Patriot Energy Corporation
PINK SHEETS : PGYC

Patriot Energy Corporation

December 17, 2008 09:30 ET

Patriot Energy Corporation Acquires Exclusive License From Tectane Technologies Corporation

MONTREAL, CANADA--(Marketwire - Dec. 17, 2008) - Patriot Energy Corporation (PINK SHEETS:PGYC) is pleased to announce the acquisition of an exclusive license to Tectane Technologies Corporation's proprietary and patented technologies.

According to the exclusive 99 year leased license agreement, Patriot Energy Corporation will market Tectane Technologies' global warming solutions including but not limited to the patented AQUAHOL Fuel and Fuel Systems enabling the injection of water and ethanol into conventional automobile engines. Once integrated, there is a direct result of an 800%(1) increase in efficiency over current technologies.

"This new technology can immediately be implemented into the 400 million motor vehicles around the world at very low cost and therefore reduce and almost eliminate damaging emissions from our planet. "Our product not only provides a "green" benefit of reducing wrongful emissions, it also provides a dramatic reduction in fuel cost", said Nino De Santis, President & CEO of Tectane.

For more information on TECTANE and its Technologies, please visit the company's website at www.tectane.com and view the documentary on the company and its technologies.

http://teltecksolutions.com/home.htm

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.

Note (1): Testing data from the U.S. department of Agriculture.

Contact Information

  • Momentum IR
    Maxence Gagne-Godbout
    514-913-0351
    877-253-7001