SOURCE: Alternative Fuel Technologies

August 13, 2009 09:15 ET

Alternative Fuel Technologies Awaiting Technical Review Process on Phase II Proposal

REDFORD, MI--(Marketwire - August 13, 2009) - Alternative Fuel Technologies (PINKSHEETS: AFTC) is pleased to announce that Phase II submission proposals are still advancing and awaiting the technical review process by the US Army.

It has come to our attention at the Company, that information in our July 21st news release may have been misinterpreted, due to the language used in the release itself. Alternative Fuel Technologies would like to clarify that point in the recent announcement wherein the company states, "AFTC test results show that the pump suffered high wear in a short period of time because of the fuel characteristics." This choice of language left many believing that the US Government was testing the wear and tear of JP-8 jet fuel in high pressure fuel injector pumps manufactured by the Company. This is not the case. A company spokesperson states, "This is a misinterpretation of the language used in the release itself, the engines that we are testing for the Army to determine and help solve the wear and tear issues are commercial engines built by manufacturers other than Alternative Fuel Technologies." The spokesperson goes on to state, "In the news release where it says '[O]ur test results show that the pump suffered high wear in a short period of time because of the fuel characteristics,' we were describing the effect of JP-8 on the commercial fuel pumps which the army had us test and has now invited us to make a proposal for curing their current issues."

The Army has been very pleased with Alternative Fuel Technologies' work on this project and is currently analyzing the Company's proposals to solve the "wear & tear" issues of the engines made by these commercial manufacturers.

On July 19 AFTC submitted a detailed proposal to resolve the wear problem using technology developed for the DME fuel injection system and awaits response. If awarded this proposal, the AFTC could be awarded up to $730,000 in funding for Phase II.

About AFTC:

Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.

Safe Harbor Statement: Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.

Further information on Alternative Fuel Technologies Inc. is available at:

Contact Information

  • Contact:
    InvestSource Inc.
    Investor Relations
    Email Contact