Dynamic Fuels and Alliance Announce "Dynamic Hydrogen Alliance"
posted on
Apr 24, 2008 03:07AM
Fuel Efficient and Clean Emissions
Dynamic Fuel Systems Inc. (TSX VENTURE: DYA) ("Dynamic") and Alliance Recovery Corporation (OTCBB: ARVY) ("ARVY" or "Alliance") are pleased to announce a joint project to develop a Dynamic hydrogen generator with adequate capacity to be successfully retrofitted to an ARVY reciprocating engine used in electrical generation at Alliance's showcase installation. Although Alliance's reciprocating engines currently meet environmental standards, the goal of this modification and the introduction of hydrogen to the combustion process will be to further reduce emissions, extend engine life, reduce fuel consumption, and improve overall engine performance. This joint project, when completed, will convert Alliance's conventional reciprocating engines into a hybrid that subsequently will be replicated in all showcase engines and subsequent installations in the US and around the world.
Dynamic is currently establishing itself as a leader in the commercialization of hydrogen fuel technology in the US transportation industry. Its products and services are being implemented through its Dealer Network in the United States and are designed to improve mileage and reduce emissions while extending oil and engine life. Feedback from US trucking industry representatives to date has been overwhelmingly positive. Both Dynamic and Alliance are very optimistic about the modifications being proposed to adapt Dynamic's technology to Alliance's reciprocating engines. Reciprocating engines presently in use in the generation of electricity are currently utilizing conventional scrubbing technology to allow them to meet environmental regulatory standards.
Mr. Peter Vaisler, President and CEO of Alliance, commented that "it is Alliance's position that we have an environmental responsibility to continue to search for improvements, to develop technology alternatives, to implement operational strategies to minimize environmental impact and to set new operational and performance standards. This joint project with Dynamic Fuel Systems Inc. to develop reciprocating hybrid engines for electrical generation at all our facilities is exemplary of Alliance's commitment to environmental excellence."
Mr. Thomas Fairfull, President and CEO of Dynamic, stated that "we are extremely excited about this new relationship with such a cutting-edge company as Alliance Recovery Corporation and all of the possible ramifications of further extending Dynamic's core technology. This project is an additional indicator that Dynamic's proprietary technology and processes have many potential markets, even beyond our existing focuses and we are thrilled to be able to enter into this endeavor with Alliance to explore this new market."
About Alliance Recovery Corporation
Alliance is a developmental stage company that plans to construct a showcase "waste-to-energy" facility at one of several sites currently being investigated. Alliance's waste to energy facility will recover a fuel oil as a result of a thermal chemical process that converts rubber waste including used or scrap tires, to oil. Subsequently, the recovered oil is used to fuel large reciprocating engines driving alternators making electricity. Recovering a fuel oil from rubber waste will contribute to fossil fuel conservation efforts and ultimately help reduce the consumption of America's energy resources. In addition to the sale of electricity generated from the recovered fuel oil, several additional valuable bi-products produced in the thermal chemical conversion process will also be sold into either domestic or international markets. Alliance's processing facilities can be located, constructed and operated to meet the specific needs of the community and operated in an environmentally friendly manner. For more information about Alliance, please visit the website at www.AllianceRecoveryCorporation.com.
U.S. Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including Alliance's ability to implement its business plan and the future strength of Alliance's business and industry. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Alliance Recovery Corporation's future business and financial results, refer to Alliance Recovery Corporation's Annual Report on Form 10-KSB for the year ended December 31, 2008, which was filed with the SEC on April 15, 2008, Alliance Recovery Corporation's Q3 2007 Report filed with the SEC on November 13, 2007. Alliance Recovery Corporation undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: Alliance Recovery Corporation
Dynamic Fuel Systems Inc. Thomas Fairfull, President and CEO, 905-831-2440 thomas@dynamicfuel.com www.dynamicfuel.com OR Alliance Recovery Corporation Investor Relations, 302-651-0177 www.AllianceRecoveryCorporation.com
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