Started a position this morning !
Check out the contracts they have, this will be a big Gapper, get in early, YTD low is .16 cents, this is the floor!
Press Release Source: Hybrid Fuel Systems, Inc.
Hybrid Fuel Systems Issued China Patent for Dual Fuel Diesel Technology
Wednesday February 15, 7:30 am ET
TAMPA, Fla.--(BUSINESS WIRE)--Feb. 15, 2006--Hybrid Fuel Systems, Inc., ("Hybrid" or the "Company") (OTCBB:HYFS - News) manufacturer of a patent dual-fuel diesel to natural gas conversion technology, today announced the Company has been issued a patent for its Dual Fuel Diesel Technology entitled "Methods and Apparatus for Operation of Multiple Fuel Engines" published by the Chinese Patent Office on November 23, 2005.
Hybrid Fuel Systems, Inc. holds a worldwide license to commercialize a patent system for the conversion of diesel engines to non-petroleum-based fuels such as natural gas. The Hybrid Fuel System is a patented technology for converting a wide range of existing medium and heavy-duty diesel engines to replace up to 80% of the diesel fuel with clean-burning, economical natural gas.
"In positioning our Company to enter the international marketplace, we are pleased with our progress securing critical intellectual protection for markets such as China," said Hybrid CEO Mark Clancy. "China is a particularly interesting market for our conversion technology as there is a dramatic price differential between diesel and natural gas. We will continue to seek foreign patents in markets we deem promising for growth," concluded Mr. Clancy.
About Hybrid Fuel Systems, Inc.: Hybrid Fuel Systems, Inc. (OTCBB:HYFS - News), formed in 1996, delivers its patent dual-fuel diesel to natural gas conversion technology and resells a portfolio of gasoline to natural gas and propane conversion systems through both Company-owned and franchised service centers in twelve states and directly to domestic and international original equipment manufacturers. The Company's primary facility is a 12,000 square foot state-of-the-art systems development and emission testing lab in Atlanta, Georgia. The Company's current clients include General Motors (NYSE:GM - News), http://www.gm.com; United Parcel Service (NYSE:UPS - News), http://www.ups.com; US Postal Service; Dallas County School System, Portland, Oregon School System; Oklahoma Natural Gas and a host of private purchasers.
For information at the Company contact CEO Mark Clancy the Company's corporate headquarters at 813-287-5787 or by cellular phone at 813-624-5515 or visit the Company's web site at http://www.hybridfuelsystems.com
Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Hybrid actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.
Hybrid Fuel Systems, Inc., Tampa
Mark Clancy, 813-287-5787
Started a position this morning !