SOURCE: IO News Wire

IO News Wire

December 11, 2009 07:30 ET

(OTC: AFTC) Enters Phase 2 of SBIR Contract for US Army

Note to Editors: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - December 11, 2009) - Alternative Fuel Technologies Inc. (PINKSHEETS: AFTC) announced yesterday that they will be negotiating a Phase 2 SBIR Contract with the US Army.

All US Army SBIR Contract submissions must have a final "vision" for the project. Alternative Fuel Technologies is applying its technology of common rail fuel systems to diesel rail fuel systems running Army standard JP-8 jet fuel. Alternative Fuel Technologies is hoping to solve the "wear" problem on commercial diesel fuel rails.

Several big players in the global car and truck market, like Volvo, are rekindling an interest in dimethyl ether (DME) as an alternative fuel, which is Alternative Fuel Technologies' focus. This is largely because it's relatively cheap, requires very low injection pressures, and produces little pollution from combustion.

DME is an ideal diesel fuel [replacement] because it has very high oxygen content -- 35% by weight -- and no carbon-carbon bonds. What that means is that it cannot produce soot particulates or black smoke.

Other active stocks are Clean Energy Fuels Corp (NASDAQ: CLNE) Inergy Holdings (NASDAQ: NRGY) and Vega Promotional Systems (PINKSHEETS: VGPR)

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