ricketts in conjunction with his groundbreaking projects� said Mr. Douglas Bender, President of HyPower. �I am confident Dr. Ricketts high profile will be further elevated by his cross Tennessee initiative and by other joint projects that we are planning with him in the future. We believe that Dr. Ricketts inclusion of our company in these and other important alternative fuel projects further confirm that we are a leader in hydrogen technology research and development.� About Dr. S. Clifton Ricketts Dr. S. Clifton Ricketts has been a Professor at Middle Tennessee State University for over 30 years and has a B.S. and M.S. from the University of Tennessee and a Ph.D. from The Ohio State University. He has been involved with alternative fuel research since 1978 and his vast experience with alternative fuels include running engines off ethanol from corn, hydrogen from water and methane from cow manure. His work has been exhibited at the 1982 World�s Fair and the Atomic Energy Museum in Oak Ridge. There is coverage of his work at the Smithsonian Institute and he is a 15 year holder of the Land Speed Record for a hydrogen vehicle at the Bonneville Salt Flats. Dr. Ricketts� biography and resume may be found on www.hypowerfuel.com. About the H2 Reactor (H2R) The H2 Reactor is an electrolyzer that uses a unique process of electrolysis to create hydrogen and oxygen gases from water. After extensive technical research and development work, HyPower believes that the H2 Reactor�s electrolysis process is technologically the most efficient to date in terms of oxy-hydrogen production to an electrical input. The H2 Reactor has the potential of being approximately 2 times more efficient than the current state of the competing technology. The H2 Reactor can be used in any manufacturing, business or household application involving heat or combustion. HyPower also hopes to adapt this technology for transportation purposes by enabling vehicles to burn oxyhydrogen produced on-board and on-demand either in a hybrid or a sole source fuel scenario. 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. 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.