HyPower Fuel Reaches Agreement in Principle (AIP) with International Business Development Firm for Biofuel Plant Sales
16 Abril 2008 - 9:13AM
Business Wire
HyPower Fuel, Inc. (PINKSHEETS: HYPF) is pleased to announce that
they have reached an Agreement in Principle (AIP) with an
international business development firm based in Hong Kong. A
company spokesman reported that �HyPower was approached recently by
this firm to provide biodiesel production solutions for a number of
their clients. Those clients desired a more cost effective and
profitable method for the production of biodiesel for markets in
Southeast Asia from a variety of local feedstocks. The business
development firm has reported to us that they currently have at
least three clients who wish to construct a biodiesel production
facility which could potentially utilize the HyPower Biofuel
Process.� Mr. Douglas Bender, President of HyPower, commented that
�We look forward to signing a firm Letter of Intent with the
business development firm and at least one of its many clients in
the near future. As this scenario develops we will keep our
shareholders advised of our progress. In addition to our
international opportunities, HyPower is confident that we will soon
be signing a North American contract for the use of HyPower Biofuel
Process using our Limited Partnership format we released recently.�
About the HyPower Biofuel Process The HyPower Biofuel process is a
cutting edge 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 environmental footprints of the process
should be at least 50% less than conventional means 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 INCA Designs, 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 including market acceptance
of the Company�s services and projects and the Company�s continued
access to capital and other risks and uncertainties. The actual
results the Company achieves may differ materially from any
forward-looking statements due to such 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.
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