SOURCE: XFuels Inc.

XFuels Inc.

February 04, 2016 11:10 ET

XFuels Begins Development of Fuel Cell Technology

Company to Utilize Hydrogen Capture Technology in New Fuel Cell System

CAMBRIDGE, ON--(Marketwired - Feb 4, 2016) - XFuels Inc. (OTC PINK: AMZZD) is pleased to report it will begin development on a combined hydrogen and carbon fuel cell using both XFuels' hydrogen capture technology and our non-thermal plasma reforming technology with Converde Inc.'s Carbon fuel project.

The resulting system will be targeted for small and mid market applications with focus on natural gas and biogas conversion to start. The company will integrate our coal slurry reforming technology once there is a successful pilot on the gas system.

Mr. Michael McLaren, CEO, stated, "Having a combined Carbon/Hydrogen fuel cell gives the advantage of using the entire product for electricity and heat production. Most systems to date use conversion technologies to change the carbon into hydrogen via another reaction. The XFuels system will not have to do that conversion and will simplify the system, thus reducing cost and increasing efficiency."

Converde Inc., XFuels' parent company, is currently in negotiations to purchase several gas wells in Alberta, Canada, where the company plans to build and test the pilot project. Management has a target date of August to finish and implement the pilot project.

Mr. McLaren further stated, "We have an aggressive timeline for this product development, however most of the technology involved is already fully developed by the companies and is utilized in other systems. We believe we can make an aggressive timeline for this project, due to the fact it's only a matter of integrating the technologies into a new system."

About XFuels Inc.

XFuels The Clean Petroleum & Power Company, is a publicly held energy company based in Portland, Oregon USA, established to design, build, and operate regionally-integrated, small-to-midcap electricity and petroleum production facilities. XFuels is a leader in carbon-neutral energy solutions, as well as providing water and food technologies specifically designed to improve life on our planet.

The company's (patented and patent-pending) IP delivers one of the highest energy yields (electricity at sub-5 cents per kWh, and diesel fuel profitable at $25 a barrel oil without government subsidies), from a broad range of carbon-bearing inputs (forestry, agricultural, and urban waste including municipal solid waste and plastics), with one of the lowest capital expenditures of any known energy production method. Literally, Garbage-To-Gas.

XFuels offers a range of low cost attractive modular systems via its hydrocarbon bio refinery platform (the XRefinery), which produce low cost electricity and advanced petroleum-equivalent fuels and chemicals in partnership with select small to mid-size industrial energy users (info@xfuels.com) in target markets.

Clean Petroleum chemicals and fuels have the same molecular composition as traditional petroleum, offer premium performance with NEAR-ZERO environmental footprint, and face very few hurdles to full market penetration in today's existing petroleum vehicle fleet and distribution infrastructure.

For more information on XFuels Inc. please see www.xfuels.com

Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of W2 Energy, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond W2 Energy, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in W2 Energy, Inc.'s filings with the Securities and Exchange Commission.

Contact Information

  • For further information please contact:
    XFuels Inc.
    Public Relations and Shareholder Information
    info@xfuels.com