[Marinir] {Disarmed} Halted News: Dynamic Announces Hydragen(TM) California Air Resource Board Executive Order
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Tue May 29 18:28:51 CEST 2012
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http://www.dynamicfuel.com
Dynamic Announces Hydragen(TM) California Air Resource Board Executive
Order
Dynamic Fuel Systems Inc. (TSX Venture Exchange: DYA
http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=DYA®ion=C&lookup=symbol&snapshot=default
) is pleased to announce that it has received the California Air
Resources Board (CARB) Executive Order D-697 signifying that its
HydraGen™ hydrogen generating device has received an exemption in
accordance with Section 27156 of the California Vehicle Code.
The Executive Order permits the advertising, sales and installation of
the HydraGen™ hydrogen generator. It was Ordered and Resolved that the
HydraGen™ hydrogen generating device has been found not to reduce the
effectiveness of the applicable vehicle pollution control systems for
all 1998 to 2002 model year (MY) 12.7 Litre Detroit Diesel Heavy Duty
Diesel Engines.
Section 27156 of the VC deals with matters pertaining to Gross Polluter,
Air Pollution Control Devices and more particularly the requirements
that all such devices do not modify, override or otherwise affect the
durability of existing vehicle pollution control systems.
This Executive Order is based on emission test results using the
Heavy-Duty Federal Test Procedure (FTP), Transient Cycle Test, Euro III
European Stationary Cycle (ESC) test, and "Not to Exceed" test submitted
by Dynamic Fuel Systems Inc with the HydraGen™ hydrogen generating
device.
A summary of the test results is provided at the end of this News
Release and a copy will be provided on the Corporation's website for
future references.
"This is a very important milestone for Dynamic and its shareholders. It
represents the culmination of a great deal of effort from a small but
dedicated team" stated Jim Payne, CEO of Dynamic. This result opens up
new opportunities for the HydraGen™ in markets beyond California as
well", added Payne.
"Obtaining this Executive Order has proven an invaluable experience for
our team" stated Grove Bennett, President of Dynamic. The California ARB
represents the gold standard by which products are evaluated and to the
best of my knowledge, Dynamic and the HydraGen™, is the first Canadian
hydrogen generating company and device that has received an Executive
Order such as this. The experience gained in this process will help
tremendously with our planning for exemption status on other heavy duty
vehicle engines," added Bennett.
Image available at
http://orders.newsfilecorp.com/files/1425/2119_dynami1.gif
http://www.globenewswire.com/newsroom/ctr?d=257434&l=8&u=http%3A%2F%2Forders.newsfilecorp.com%2Ffiles%2F1425%2F2119_dynami1.gif
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is an Oshawa, Ontario, Canada-based energy
Sector Company engaged in the sales & marketing, manufacture,
distribution, installation and support of a transportable hydrogen
generator aftermarket product targeted for use in the heavy tractor
trailer industry.
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. 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.
CONTACT: Mr. Grove Bennett President & Corporate Secretary Dynamic Fuel
Systems Inc. 1288 Ritson Road Nth, Suite 385 Oshawa, Ontario L1G 8B2
905-831-2440 x 613 www.dynamicfuel.com
http://www.dynamicfuel.com
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