OSHAWA, Ontario, Aug. 30, 2011 (GLOBE NEWSWIRE) -- Dynamic Fuel Systems Inc. (TSX-V:DYA) ("Dynamic" or the "Corporation"), announces that it has released updates to its website www.dynamicfuel.com. The revised layout and content provides additional information on its flagship product, HydraGen™.
"This represents the first of a number of planned updates to our site. We will continue to expand the depth and breadth of content on our site in an effort to keep our customers, prospects, investors and the general public informed about our products, services and performance," stated Grove Bennett, President of Dynamic.
The Corporation is pleased to announce the installation and delivery of its flagship product, the HydraGen™, at a rate of eight (8) units per week by the Corporation's customer support and installation team in Zeeland, Michigan. In addition to an initial order and delivery of 40 units, Dynamic received a recent supplemental order for the delivery and installation of an additional seventy (70) HydraGen™ units.
A customer support centre was established in Zeeland, Michigan to support the Corporation's commercialization strategy in North America. Dynamic`s customer support and installation team has successfully installed and delivered twenty four (24) HydraGen™ units of the supplemental seventy (70) unit order, leaving forty six (46) HydraGen™ units of the present purchase order to be installed and delivered.
The Corporation announces that Mr. Rakesh Malhotra will no longer be performing in the role as CFO of the Corporation. The Corporation thanks Mr. Malhotra for his contributions.
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is an Oshawa, Ontario; Canada based energy Sector Company engaged in the sales & marketing, manufacture, distribution, installation and support of a transportable hydrogen generator aftermarket product targeted for use in the heavy tractor trailer industry. Its flagship product, the HydraGen™, is a patent-pending aftermarket retrofit solution that provides performance enhancement by mixing hydrogen into a vehicle's intake air resulting in greater fuel efficiency. Its business was founded in 2001.
This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.