SOURCE: HyPower Fuel, Inc.

August 05, 2009 08:00 ET

HyPower Fuel Provides Update on Government Grants, Awards and Incentives for Leading Edge Biodiesel Continuous Flow Reactor

HIGH RIVER, AB--(Marketwire - August 5, 2009) - HyPower Fuel Inc. (PINKSHEETS: HYPF) is pleased to announce that it has recently been the recipient of a number of government grants, awards and incentives concerning its biodiesel technology.

Mr. Douglas Bender, President of HyPower, stated that, "We have retained experienced professional consultants and have been diligently applying for and receiving various amounts from different levels of government from a number of countries. These amounts will be applied towards our unique biodiesel process and our efforts to construct a continuous flow reactor to improve even further on the cost efficiencies generated by our process. Unfortunately we must obtain approval from these various government bodies prior to releasing details of our successes in this area."

About the HyPower Biofuel Process

The HyPower Biofuel process is a cutting edge biodiesel technology that has a number of competitive advantages over conventional biodiesel production methods. The HyPower process uses essentially no catalysts or water to produce or purify the biodiesel produced. All inputs are recovered or converted to saleable products. The capital and environmental footprints of the process should be significantly less than conventional methods of biodiesel production.

About HyPower Fuel Inc.

HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative, clean alternative energies through unique methods. Currently HyPower has hydrogen insertion and production technologies and biodiesel production technologies in development and/or in the product commercialization stage. For more information please visit: www.hypowerfuel.com

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 forward-looking statements are subject to a number of risks and uncertainties. The actual results the Company achieves 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. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

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