(OTC: AFTC) Leveraging Its Army Contract
January 20 2010 - 9:00AM
Marketwired
Alternative Fuel Technologies, Inc. (PINKSHEETS: AFTC) announced
yesterday that they have received a $50,000 option to their Phase I
Small Business Innovation Research (SBIR) contract with the US
Army.
Dimethyl Ether (DME) has potential applications as a chemical
building block. Since the characteristics of DME are similar to
liquefied petroleum gas (LPG), it is speculated that DME can be
used in large scale power production or be used in LPG automobiles
and equipment. If these markets are recognized and developed, DME
will see a substantial increase.
Alternative Fuel Technologies, Inc. is a research &
development organization engaged in the design, development and
prototype manufacturing of advanced fuel systems for use with the
alternative fuel DME.
Other active stocks are Green Plains Renewable Energy (NASDAQ:
GPRE) New Generation Biofuels Holding (NASDAQ: NGBF) and KAT
Exploration (PINKSHEETS: KATX)
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