| USA. Hydrogen retrofit manufacturer HyPower Fuel, Inc. releases 3 year revenue projections |
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| Monday, 02 October 2006 | |
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Company news: HyPower Fuel, Inc. (OTCPK: HYPF) released revenue projections for the sale of its patented HyPower Power Pack (HPP). The HPP is a retrofit hydrogen insertion device developed for use on tractor trailer rigs as well as stationary diesel engines to improve fuel economy, reduce harmful emissions and increase engine performance and horsepower. Although the HPP does not eliminate the need for gasoline, diesel or other fuels it does provide the onboard production of hydrogen that supplements the primary fuel source. HyPower believes the HPP is more efficient than any existing form of electrolysis-based hydrogen production/insertion technology. The HPP is a transition technology paving the way for future retrofit hydrogen production technologies that will allow engines to be fueled totally with hydrogen produced on board, on demand. Douglas Bender, President of HyPower reports that management firmly believes that it will meet its 3-year projected sales targets as set forth in the company’s business plan. Excerpt from the HyPower Fuel, Inc. Business Plan: Unit Revenues Six Months Ended March 31, 2007 $ 1,100,000 Nine Months Ended December 31, 2007 $ 9,900,000 Year Ended December 31, 2008 $99,000,000 Unit Revenues (on a calendar year basis) Year Ended December 31, 2006 $ 275,000 Year Ended December 31, 2007 $10,725,000 Year Ended December 31, 2008 $99,000,000 Recent purchase orders have been received and booked by the company for the HPP product. “This has been an unbelievable week for our company and the word is out about our products,” said Doug Bender, President of HyPower Fuel Inc. “We are very pleased with the recent purchase orders and are amazed at the unprecedented amount of inquiries we have received about our HyPower HPP products. We are very excited about the direction the company is heading and I am very confident we will attain our projected sales targets,” added Bender. |
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| Last Updated ( Monday, 02 October 2006 ) |
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