HyPower Fuel Inc.

February 10, 2011 07:31 ET

HyPower Fuel Signs Major Development Agreement

CALGARY, ALBERTA--(Marketwire - Feb. 10, 2011) - HyPower Fuel Inc. (PINK SHEETS:HYPF)

Pursuant to its recent initiative to ensure its shareholders are kept informed of significant developments, HyPower announced today that it has signed a major development agreement for $5 Million.

HyPower President, Mr. Douglas Bender, stated that "HyPower has developed and positioned itself with very exciting new technologies which have major "Spin-Off" possibilities to sectors and products not initially envisioned. With the assistance of top-flight professionals and our dedicated core team at HyPower, this development agreement is just one of many similar agreements that these new technologies will generate for new products and services in a variety of fields. 2011 is fast becoming HyPower's year of emergence."

About HyPower Fuel Inc.

HyPower is a category leading company in the energy technology sector, providing innovative, clean alternative energies through unique methods. Currently HyPower has hydrogen insertion/production and biodiesel 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 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. 

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