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HyPower Fuel Files Additional Biodiesel Patents to Protect Its Green Technology
Tuesday, April 28, 2009
Wilmington, DE -- HyPower Fuel Inc. (PINKSHEETS: HYPF) today announced that it has filed for patent pending status in numerous additional countries to protect its novel, waterless biodiesel production process. The patent protection is being pursued in order to allow HyPower to formalize and execute its comprehensive worldwide sales and marketing strategy for the process.
HyPower has filed for patent protection in all primary biodiesel producing countries including South Korea, Malaysia, China, Indonesia, India, Canada, United States of America, Brazil, Croatia and Europe. The protection sought under the European Patent Cooperation Treaty is unique in that it potentially covers multiple countries in the European Union. Translation of patents into a number of languages is being undertaken as part of the patent application process.
"Given the increasing awareness of HyPower's unique biodiesel process and the high degree of interest shown in our technology around the world, securing adequate patent protection has become a priority," stated Mr. Douglas Bender, CEO of HyPower Fuel. "We now feel much more confident in being able to share critical, confidential information with potential purchasers."
With the patent application process substantially complete, HyPower announces that Robert Donick has left the company as an advisor and consultant to further his other business interests.
About the HyPower Biofuel Process
The HyPower Biofuel process is a "next generation" 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 biodiesel. All inputs are recovered or converted to saleable products. The capital and operating costs and the environmental footprint of the process should also 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
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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