DYNAMIC
L1W 1Z9
Phone: (905) 831-2440
PRESS
RELEASE
FOR
IMMEDIATE RELEASE
DYNAMIC ANNOUNCES PEPSI PACKING JETSTAR™
Dynamic Fuel Systems Inc. (DYA – TSX Venture)
("Dynamic" or the "Corporation") is pleased to announce the
purchase by Pepsi Bottling Group, Inc. ("PBG") of a total of 26
hydrogen-injected trucks from Hydrogen Leasing Company, a subsidiary of one of
Dynamic's non-exclusive U.S. dealers, Hydrogen Fuel Systems Inc.
("HFS"). Each of these
hydrogen-injected trucks is equipped with Dynamic's flagship Jetstar™ product,
in addition to other
fuel savings and emission reduction technologies and measures.[1] These sales represent the culmination of an
exhaustive testing and review process conducted over the course of several
months by PBG, in consultation with HFS, consisting of extensive trials of
Hydrogen Leasing Company's hydrogen-injected trucks for the purposes of
validating fuel savings and emission reduction expectations. These trials and testing procedures have
culminated with the purchase of an initial 26 hydrogen-generated trucks by PBG
(each of which is equipped with a Jetstar™ unit).
The new trucks
purchased by PBG from Hydrogen Leasing Company are part of a broader initiative
to increase the size of PBG's fleet of alternative fuel vehicles (including
hydrogen-injected trucks and hybrid electric diesel delivery vehicles)
throughout the
"The hydrogen-injected engines that PBG
will now be using in Orlando are among the most environmentally sustainable
over-the-road trucks in the world, boasting a second life drive train that uses
100 percent synthetic oils," said Alan Bishop, president of Hydrogen
Leasing Company. "These new
hydrogen-injected tractors employ many hybrid technologies, including electric
powered functions to replace standard engine powered components that waste
fuel."
The purchase of hydrogen-injected trucks by PBG
represents one of many initiatives that PBG is undertaking in connection with
its commitment to embrace environmentally friendly technologies and business
practices. PBG is particularly focused on using natural resources responsibly
and producing less waste. In speaking
about the
Jerry
Solensky, Jr., President and CEO of Dynamic, comments, "we would like to
express our congratulations to Alan Bishop and HFS on these sales to PBG, which
provide further validation of our product and the market opportunity that we
are presented with. We would also like
to welcome PBG to the Jetstar™ family.
PBG has a huge fleet of trucks and we are very excited about the
prospects of further developing this relationship and enhancing PBG's
environmental initiatives. We are
thrilled that a company of PBG's size, reputation and environmental focus has
chosen our product for the purposes of enhancing their operations and further
ameliorating their environmental sustainability initiatives. We view these sales as the first step in what
we hope and expect will be a long and fruitful business relationship for
Dynamic, PBG, Hydrogen Leasing Company and HFS."
About PBG
The Pepsi
Bottling Group, Inc. (NYSE:
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is a
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:
|
Jerry Solensky Jr. President and CEO Dynamic Fuel Systems Inc. 905-831-2440 |
