Dynamic Provides Update on Deliveries to HFS
Pickering, Ontario CANADA, January 28, 2009 /FSC/ - Dynamic Fuel Systems Inc. (DYA - TSX Venture), is pleased to announce that it has recently delivered a further 27 Jetstar(tm) units to Hydrogen Fuel Systems Inc. ("HFS") pursuant to HFS' previously announced purchase order. This brings the total number of units delivered to date pursuant to the foregoing purchase order to 177. A total of 173 Jetstar(tm) units remain deliverable under the purchase order (over and above the foregoing delivery). It is Dynamic's understanding that unlike previous deliveries, which were specifically earmarked for delivery to Equity Transport, the foregoing units are intended for resale and installation on vehicles owned by several end-users other than Equity Transport.
Mr. Jerry Solensky Jr., President and CEO of Dynamic, comments, "we are pleased to report the completion of this additional delivery under our prior purchase order with HFS and are particularly encouraged to see additional end-users participating in these sales. It is our hope that this is the beginning of the further expansion and diversification of our sales efforts and that these initial sales to new end users will translate into further deliveries and introductions into what we hope to be substantial market opportunities."
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.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Jerry Solensky Jr.
President and CEO
Dynamic Fuel Systems Inc.
890 Brock Road South
Pickering, ON L1W 1Z9
905-831-2440
www.dynamicfuel.com
