Alternative Fuel Technologies, Inc. Awarded New Phase 1 U.S. Army Contract
January 18 2010 - 3:15PM
PR Newswire (US)
REDFORD, Mich., Jan. 18 /PRNewswire-FirstCall/ -- Alternative Fuel
Technology, LLC (AFT), a wholly owned subsidiary of Alternative
Fuel Technologies, Inc. (Pink Sheets: AFTC) announced today that
the Company has been selected for a new U.S. Army Phase 1 SBIR
award entitled: "Ultra High Pressure Jet Propellant-8 (JP-8) Fuel
Injection System." "This latest contract was awarded to the Company
because of our extensive experience with this type of fuel
injection system," said James McCandless, Chief Executive Officer
of Alternative Fuel Technologies, Inc. "It was awarded to us under
the DoD's SBIR program, which funds early stage research and
development projects and small technology companies. The SBIR
program was funded at approximately $1.2 billion in FY2009, and is
part of a larger, federal SBIR program, which is administered by 12
federal agencies and receives more than $2 billion in funding." Key
objectives of this contract are the design, development and
demonstration of an intensified, lube oil actuated common rail
injection system capable of producing peak injection pressures of
more than 40,000 psi (2800 bar). The system must also be readily
adaptable to Army engines. A key design feature of this concept
will be the use of AFT's advanced high pressure Dimethyl Ether
(DME) injection pump modified to pump engine lube oil to drive the
new injector. AFT is also engaged in several other advanced fuel
system projects for the U.S. Army including a Phase 2 contract
valued at more than $700,000 (final award being negotiated) for the
redesign of a commercial diesel common rail pump to lower wear to
acceptable levels. The Army uses JP-8 jet fuel for all of its
equipment from helicopters to diesel powered trucks and generators.
JP-8 presents durability and reliability problems for many types of
commercial fuel injection systems. As part of its SBIR program, the
DoD issues an SBIR solicitation three times a year, describing its
R&D needs and inviting R&D proposals from small companies
-- firms organized for profit with 500 or fewer employees,
including all affiliated firms. Companies apply first for a
six-month to nine-month Phase 1 award of $70,000 to $100,000 to
test the scientific, technical, and commercial merit and
feasibility of a particular concept. If Phase 1 proves successful,
the company may be invited to apply for a two-year Phase 2 award of
$500,000 to $750,000 to further develop the concept, usually to the
prototype stage. The Company is uniquely qualified for this
project, as Mr. McCandless was a pioneer in this type of diesel
fuel injection system. About Alternative Fuel Technologies, Inc.
Alternative Fuel Technology Inc. is a research & development
organization engaged in the design, development and prototype
manufacturing of advanced fuel systems for use with a new
alternative fuel -- dimethyl ether (DME). The Company has developed
practical, low-cost fuel injection equipment for DME fueled
vehicles and currently provides complete DME fuel systems for
testing and research purposes in addition to retrofit systems that
can be used with most diesel engines. The Company's ultimate goal
is series production of DME fuel systems for the global automotive
market by 2011. For more information, visit
http://www.altfueltechnology.com/ About DME: DME is a new
ultra-clean diesel fuel replacement that can be produced from
abundant resources. These include natural gas, landfill methane,
coal and biomass. At current oil prices, DME can be produced and
distributed at less than 1/2 the cost of conventional fuel. When
burned in a diesel engine, all soot emissions are eliminated and
NOx emissions are lowered dramatically without the use of expensive
exhaust aftertreatment devices. Safe Harbor Statement: Statements
contained in this release, which are not historical facts,
including statements about plans and expectations regarding
business areas and opportunities, acceptance of new or existing
businesses, capital resources and future business or financial
results are "forward-looking" statements. You should not place
undue reliance on these forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties,
including, but not limited to, customer acceptance of our products,
our ability to raise capital to fund our operations, our ability to
develop and protect proprietary technology, government regulation,
competition in our industry, general economic conditions and other
risk factors which could cause actual results to differ materially
from those projected or implied in the forward-looking statements.
Although we believe the expectations reflected in the
forward-looking statements are reasonable, they relate only to
events as of the date on which the statements are made, and our
future results, levels of activity, performance or achievements may
not meet these expectations. We do not intend to update any of the
forward-looking statements after the date of this press release to
conform these statements to actual results or to changes in our
expectations, except as required by law. CONTACT: intellibridgeIR
949-981-5062 DATASOURCE: Alternative Fuel Technologies, Inc.
CONTACT: intellibridgeIR, +1-949-981-5062, , for Alternative Fuel
Technologies, Inc. Web Site: http://www.altfueltechnology.com/
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