SOURCE: Highline Technical Innovations, Inc.

Highline Technical Innovations, Inc.

December 07, 2011 12:25 ET

Highline Technical Innovations, Inc. Signs On Alert Agri Distributors, Inc. as Master Distributor for Canada and Updates Shareholders on Recent Events

FARMINGTON, AR--(Marketwire - Dec 7, 2011) - Highline Technical Innovations Inc. (PINKSHEETS: HLNT) announced today that it has entered into an agreement with Alert Agri Distributors (AAD), Inc. as the Master Distributor for Canada. AAD is based out of Winnipeg in the Canadian province of Manitoba and has been in business for 26 years. According to HTI, AAD will strategically position dealers throughout Canada with focus on transportation, mining, marine and forestry industries.

The Wildcat Hydrogen Supplemental Fuel System increases fuel efficiency in internal combustion engines, both diesel and gas, in applications such as cars, boats, tractor-trailer rigs, agriculture and industrial equipment. Recently HTI announced that it had submitted its application to the EPA to verify the Wildcat Hydrogen Supplemental Fuel System seeking inclusion on the approved verified technologies list under the National Clean Diesel Campaign (NCDC). The company stated that the status of being the only hydrogen-related product on the NCDC approved technology list would establish the HTI Wildcat Hydrogen Supplemental Fuel System as the recognized leader in hydrogen technology. HTI CEO Charlton Coats stated, "Completion of successful demonstrations for fleets and governmental organizations paralleled with positive documented results on in-field applications has established the foundation of credibility for our Wildcat system. Our remarkable progress in the field of hydrogen supplemental technology is gaining traction and we have received many substantial inquiries, several of which cross international borders, including two upcoming visits with parties from the Middle East and Asia. AAD is a product of the growing awareness of HTI being the leader in the field of hydrogen supplemental technology."

AAD and HTI reported that a dialogue between the two companies began in June 2011 discussing the market potential in Canada. The transportation sector alone represents over 4% of Canada's GDP which was 1.57 trillion dollars in 2010. One of the features that make the Wildcat system attractive for the Canadian market is the remarkable resistance to freezing. Harsh winter climates exist in the Canadian provinces, which at times can reach temperatures of -50 degrees Fahrenheit. The Wildcat system effectively operates at temperatures of -34 degrees Fahrenheit with the standard solution mix. Solution percentages can be adjusted for efficiency depending on the requirements of any given climate. AAD and HTI initiated an agreement after the completion of a comprehensive demonstration and product evaluation at HTI's corporate headquarters in Northwest Arkansas. AAD further stated that the initial steps of establishing a national dealer network has already begun.

HTI announced today that an independent party recently completed a scheduled partial tear-down of an engine of one of the test units involved in a local carrier pilot program. The tear-down took place to verify the expected effects of the Wildcat hydrogen supplemental fuel system on the internal parts of the engine. HTI posted pictures of the engine that can be viewed on its website. The pictures revealed the absence of carbon build-up that is typically found in diesel engines after long-term continued use. HTI reported that the name of the carrier and shop facility will be withheld until the contract for fleet implementation of the Wildcat system is completed.
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HTI also reported the greatly anticipated HOSS UTV arrived in California via marine transport on November 15, 2011. The company stated that this is the second time the HOSS has arrived into the US. It was reported that a labeling error on shipping occurred that placed a hold on the unit and it could not be cleared through customs. It was determined that the HOSS would have to be sent back or destroyed. An EPA-certified lab is to begin the emissions certification required by recently mandated regulation. Upon successful completion of the testing by the independent lab and completion of performance testing by HTI management, HTI and Dong Feng Motors, Inc. will continue into the next phase of the joint venture announced in the latter part of 2010.

CEO Charlton Coats confirmed that Mel Robinson resigned from the Board of Directors effective November 10, 2011. In addition to the board of directors authorizing two additional positions foreseeing future associations, H.C. Southern has agreed to fill one of the four vacant seats. Mr. Southern is a Vietnam-era veteran where he proudly served our country as an electronic technician in the Army Security Agency (ASA). After furthering his education, he enjoyed a distinguished career of 19 years as an Electrical/Process Control Engineer in the Pulp and Paper and Petro-chem industries. Returning to school he then completed a Psychology degree with intentions of entering Medical School. He chose Law School instead and has been practicing law in Northwest Arkansas/Northeast Oklahoma for the past 12 years. He is admitted to practice Law in Oklahoma, Arkansas, and all associated Federal Courts as well. His name appears on the Senior Walk at the University of Arkansas in three different locations, once for each degree he earned. He has served as General Counsel for HTI for the past year. Now, as a member of the HTI Board of Directors, his unique skill set brings both engineering and litigation experience the company will rely upon as it enters agreements that will set the stage for growth and performance in 2012.

HTI CEO Charlton Coats issued the following statement. "HTI shifted its emphasis to the transportation industry in the second quarter. Many events have taken place to lay the groundwork for HTI growth and expansion. Verification with the EPA, demonstrations, meetings and test programs with industry leading carriers, demonstrations with government officials along with the preparation of paralleling with synergistic technologies with established customer basis will take us into a new era in the history of HTI. I, along with other members of our team, have recently visited organizational leaders in Dallas, Kansas City and Atlanta that culminated in the consummation of a critical partnership in the expansion of HTI that we will announce in the near future." HTI reported that CEO Coats will be in Chicago the remainder of the week to meet with lateral partners of the agreement parties with a follow-up meeting in Atlanta.

This release includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. These statements can generally be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" and similar expressions that indicate trends and future events. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ.

About Highline Technical Innovations, Inc.
HTI is a publicly traded corporation (PINKSHEETS: HLNT) dedicated to producing innovative, high quality products that are economical and good for the environment. HTI's subsidiaries include Highline Hydrogen Hybrid Inc., maker of the Wildcat Hydrogen Booster, a supplemental fuel system that increases fuel efficiency in internal combustion engines, both diesel and gas, in applications such as cars, boats, tractor-trailer rigs and agriculture and industrial equipment. Another subsidiary, Hoss Motor Sports, has designed and developed an off-road commercial utility vehicle and is in the process of manufacturing the UTV with joint venture partner Dong Feng Motors of China. The company maintains offices and manufacturing sites in Northwest Arkansas.

For more information on HTI, visit www.highlineinnovations.com

Contact Information

  • CONTACT:
    Charlton Coats
    479-267-6000