Dynamic Announces Pepsi Packing Jetstar(TM)
May 07 2009 - 3:56PM
Marketwired
Dynamic Fuel Systems Inc. (TSX VENTURE: DYA) ("Dynamic" or the
"Corporation") is pleased to announce the purchase by Pepsi
Bottling Group, Inc. ("PBG") of a total of 26 hydrogen-injected
trucks from Hydrogen Leasing Company, a subsidiary of one of
Dynamic's non-exclusive U.S. dealers, Hydrogen Fuel Systems Inc.
("HFS"). Each of these hydrogen-injected trucks is equipped with
Dynamic's flagship Jetstar(TM) product, in addition to other fuel
savings and emission reduction technologies and measures.(1) These
sales represent the culmination of an exhaustive testing and review
process conducted over the course of several months by PBG, in
consultation with HFS, consisting of extensive trials of Hydrogen
Leasing Company's hydrogen-injected trucks for the purposes of
validating fuel savings and emission reduction expectations. These
trials and testing procedures have culminated with the purchase of
an initial 26 hydrogen-generated trucks by PBG (each of which is
equipped with a Jetstar(TM) unit).
The new trucks purchased by PBG from Hydrogen Leasing Company
are part of a broader initiative to increase the size of PBG's
fleet of alternative fuel vehicles (including hydrogen-injected
trucks and hybrid electric diesel delivery vehicles) throughout the
United States. Five of the hydrogen-injected trucks purchased by
PBG have been delivered for service in Orlando, Florida and PBG is
also currently investing in new vehicles to serve Los Angeles, CA;
Washington, D.C.; Detroit, Michigan; and Wytheville, Virginia.
Dynamic looks forward to the opportunity to participate in further
environmental initiatives with PBG, Hydrogen Leasing Company and
HFS with a view to expanding upon this new relationship.
"The hydrogen-injected engines that PBG will now be using in
Orlando are among the most environmentally sustainable
over-the-road trucks in the world, boasting a second life drive
train that uses 100 percent synthetic oils," said Alan Bishop,
president of Hydrogen Leasing Company. "These new hydrogen-injected
tractors employ many hybrid technologies, including electric
powered functions to replace standard engine powered components
that waste fuel."
The purchase of hydrogen-injected trucks by PBG represents one
of many initiatives that PBG is undertaking in connection with its
commitment to embrace environmentally friendly technologies and
business practices. PBG is particularly focused on using natural
resources responsibly and producing less waste. In speaking about
the Orlando hydrogen injected truck deliveries, Derek Lewis, senior
vice president and general manager of PBG's Southeast business
unit, commented: "Promoting environmentally sustainable business
practices and improving the communities in which we do business are
two of PBG's top priorities. The expansion of our fleet of
alternative fuel vehicles in the Orlando area signals our
commitment to playing an active role in helping Florida achieve its
energy and climate objectives. These investments will also generate
long-term cost savings for PBG, making it a winning proposition for
everyone involved."
Jerry Solensky, Jr., President and CEO of Dynamic, comments, "we
would like to express our congratulations to Alan Bishop and HFS on
these sales to PBG, which provide further validation of our product
and the market opportunity that we are presented with. We would
also like to welcome PBG to the Jetstar(TM) family. PBG has a huge
fleet of trucks and we are very excited about the prospects of
further developing this relationship and enhancing PBG's
environmental initiatives. We are thrilled that a company of PBG's
size, reputation and environmental focus has chosen our product for
the purposes of enhancing their operations and further ameliorating
their environmental sustainability initiatives. We view these sales
as the first step in what we hope and expect will be a long and
fruitful business relationship for Dynamic, PBG, Hydrogen Leasing
Company and HFS."
About PBG
The Pepsi Bottling Group, Inc. (NYSE: PBG) is the world's
largest manufacturer, seller and distributor of Pepsi-Cola
beverages with more than 100 plants and 545 distribution centres
worldwide. With approximately 67,000 employees and annual sales of
nearly $14 billion, Pepsi has operations in the U.S., Canada,
Greece, Mexico, Russia, Spain and Turkey. (source:
www.pbg.com).
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is a Pickering, Ontario based energy
sector company engaged in the manufacture, distribution,
installation and marketing of a transportable hydrogen generator
retrofit targeted for use in the heavy tractor trailer industry.
Its flagship product, the Jetstar(TM), is a patent-pending
aftermarket retrofit solution that provides combustion enhancement
by mixing hydrogen and oxygen into a vehicle's intake air to
provide the engine with a more complete burn of the fuel in its
internal combustion engine. Its business was founded in 2001 and
more information about its products can be viewed at its website at
www.dynamicfuel.com.
This release includes forward looking statements, which are
based on certain assumptions and reflects management's current
expectations. These forward looking statements are subject to a
number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Some of
these factors include: general global economic conditions; general
industry and market conditions and growth rates; uncertainty as to
whether our strategies and business plans will yield the expected
benefits; increasing competition; availability and cost of capital;
the ability to identify and develop and achieve commercial success
for new products and technologies; the level of expenditures
necessary to maintain and improve the quality of products and
services; changes in technology; changes in laws and regulations,
includes codes and standards, intellectual property rights, and tax
matters; the uncertainty of the emerging hydrogen economy;
including the hydrogen economy moving at a pace not anticipated;
our ability to secure and maintain strategic relationships and
distribution agreements. The Corporation disclaims any intention or
obligation to update or revise any forward looking statements,
whether as a result of new information, future events or
otherwise.
(1) As these hydrogen injected trucks include other fuel savings
and emission reduction technologies and measures in addition to the
Jetstar(TM) unit, Dynamic is unable to specifically endorse or
adopt any performance related projections made by PBG in respect of
these vehicles.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
Contacts: Dynamic Fuel Systems Inc. Jerry Solensky Jr. President
and CEO 905-831-2440 www.dynamicfuel.com
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