CALGARY, Alberta, March 20, 2007 (PRIME NEWSWIRE) -- Clean Power Technologies, Inc. (OTCBB:CPWE) (Frankfurt:XETRA:C1L) (http://www.cleanpowertech.co.uk), a developer of a unique and environmentally friendly alternative hybrid power technology, has gained interest from two separate envoys from China.
On March 13, 2007 two delegates from China, each representing separate entities, visited the Clean Power facility in Newhaven, East Sussex, England. Both were given a guided tour through Clean Power's development facility. The representatives viewed Clean Power's state-of-the-art facility, which is completely outfitted with full computational support with Computer Aided Design 3D Modeling software and a fully automated Engine Test Dynamometer. Clean Power anticipates that implementation of the planned hybridized Mazda RX8 vehicle will be complete by the fall of 2007, with test drives and real road usage to follow.
The interest in Clean Power's technology from Chinese business interests has been increased recently due to the Chinese government's statements indicating its intentions to promote "green" autos. China is aggressively pursuing policies to solve the emission problems which are plaguing its towns and cities. Earlier this month the Chinese government published a draft regulation on managing the production of alternative energy vehicles and called for suggestions and comments in order to implement regulations on the production of autos fueled by alternative energies, with the goal of encouraging research, leading to the production of environmentally friendly "green" vehicles.
"Both representatives showed keen interest in Clean Power's hybrid development program. The delegates expressed strong interest in this technology and indicated their desire to explore future collaborations and business opportunities with Clean Power," stated Mr. Abdul Mitha, President/CEO of Clean Power.
Clean Power considers China to be very important indeed and potentially a key market for their technology. China has the fastest growing auto manufacturing sector in the world and is also proactively addressing issues relating to their oil dependency problems. Its emission and atmospheric pollution problems are well known. The Chinese government has taken strong initiatives in recent years to clean up its environmental and emission related problems. Mr. Mitha further stated, "Clean Power is confident that its hybrid power technologies will make an impressive contribution to solving these problems on a worldwide scale. We are encouraged by the level of interest and commitments shown by our Chinese guests and we are proud to receive such strong support from them. We look forward to continuing our informal exploratory discussions in the coming months as we move forward with our development plan."
About Clean Power Technologies Inc.
Clean Power Technologies, Inc. (OTCBB:CPWE) is a developer of a unique and environmentally friendly alternative hybrid power technology. Clean Power has put together an impressive engineering team of seven professional engineers, which consists 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 3D Modeling software, a fully automated Engine Test Dynamometer. Clean Power anticipates that by the 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.