Patriot Energy Corporation

Patriot Energy Corporation

March 17, 2009 09:01 ET

Patriot Energy Begins Testing With Major Foreign Automaker Ahead of Schedule

MONTREAL, QUEBEC--(Marketwire - March 17, 2009) - Patriot Energy Corp. (PINKSHEETS:PGYC) announces today that it has begun the testing and retrofit of the H2O Oxygenator with a foreign automaker a month ahead of schedule.

According to the company, Patriot Energy Corp. recently began talks with a major foreign automaker to make its H2O Oxygenator System a standard feature on all their vehicles and have now completed the retrofit to begin testing the unit. The company believes the test results will not vary much from the results already obtained by the third party laboratories that have evaluated the technology thus far. Once the beta period over, the units could be installed on as many as 1 million vehicles per year for the next 5 years, which is expected to yield over $500 million a year in unit sales and $90 million in Carbon Credit trading. In addition to the testing, the automaker has shown an interest in participating in the ownership of the company.

"We knew the retrofit was not a big challenge since we have installed our unit on many different models in the past and the engineers completed the retrofit easily and without any issues," said Tony Bisante, President and CEO of Patriot Energy. "Given the great results so far, we hope to entice another large automaker to begin testing of their own," further added Mr. Bisante.

About Patriot Energy Corp.

Patriot Energy Corp. is a management holding corporation, which owns a wholly owned subsidiary named Telteck Solutions and owns a 99 year exclusive leased license agreement with Tectane Technologies Corporation for the Dual H2O Engine Oxygenator and New Tri-Brid Engine (Electric/Flex-Fuels/H2O) Technologies. Patriot Energy specializes in the development and marketing of energy efficient technologies with a focus on reducing America's dependence on Foreign Oil.

Total Shares Outstanding (fully diluted): 193,500,000

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

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