|
Attention Business Editors
Sparta Capital Ltd. Re-launches Sales and Marketing of Hy-Drive Hydrogen Generating System in Australia
EDMONTON, March 8 /CNW/ - Sparta Capital Ltd. (TSX-V: SAY) is a Master
Sales Agent for the patented Hy-Drive Hydrogen Generating System ("HGS(R)"), a
leading edge fuel savings and emissions reduction technology manufactured by
Hy-Drive Technologies Ltd. of Mississauga, Ontario, Canada.
As the exclusive HGS distributor for on-road heavy transport and buses in
Australia and New Zealand, Sparta is pleased to announce the much anticipated
recommencement of commercial sales and marketing of the HGS in Australia. In
February 2008, the manufacturer paused international sales to reengineer the
product. In the subsequent two year period the HGS has gone through extensive
product development, quality control testing, on-road trials and independent
validation of product performance.
Sparta refers interested parties to a press release issued by Hy-Drive
dated March 8, 2010 where Hy-Drive provides further details of the product's
reengineering and international re-launch.
Mr. Hugo T. Sorensen, Hy-Drive President and CEO, commented, "With
confidence in HGS reliability and dependability, and verified fuel and
particulate matter reductions, Hy-Drive has elected to re-engage in the
Australian marketplace with a shipment of HGS units recently exported to our
Australian sales agent, Sparta Capital Ltd." The full Hy-Drive press release
can be viewed by clicking the "NEWS" tab on the Hy-Drive website
www.hy-drive.com
Mr. Ray Ludwig, Vice President of Operations for Sparta states, "Hy-Drive
has demonstrated a very strong commitment and focused approach in their
reengineering of the HGS. The current model is specifically designed to
integrate with CAT(R) ACERT(TM) and non-ACERT engines, years 1998 to 2006.
Third-party SAE tests conducted on trucks with CAT diesel engines shows HGS
fuel savings of 10.47%, plus a 39.53% reduction in particulate emissions. The
CAT engine is a significant component of the long haul transport market in
Australia where there has been an industry wide focus on emissions reduction
and fuel savings. With retail fuel prices at the pump averaging 50% higher in
Australia than in the United States, Australia is clearly a significant
potential market for the HGS. Sparta has now received an initial allotment of
ten HGS units in Australia. Sales and marketing efforts are to recommence
immediately."
About Sparta
Sparta is a Master Sales Agent for the HGS in the Asia-Pacific region, a
heavily populated region striving to conserve energy and reduce emissions.
Sparta's master license applies to diesel engines employed on trucks, buses,
industrial equipment and stand alone electrical generators.
About Hy-Drive Hydrogen Technologies Ltd.
Hy-Drive Technologies Ltd. is an energy technology firm that has
developed a proprietary, patented hydrogen generating system. The HGS(R)
generates and injects hydrogen gas into a regular internal combustion engine,
enhancing the combustion process by allowing fuel to burn more efficiently and
completely. For further information, visit www.hy-drive.com (TSX-V: HGS)
Forward-Looking Statements
This press release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of future events.
When used herein, words such as "intend" and similar expressions are intended
to identify forward-looking statements. Forward-looking statements are based
on assumptions by and information available to Sparta and Hy-Drive ("the
companies"). Investors are cautioned that such forward-looking statements
involve risks and uncertainties. Important factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements include such risks and factors as are detailed from
time to time in the periodic reports filed by the companies with regulatory
authorities. Actual results may differ materially from those currently
anticipated. The companies have no intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future
events or otherwise.
THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
-30-
/For further information: related to Sparta, please contact: Ted
Rousseau, President, Sparta Capital Ltd., Telephone: (780) 489-8334, Fax:
(780) 487-4470, t.rousseau@spartacapital.com OR Ray Ludwig, Vice-President
Operations, Sparta Capital Ltd., Telephone: (403) 539-9146, Fax: (403)
206-7568, r.ludwig@spartacapital.com/
|
NEWS RELEASES