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Government initiatives create huge market for Hydrogen Fuel Injection
BOWMANVILLE, ONTARIO--Hydrogen
Hybrid Technologies Inc. (OTCBB:HYHY - News) President Ira Lyons announced
the signing of a Memorandum of Understanding with Winner Ltd., a manufacturer
and distributor of propane fuel injection products in the light and heavy
truck markets in Korea.
Under this MOU, E Fuel Cell Technologies
will immediately begin the process of pursuing the necessary government
approvals for the use of HHT's world-leading Hydrogen Fuel Injection (HFI)
technology in Malaysia as well as developing a distribution network for
the products in that country and throughout South East Asia. HHT will also
work with E-Fuel Cell to identify potential cost savings through local
sourcing of components as part of it's ongoing commitment to making HFI
the most cost-effective emissions control and fuel savings product line.
HFI technology is installed as an
add-on to diesel and gasoline engines where it significantly reduces a
wide variety of emissions (CO, PM, HC, CO2 and NOx) while simultaneously
reducing fuel consumption by a minimum of 10%. HFI units are being used
by over 150 fleets of long-haul transport trucks, ambulances, municipal
buses and other heavy equipment, earning HFI the dominant position as the
world's most widely-used on-board electrolysers. The technology is based
on electrolysis and the units split water, on-board the vehicle, then vent
the hydrogen and oxygen directly into the air intake of the engine. Adding
hydrogen significantly improves the efficiency of combustion, in the engine,
with significant financial and environmental benefits.
HFI is distributed through the world's
largest retail distribution network for any hydrogen product, with over
140 Certified Installation Centres all across Canada, the United States
and Mexico. Recently, geographical distribution has been expanded and units
are installed in Europe, South America and China. The product is the first
emission control technology to receive "Environmental Technology Verification"
(ETV) by the Canadian government and the first hydrogen technology to receive
ETV recognition anywhere in the world.
Company President, Ira Lyons, said
"Korea has adopted some of the most progressive emissions control regulations
in the world and, by the end of 2007, another 360,000 trucks will need
retrofitting to meet these tough new standards. With the help of Winner
Ltd., we are confident that our HFI products will be added to the list
of acceptable technologies and will gain a large share of this important
retrofit market". "In the longer term, the fact that Winner Ltd. is an
established vendor, with experience dealing with all the Korean Original
Equipment Manufacturers will accelerate the rate at which partnerships
with Korean truck, bus and car makers will be developed", Lyons added.
About Hydrogen Hybrid Technologies
Ltd: The OEM licensee of the world's most advanced on-board hydrogen generating
system, the Hydrogen Fuel Injection system. This technology is patented,
or patent-pending, worldwide and has been actively marketed for over seven
years. The system offers unparalleled benefits for virtually any internal
combustion engine, with increased horsepower, decreased emissions and a
minimum 10% improvement in fuel economy guaranteed. The company's products
are marketed through a network of certified installation centres in Canada,
the U.S. and around the world.
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