REDFORD, Mich., May 18, 2010 (GLOBE NEWSWIRE) -- Alternative Fuel Technologies, Inc. (Pink Sheets:AFTC) announced today that they have received an order to supply four DME feed pumps from the Korea Institute for Energy Research (KIER) for use in the development of DME fueled light duty (mini) trucks. The pumps have been manufactured and shipped to Korea.
"KIER is interested in AFTC's DME technology as a replacement for diesel fuel and views DME as an economic means by which the country may improve air quality and gain increased energy security in the future," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. "In addition, government officials realize the potentially massive economic benefits associated with widespread adoption of DME as a fuel source. "
KIER has previously purchased 11 DME feed pumps from AFTC in the recent past. This new order brings the total to 15 units. Altogether, the Company has sold about 30 DME feed pumps to customers in Asia and Europe.
In addition, a large Asian diesel engine manufacturer recently requested a production quote for 50-100 pumps per month.
About Alternative Fuel Technologies, Inc.
Alternative Fuel Technologies, Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel --www.aboutdme.org/">dimethyl ether (DME). The Company has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The Company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011. For more information, visit: http://www.altfueltechnology.com
About KIER
The Korea Institute of Energy Research is a Government entity focuses on advanced energy Research and Developments projects with the goal of mass implementation and commercialization of efficient, clean energy alternatives. For more information, visit: http://www.kier.re.kr/open_content/eng/main_page.jsp
About DME
DME is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NOx emissions are lowered dramatically without the use of expensive exhaust aftertreatment devices.
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