Hydrogen Hybrid Technologies and EUROMAC sign LOI for Irish Installations
June 23 2008 - 11:05AM
PR Newswire (US)
Letter of Intent to Purchase 1,750 HFI Units PICKERING, ON, June 23
/PRNewswire-FirstCall/ -- Hydrogen Hybrid Technologies
Inc.(HYHY:otcbb) is pleased to announce that, as a result of
ongoing discussions, a Letter of Intent has been signed with
EUROMAC, an Irish firm marketing environmental products in Ireland,
UK and the rest of the EU. The Letter of Intent calls for an
initial order of 1,750 units for a total value of approximately
$27million. HFI technology is installed as an add-on to diesel and
gasoline engines where it significantly reduces a wide variety of
emissions (CO, PM, HC, CO2 and NOx) while simultaneously reducing
fuel consumption. HFI units are being used by long-haul transport
trucks, ambulances, municipal buses and other heavy equipment,
earning HFI the dominant position as the world's most widely-used
on-board electrolysers. The technology is based on electrolysis and
the units split water, on-board the ambulance, then vent the
hydrogen and oxygen directly into the air intake of the engine.
Adding hydrogen significantly improves the efficiency of
combustion, in the engine, with significant financial and
environmental benefits. HFI is distributed through the world's
largest retail distribution network for any hydrogen product, with
over 140 Certified Installation Centres all across Canada, the
United States, and a number of international markets. The product
is the first emission control technology to receive "Environmental
Technology Verification" (ETV) by the Canadian government and the
first hydrogen technology to receive ETV recognition anywhere in
the world. About Hydrogen Hybrid Technologies Inc: The OEM
distributor of the world's most advanced on-board hydrogen
generating system, the Hydrogen Fuel Injection system. This
technology is patented, or patent-pending, worldwide. The system
offers unparalleled benefits for virtually any internal combustion
engine, with increased horsepower, decreased emissions and
improvement in fuel economy. The HFI system is marketed through a
network of certified installation centres in Canada, the U.S. and
around the world. Included in this release are "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Although the company believes that the
expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations
reflected in such forward-looking statements will prove to have
been correct. The company's actual results could differ materially
from those anticipated in the forward-looking statements. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequently occurring events or
circumstances. DATASOURCE: Hydrogen Hybrid Technologies Inc.
CONTACT: For further information on HHT, contact Ira M.Lyons,
President, (905) 697-7011 x236; , or consult our website at
http://www.hydrogenht.com/; or Susanne McAllister, Managing
Director - EUROMAC;
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