| Pickering,
Ontario CANADA--Dynamic Fuel Systems Inc. (DYA - TSX Venture), ("Dynamic"
or the "Corporation") hereby advises that the Court has rescheduled the
Canadian Hydrogen Energy Company Ltd. ("CHEC") injunction hearing date.
Dynamic advises on the following developments:
1. On March 21, 2006, CHEC through
its counsel, requested an adjournment of the hearing date for the interlocutory
injunction motion brought by Dynamic, Hy-Drive Technologies Ltd.
("Hy-Drive"), Greenbriar Holdings Limited ("Greenbriar") and Global Tech
Environmental Products Inc. ("Global Tech") (collectively, the "Plaintiffs").
2. Dynamic advises that the Court
has rescheduled the hearing date for the Plaintiffs' interlocutory injunction
to May 10, 2006.
3. The interim injunction granted
to the Plaintiffs in December 2005 continues to be in effect restraining
CHEC from being able to:
(1) Dispose, assign, transfer or
otherwise encumber any of its assets utilizing any patent applications
and/or registrations, trade mark applications and/or registrations or agreements
prior to this date, manufacturing equipment, office equipment (the "Assets")
save and except the sale of inventory and production of any hydrogen unit
for use in association with any combustion engine, provided CHEC maintain
a complete accounting of all sales and costs; and
(2) Disclose to any third party
any technology or confidential information associated in any manner with
the Assets.
4. The Plaintiffs have joined forces
to promote the field of technology for hydrogen devices for use in association
with internal combustion engines and to restrain CHEC from, among other
things, exploiting assets which are alleged to have been unlawfully acquired
from Global Tech.
5. Dynamic remains vigilant in the
protection of its valuable confidential information, technology and business
and continues to enforce its rights against third parties.
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is a Pickering,
Ontario based energy sector company engaged in the manufacture, distribution,
installation and marketing of a transportable hydrogen generator retrofit
targeted for use in the heavy tractor trailer industry. Its flagship
product, the Jetstar(tm), is a patent-pending aftermarket retrofit solution
that provides combustion enhancement by mixing hydrogen and oxygen into
a vehicle's intake air to provide the engine with a more complete burn
of the fuel in its internal combustion engine. Its business was founded
in 2001 and more information about its products can be viewed at its website
at www.dynamicfuel.com

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