Dynamic Fuel Systems Inc.

April 16, 2010 11:48 ET

Dynamic Announces More Pepsi Sales

PICKERING, ONTARIO--(Marketwire - April 16, 2010) - Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Corporation") is pleased to announce the purchase by Pepsi Bottling Group, Inc. ("PBG") of 40 new hydrogen-injected trucks from Hydrogen Leasing Company ("HLC"), a subsidiary of one of Dynamic's non-exclusive U.S. dealers, Hydrogen Fuel Systems Inc. ("HFS"). Dynamic has received a binding purchase order from HFS for 40 Jetstar™ units for installation on these new trucks. HLC has now sold more than 80 of these specially outfitted hydrogen-injected trucks to PBG, each of which is equipped with fuel savings and emission reduction technologies and measures, including Dynamic's flagship product the Jetstar™. As noted in the Corporation's prior press releases from May 7 and May 12, 2009, PBG has previously taken delivery of approximately 47 hydrogen-injected trucks employing the Jetstar™, with 21 of those vehicles having been earmarked for PBG's operations out of Wytheville, Virginia. It is the Corporation's understanding that PBG specifically monitored and tested those particular vehicles and measured specific performance criteria such as fuel savings, emission reductions and oil consumption. After close to one year of operating those vehicles, PBG has confirmed an order for a further 40 trucks.

The new trucks purchased by Pepsi Bottling Group from HLC are part of a broad initiative that commenced last year, whereby PBG is continuing to increase the size of its fleet of alternative fuel vehicles throughout North America. The hydrogen-injected trucks purchased by PBG have been ordered for service in Philadelphia, PA, Mesquite, TX, Winnipeg, MB, Calgary, AB, Mississauga, ON, Montreal, QC, Howell, MI, and Newport News, VA.

"The hydrogen-injected engines that Pepsi Bottling Group has been using are among the most environmentally sustainable over-the-road trucks in the world," said Alan Bishop, President of Hydrogen Leasing Company. "Functioning of hydrogen-injected engines is made possible through the use of Dynamic's Jetstar. Installing the Jetstar on these vehicles in tandem with other fuel savings and emission reduction measures is producing a vehicle that is obviously in demand, as evidenced by this significant repeat purchase by a globally recognized environmentally aware multi-national company. We look forward to continuing to work with PBG in further enhancing their environmental objectives."

Jerry Solensky, Jr., CEO of Dynamic, comments, "Pepsi Bottling Group's newest purchase order is an extremely exciting event for our company. To know that PBG has decided to come back to us with an additional purchase order after such a lengthy and exhaustive review is further validation that they are experiencing the results that they desire and reaffirms that our product has the ability to make us a leader in our industry. We view these sales as further significant step in what we believe 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. 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™, 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.

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.

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