Hyundai Tests FlexTek For Factory Installation On New Cars
June 29 2006 - 10:53AM
Business Wire
XcelPlus International Inc. (PINK SHEETS: XLPI) is pleased to
announce that the Hyundai Motor Car Company is testing XcelPlus
FlexTek technology for use as their factory flex-fuel technology.
Sydney Mills, a consultant for the ethanol industry who worked for
General Motors for 20 years is supervising the tests on vehicles
supplied by Hyundai state fleet manager Gary Jones. According to
Mr. Jones: "Our cars are compatible with E10, but we're being open
minded about what is going to happen in the future." The tests
include the installation of the FlexTek bi-fuel conversion system,
and treatment with XcelPlus Lubrilon engine protection to protect
internal engine parts. Carsguide.com.au recently published an
article detailing the project. The article can be viewed at:
http://carsguide.news.com.au/story/0,20384,19540982-21822,00.html
"We are very excited at the prospect of our technology being
applied to the new car market," said Bill R. Smith, President of
XcelPlus International Inc. "Use on new vehicles will allow FlexTek
technology to continue long after the conversion market becomes
saturated. More importantly, we are confident that once new car
manufacturers become aware of the benefits of our engine protection
chemicals they will be used on virtually all new cars." "Lubrilon
is only engine protection formula that literally plates internal
engine parts, preventing wear and improving mileage. Use on new
vehicles would drastically reduce manufacturer warranty costs." In
addition to the U.S. Government tested and proven Engine Protection
formulation, XcelPlus' Lubrilon line of products includes the only
E85 motor oil blended specifically for use in vehicles running on
ethanol fuel blends, and chemicals to clean internal engine
components and fuel systems. About XcelPlus International: XcelPlus
International Inc. manufactures and markets E85 Conversion Systems,
Ethanol Fuel Products, and Specialty Chemicals which enable the
growth of the ethanol market, while providing consumers with a
viable means of using newly developed clean energy technologies.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject
to certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events.
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