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Alternative Fuel Technology
(OTC.PK: AFTC)
AFTC is in the right sector "Alternative Fuel"
AFTC Growing International Business
AFTC U.S. Business Growing
The Entire World is being forced towards alternative fuel technologies and AFTC has the fuel technology needed.
AFTC "Several Contracts From U.S. Department of Defense's Small Business Innovation Research (SBIR) program."
AFTC goal is to be in major production with their DME Feed Pumps and their Fuel Systems in the automotive global market by 2011 AND SUBSCRIBERS OF FIRST ALERT are in front of investment herd that will find out about AFTC.
AFTC "anticipate several new SBIR contract wins, for larger projects ranging from $500,000 to $700,000."
AFTC CEO Said, "I...take this opportunity to reassure our shareholders that we are poised to take advantage of the positive trends in the alternative energy market and our longstanding relationship with the SBIR program, which we believe will result in near-term market share gains."
AFTC Already has Projects With The U.S Army "AFT is also engaged in several other advanced fuel system projects for the U.S. Army including a Phase 2 contract valued at more than $700,000...".
AFTC Shareholders can EXPECT U.S. ARMY FINAL AWARD that is currently being negotiated "for the redesign of a commercial diesel common rail pump to lower wear to acceptable levels."
AFTC DME is a "viable alternative to petroleum-based diesel fuel. DME, made from biomass, offers a very high reduction of carbon dioxide emissions – around 95%...".
AFTC rolls into Korea with order from "Korean Institute for Energy Research (KIER) for several of our DME fuel feed pumps for a new DME vehicle research project that is slated to begin in June."
AFTC DME is gaining attention elsewhere around the world as well because it is more inexpensive and cleaner than petroleum-based diesel fuel.
AFTC Companies like Volvo Truck, which uses DME to power a portion of their fleet, and a major European car manufacturer, which is evaluating DME as a possible passenger car fuel, are beginning to see the value in this low-cost, environmentally friendly alternative to petroleum-based diesel fuel. Japan and India are also working diligently to use DME as a new fuel for heating, cooking, power generation and transportation.
AFTC AFT has already penetrated the Chinese market recently announcing new orders for 12 DME feed pumps from Shanghai Diesel Engine Co., a wholly owned subsidiary of Shanghai Automotive Industrial Corporation (SAIC). SAIC currently has a joint venture with General Motors, and operates approximately 50 manufacturing plants in the Shanghai area that make passenger cars, tractors, motorcycles, trucks and buses.
About Alternative Fuel Technologies, Inc.
Alternative Fuel Technologies, Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). The Company has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The Company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.
For more information, visit http://www.altfueltechnology.com
News and Research Source: http://finance.yahoo.com/q?s=AFTC.PK
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