SOURCE: IO News Wire

IO News Wire

October 13, 2009 07:30 ET

AFTC Announces Order by KIER for DME Fuel Pumps

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - October 13, 2009) - Alternative Fuel Technologies, Inc. (PINKSHEETS: AFTC) announced yesterday that the Korea Institute of Energy Research (KIER) has purchased two dimethyl ether (DME) Fuel Pumps.

The KIER is a Government of Korea sponsored agency dedicated to finding renewable energy resources and clean fuel technology for the country of Korea. The KIER plans on testing the DME pumps by installing them in Hyundai e-Mighty trucks for real world testing after laboratory testing for efficiency. Korea has been struggling to improve air quality and move away from dependence on foreign energy since their "growth" spurt in the 1970s and 1980s.

When the entire chain is taken into account, DME from feedstock is the most efficient fuel, and can be up to five times more efficient then standard diesel.

Other active stocks are: General Electric (NYSE: GE), Fuel Systems Solutions (NASDAQ: FSYS) ERHC Energy (OTCBB: ERHE)

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