OSHAWA, Ontario, April 29, 2011 (GLOBE NEWSWIRE) -- Dynamic Fuel Systems Inc. (TSX-V:DYA) ("Dynamic" or the "Corporation"), announced today that Mr. Andrew Greig has been appointed to the Corporation's Business Advisory Board.
The Corporation's dedication and commitment to improve its product offerings in the field are strengthened today with the appointment of Mr. Andrew Greig to its Business Advisory Board. "We are delighted that Andrew has agreed to join our team and welcome him to our Business Advisory Board," said Mr. John Hultink, Chairman & CEO of Dynamic. "We are committed to strengthening the Corporation as a whole and welcome the knowledge, experience and business acumen that Andrew brings to our Corporation."
Andrew Greig is a visionary entrepreneur with over 25 years of success predicting the technology sector. His sixth sense of market direction and mindful respect of global dynamics have caused Andrew to produce outstanding results in the satellite industry, telecommunications, enterprise level solutions, and open source computers.
Currently, Andrew is the founder and CEO of Vizzeco.com, a global Google business apps reseller, capitalizing upon the shift in the market from Microsoft products to Google Business Solutions. Through Vizzeco.com, Andrew has relationships and partnerships with some of the most powerful companies in the world at introducing technology, managing efficiencies and implementing deployment. Andrew is comfortable in multiple jurisdictions, and thrives in global projects.
Andrew has built world class teams and established key relationships with global personalities in a myriad of verticals. His vast networks of connections reach from the Presidents of Countries to an eclectic assortment of the ultra-rich and influential. Never at a loss for words, Andrew is an out of the box thinker who melds an infectious enthusiasm for our planet, and all of its inhabitants, with impressive technical prowess.
Andrew leads with vision and an uncanny ability to create order from chaos. Constantly challenging the status quo, he makes no apologies for his voracious appetite for the kinds of change that propels humanity forward towards a healthier, greener future for all.
About Dynamic Fuel Systems Inc.
Dynamic Fuel Systems Inc. is an Oshawa, Ontario, Canada-based energy Sector Company engaged in the sales & marketing, manufacture, distribution, installation and support of a transportable hydrogen generator aftermarket product targeted for use in the heavy tractor trailer industry. Its flagship product, the HydraGen™, is a patent-pending aftermarket retrofit solution that provides performance enhancement by mixing hydrogen into a vehicle's intake air, resulting in greater fuel efficiency supporting on and off road industries. The scientific and product development of the HydraGen™ is consistent with the Corporation's on-going commitment and dedication to improve the Corporation's current and future product offerings. Its business was founded in 2001.
The Corporation's emphasis during the on-going field trials to date was focused on delivering a HydraGen™ product that will survive the rigors of the transportation industry and to provide a reliable, sustainable and robust product to our end customers. The positive results of the on-going trials have permitted the Corporation to begin the commercialization of the HydraGen™ product. As our testing continues, the Corporation will provide specific and verifiable data confirming performance results, emission reductions and fuel savings.
The Corporation's relationship with companies with specific knowledge of gas calibration systems and the equipment required to run infield testing, continue to offer the Corporation opportunities for growth and continued development of the HydraGen™ product for additional industries.
Applications of our new technology are scheduled to commence testing on large diesel engines such as railroad, ocean, transit and equipment used in the oil and gas industries. This testing will provide an increased database of diesel engine types and provide a design reference for application of the HydraGen™ product for those specific applications.
We are at the early stages of exploration in these fields and look forward to seeing the impact of the new HydraGen™ technology within these industries. Our focus is to provide solutions to power generating equipment with major companies, where the goal of a greener environment is at the forefront.
This release includes forward looking statements, which are based on certain assumptions and reflects management's current expectations. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the emerging hydrogen economy, including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Mr. Grove Bennett President Dynamic Fuel Systems Inc. 1288 Ritson Road Nth, Suite 385 Oshawa, Ontario L1G 8B2 905-831-2440 x 613 www.dynamicfuel.com