CALGARY, Alberta, Feb. 27, 2007 (PRIME NEWSWIRE) -- Clean Power Technologies Inc. (OTCBB:CPWE) (Frankfurt, XETRA:C1L) (www.cleanpowertech.co.uk), a developer of a unique and environmentally friendly alternative hybrid fuel technology, is pleased to inform investors and the investment community that we will be participating in CleanBusiness2007, a Business conference in Bahrain in late May.
CleanBusiness2007 is a dedicated Business-to-Business (B2B) event; it is not a scientific conference, but rather a business exchange forum. Presentations are reserved for companies that are strictly involved in environmentally friendly business or technology. CleanBusiness2007 will bring regional (Middle East) venture capitalists, investing banks, and individual investors that are interested in investing in clean technology; and businesspeople that are looking for joint venture, partners, dealerships, representations, and distributorship in the emerging clean businesses. Several regional investment groups have already confirmed that they plan to attend including Intelnacom and lbassam Investment Group among others. CleanBusiness2007 will be held in Moevenpick hotel, Bahrain, May 29-31, 2007.
Abdul Mitha, President and CEO of Clean Power stated, "The Middle Eastern region includes some of the fastest growing economies globally and is rapidly emerging as a world leader in adopting green technologies. This conference will give Clean Power an excellent chance to share its unique Steam/Hybrid technology with the regional participants that are highly interested in clean technologies and the environment. The event is structured to facilitate networking among the participants; not only will Clean Power have the occasion to make a full presentation, but will have the opportunity for networking and meeting with regional investment groups and businesses. Several regional investment groups have confirmed to attend including Intelnacom and lbassam Investment group among others."
Attending the Conference on behalf of Clean Power Technologies will be Abdul Mitha, President and CEO, Professor Fred J. Bayley (Professor Emeritus of Mechanical Engineering, University of Sussex, U.K. and father of CESAR process technology) and Michael Burns, Project Director. They will participate in the presentation, man the exhibit table and have the opportunity to talk and meet with attendees of the show throughout the 3 day event.
About Clean Power Technologies Inc.
Clean Power Technologies Inc. (OTCBB:CPWE) (Frankfurt, XETRA:C1L) is a developer of a unique and environmentally friendly alternative hybrid fuel technology. Clean Power has put together an impressive engineering team of 7 Professional Engineers which consist of a Mechanical Vehicle Integration Specialist, a Thermodynamic Specialist, an Engine Management Electronics Specialist, a Vehicle Systems Specialist, a Graphics Designer and Vehicle Builder, a Robotic Engineer and a Control System Specialist. These specialists make up the Clean Power development team and provide significant expertise to enhance the development and implementation for this unique hybrid fuel technology.
Clean Power Technologies Inc. operates out of its own development facility. The state of the art facility is located in England and is completely outfitted with full computational support with Computer Aided Design 3-D Modeling software, a fully automated Engine Test Dynamometer. Clean Power anticipates that by the late Fall of 2007 the planned hybridized Mazda RX8 vehicle will be ready for road use.
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Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in current and periodic reports and other documents filed by Clean Power Technologies with the U.S. Securities and Exchange Commission. Clean Power Technologies undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.