HyPower Fuel Inc.

May 17, 2011 09:35 ET

HyPower Fuel Announces Valuation in Excess of $100 Million

CALGARY, ALBERTA--(Marketwire - May 17, 2011) -HyPower Fuel Inc. (PINK SHEETS:HYPF) -

HyPower hereby reports that it has signed a Memorandum of Understanding to purchase a control block position in its second Target Company (TC2). A spokesperson for HyPower was enthusiastic in commenting that "TC2 has received a preliminary Business Valuation in excess of $100 Million which is based on projected earnings for only the first product for TC2's technology. The business valuation was done be an independent Chartered Financial Analyst who has spent years performing valuations for some major investment banks."

Mr. Douglas Bender, CEO of HyPower, commented that "HyPower has successfully negotiated the MOU at a significant discount to the current valuation. For the time being we are not divulging any information that could jeopardize TC2's product protection including the names of the inventors. Steps are already being taken to align TC2 with major distributors in the industry and to present the initial product at a leading product exposition later this year. All indications are that the initial product will generate large sales order immediately."

About HyPower Fuel Inc.

HyPower is a category leading company in various technology sectors, providing innovative, environmental technologies through unique methods.

Safe Harbor – This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of HyPower Fuel Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The actual results achieved may differ materially from any forward-looking statements due to these risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

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