Fortune 500 Company Experience Significant Increase in Mileage Efficiency Using Patriot Energy's H2O Oxygenator System
February 27 2009 - 9:00AM
Marketwired
Patriot Energy Corp. (PINKSHEETS: PGYC) announced today that a
fortune 500 company who installed Patriot's H2O Oxygenator test
systems on fleet vehicles experienced significant increase in
mileage efficiency by up to 50%.
According to the company, its new product, the H2O Oxygenator
not only increased mileage efficiency by up to 40% for the fleet
trucks that were equipped with the device, but also dramatically
reduced their harmful emissions, making this large Fortune 500
company greener, safer and more profitable.
"Our pilot project could not have been more timely and
meaningful" said Mr. Tony Bisante, Patriot Energy's President and
CEO. "Our device, once installed on large corporate fleets will
have a direct impact on the US economy and its air quality,"
further added Mr. Bisante.
The first generation H2O System, sold over 100,000 units and the
company expects the newly adapted unit to regain the interest from
previous customers immediately and OEM the product to automakers
worldwide.
The stock price of Patriot Energy has really been damaged by the
recent market condition and by the malicious selling by former
corporate partners. The company expects the stock to be back to its
initial value once the company does receive positive results from
the independent labs and releases its product to the market. It
should also be noted that Patriot Energy's stock is down from its
initial high of $0.95 per share in August 2007.
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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