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Dynamic Announces HydraGen(TM) Repeat Sales
OSHAWA, Ontario, Oct. 5, 2011 (GLOBE NEWSWIRE) -- Dynamic Fuel Systems Inc. (TSX-V:DYA) ("Dynamic" or the "Corporation"), announces repeat sales of its flagship product the HydraGen™ to Hydrogen Fuel Systems Inc. (HFS).
Dynamic has accepted another binding order for 70 of the Corporation's flagship product, HydraGen™ from its Michigan based distributor Hydrogen Fuel Systems Inc ("HFS"). HFS sells Class 8 Vehicles that are specially equipped with a number of fuel and emission reduction measures including HydraGen™. HFS also advises that this order will bring the total number of HydraGen™ equipped vehicles operated by Pepsi Beverages Company to 178.
"We are delighted with the progress that HFS is making in their sales with their Class 8 Glider package and the important role that HydraGen™ plays in their package offering. This new order confirms increasing market acceptance of the HydraGen™ product as a means for corporations of all sizes to achieve their desired fuel efficiency and emission reduction targets," stated Mr. Grove Bennett, President of Dynamic.
"This commitment by HFS and Pepsi Beverages Company is recognition of the HydraGen™ value proposition. Dynamic continues to engage transportation companies and manufacturers in discussions that would dramatically increase the number and type of diesel engines that would benefit from the use of the HydraGen™ a transportable hydrogen generator. We continue to invest in research development and testing initiatives," notes Mr. Bennett.
