SCOTTSDALE, Ariz., April 26, 2012 (GLOBE NEWSWIRE) -- Green Planet Group, Inc. (Pink Sheets:GNPG) announced today that it has formed another wholly owned subsidiary, AAQIS, Inc. to finish the development and then begin commercialization of a new hydrogen technology that is complementary to both its XenTx and Synergyn product lines.
XenTx technologies, primarily focuses on two major engine systems that improve fuel efficiency and reduce emissions. The initial emphasis was to reduce the losses to heat and friction in an engine (or other device) by treating the internal metal surfaces with XenTx Extreme Engine Treatment, which over time hardens, smooths and coats the internal components. A small amount of engine treatment is added to the engine oil or to the "lubrication side" of the engine. The second technology that was developed are two unique diesel fuel additives. Both are mixed with diesel fuel and have different uses. XenTx Extreme Diesel Fuel Additive is a "combustion enhancer" which improves the combustibility of the fuel resulting in improved efficiency and reduced emissions. The other diesel fuel additive, Clean Boost Low Emissions (CBLE) is primarily designed to reduce emissions.
The new hydrogen technology breaks down water into its molecular components (hydrogen and oxygen) and these two gases are fed into the engine through the air intake. Both of these gases when mixed with the fuel, improve combustion and significantly reduce emissions. The basic technology is not new, but our unique solutions and the improved performance of our hydrogen system will set a new standard for the entire industry. Very early test results indicate that combining these three technologies together will have a system that will consistently improve fuel efficiency by approximately 20% and reduce emissions in excess of 50%.
Edmond Lonergan, President and CEO stated, "We now have technologies that will work together to provide for improved fuel economy and reduced emissions. We are currently building pre-production hydrogen prototypes to confirm the viability of this technology and these will be completed within 90 days." Lonergan continued, "Our initial target markets are off-road and marine applications followed by large truck fleet operators. We believe that revenues for this subsidiary could grow to $20 million within 12 months from the start of production."
Green Planet Group, Inc. will provide continuing updates to all investors and shareholders as this technology is implemented. For more information please visit www.aaqis.com.
About Green Planet Group
Green Planet Group, Inc. (Pink Sheets:GNPG) is based in Scottsdale, AZ and engages in ongoing research and development to create products and services that enhance our environment. The Company's revenues are currently derived from the production and distribution of fuel-based energy conservation and clean-air products, as well as through the placement of members of the growing ranks of the unemployed into meaningful "green collar" careers. For additional information, please visit www.greenplanetgroup.com.
SAFE HARBOR: Certain information included herein may contain statements that are forward looking, such as statements relating to plans for future expansion and other business development activities. Such forward-looking information is subject to changes and variations which are not reasonably predictable and which could significantly affect future results.