Dynamic Fuel Systems Inc.

May 07, 2009 15:56 ET

Dynamic Announces Pepsi Packing Jetstar™

PICKERING, ONTARIO--(Marketwire - May 7, 2009) - Dynamic Fuel Systems Inc. (TSX VENTURE:DYA) ("Dynamic" or the "Corporation") is pleased to announce the purchase by Pepsi Bottling Group, Inc. ("PBG") of a total of 26 hydrogen-injected trucks from Hydrogen Leasing Company, a subsidiary of one of Dynamic's non-exclusive U.S. dealers, Hydrogen Fuel Systems Inc. ("HFS"). Each of these hydrogen-injected trucks is equipped with Dynamic's flagship Jetstar™ product, in addition to other fuel savings and emission reduction technologies and measures.(1) These sales represent the culmination of an exhaustive testing and review process conducted over the course of several months by PBG, in consultation with HFS, consisting of extensive trials of Hydrogen Leasing Company's hydrogen-injected trucks for the purposes of validating fuel savings and emission reduction expectations. These trials and testing procedures have culminated with the purchase of an initial 26 hydrogen-generated trucks by PBG (each of which is equipped with a Jetstar™ unit).

The new trucks purchased by PBG from Hydrogen Leasing Company are part of a broader initiative to increase the size of PBG's fleet of alternative fuel vehicles (including hydrogen-injected trucks and hybrid electric diesel delivery vehicles) throughout the United States. Five of the hydrogen-injected trucks purchased by PBG have been delivered for service in Orlando, Florida and PBG is also currently investing in new vehicles to serve Los Angeles, CA; Washington, D.C.; Detroit, Michigan; and Wytheville, Virginia. Dynamic looks forward to the opportunity to participate in further environmental initiatives with PBG, Hydrogen Leasing Company and HFS with a view to expanding upon this new relationship.

"The hydrogen-injected engines that PBG will now be using in Orlando are among the most environmentally sustainable over-the-road trucks in the world, boasting a second life drive train that uses 100 percent synthetic oils," said Alan Bishop, president of Hydrogen Leasing Company. "These new hydrogen-injected tractors employ many hybrid technologies, including electric powered functions to replace standard engine powered components that waste fuel."

The purchase of hydrogen-injected trucks by PBG represents one of many initiatives that PBG is undertaking in connection with its commitment to embrace environmentally friendly technologies and business practices. PBG is particularly focused on using natural resources responsibly and producing less waste. In speaking about the Orlando hydrogen injected truck deliveries, Derek Lewis, senior vice president and general manager of PBG's Southeast business unit, commented: "Promoting environmentally sustainable business practices and improving the communities in which we do business are two of PBG's top priorities. The expansion of our fleet of alternative fuel vehicles in the Orlando area signals our commitment to playing an active role in helping Florida achieve its energy and climate objectives. These investments will also generate long-term cost savings for PBG, making it a winning proposition for everyone involved."

Jerry Solensky, Jr., President and CEO of Dynamic, comments, "we would like to express our congratulations to Alan Bishop and HFS on these sales to PBG, which provide further validation of our product and the market opportunity that we are presented with. We would also like to welcome PBG to the Jetstar™ family. PBG has a huge fleet of trucks and we are very excited about the prospects of further developing this relationship and enhancing PBG's environmental initiatives. We are thrilled that a company of PBG's size, reputation and environmental focus has chosen our product for the purposes of enhancing their operations and further ameliorating their environmental sustainability initiatives. We view these sales as the first step in what we hope 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. (NYSE:PBG) 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.

(1) As these hydrogen injected trucks include other fuel savings and emission reduction technologies and measures in addition to the Jetstar™ unit, Dynamic is unable to specifically endorse or adopt any performance related projections made by PBG in respect of these vehicles.

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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