Patriot Energy Begin Talks With Major Foreign Automaker
March 12 2009 - 8:00AM
Marketwired
Patriot Energy Corp. (PINKSHEETS: PGYC) announced today that it has
begun talks with a foreign automaker to become the first to install
the H2O Oxygenator on its lines of vehicles to immediately
introduce cleaner and more efficient cars to the US and
International markets.
According to Patriot Energy Corp., the company has been
approached by a major foreign automaker to begin testing a retrofit
H2O Oxygenator unit to various models. If a transaction is
concluded, Patriot Energy's device could be included in as many as
one million cars produced yearly for the next 5 years, representing
$500 million per year in unit sales and approximately $450 million
in Carbon Credit trading, which would be shared with the Automaker.
The testing of the retrofit unit is expected to begin in April and
to continue for approximately 3 months before further agreements
can be concluded.
"We did not expect this type of attention so early into our
launch, but given the state of the industry, Automakers are really
aggressive on being first to market cleaner and more efficient cars
and truly respond to the market demand in the US and
Internationally." Said Tony Bisante, President and CEO of Patriot
Energy Corp. "Other domestic automakers have contacted us, but we
have not begun any talks with any of them at this time," further
added Mr. Bisante.
About Patriot Energy Corp.
Patriot Energy Corp. is a management holding corporation, which
owns a wholly owned subsidiary named Telteck Solutions and owns a
99 year exclusive leased license agreement with Tectane
Technologies Corporation for the Dual H2O Engine Oxygenator and New
Tri-Brid Engine (Electric/Flex-Fuels/H2O) Technologies. Patriot
Energy specializes in the development and marketing of energy
efficient technologies with a focus on reducing America's
dependence on Foreign Oil.
Total Shares Outstanding (fully diluted): 193,500,000
www.patriotenergycorporation.com
All statements in this news release that are other than
statements of historical facts are forward-looking statements,
which contain our current expectations about our future results.
Forward-looking statements involve numerous risks and
uncertainties. We have attempted to identify any forward-looking
statements by using words such as "anticipates," "believes,"
"could," "expects," "intends," "may," "should" and other similar
expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give
no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause
those results to differ materially from those indicated in any
forward-looking statements made by us or on our behalf. Such
factors include our limited operating history; our need for
significant capital to finance internal growth as well as strategic
acquisitions; our ability to attract and retain key employees and
strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our
stock; competition from other providers of similar products and
services; and other unanticipated future events and conditions.
Contacts: Momentum IR Max Gagne 514-913-0351 877-253-7001
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