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Oshawa, Ontario--(Newsfile Corp. - January 30, 2012) - Dynamic Fuel Systems Inc. (TSXV: DYA) ("Dynamic" or the "Corporation"), announces that it has completed the delivery and installation of 178 HydraGen™, hydrogen generating units on transport trucks for Pepsi Beverages Company. These deliveries and installations were managed through its Michigan based reseller; Hydrogen Fuel Systems Inc. (“HFS”) as part of an upgrade program on Class 8 Vehicles that are specifically equipped with a number of fuel and emission reduction measures; including the Corporation’s HydraGen™, hydrogen generating unit.
“The delivery of the Corporation’s flagship product, HydraGen™ to Pepsi Beverages Company is a significant milestone and paves the way for future shipments and product enhancements of the HydraGen™ hydrogen generating unit. We will work closely with the customer to ensure that benefits are maximized. Throughout fiscal years 2010 and 2011, the Corporation’s primary goal was the commercialization of the HydraGen™ product. The completion of the initial order of 178 systems will allow us to manage the results achieved on the trucks and also provide a solid foundation for future shipments and product enhancements.” stated Mr. Grove Bennett, President of Dynamic.
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is an Oshawa, Ontario; Canada based energy Sector Company engaged in the sales and marketing, manufacture, distribution, installation and support of a transportable hydrogen generator aftermarket product targeted for use in the heavy tractor trailer industry. Its flagship product, the HydraGen™, is a patent-pending aftermarket retrofit solution that generates hydrogen and mixes hydrogen into a vehicle's intake manifold. The scientific and product development of the HydraGen™ is consistent with the Corporation's on-going commitment and dedication to improve the Corporation's current and future product offerings. Its business was founded in 2001.
This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.
For further information, please contact:
Mr. Grove Bennett
President & Corporate Secretary
Dynamic Fuel Systems Inc.
1288 Ritson Road Nth, Suite 385
Oshawa, Ontario L1G 8B2
905-831-2440 x 613
www.dynamicfuel.com