June 16, 2008
Sustainable Power Corp.’s All Green Jet Fuel, Combined With an Undisclosed Airline Jet Fuel, Provide Favorable Test Results on “All-Green” Bio-Jet Fuel Blend
Sustainable Power Corp. (PINKSHEETS: SSTP) is pleased to announce today that joint testing conducted with an undisclosed airline, which provided jet-fuel, combined with the Company's "All-Green" bio-jet fuel, resulted in impressive results.
A 90/10 jet fuel blend was created by combining ninety percent (90%) of the undisclosed airline's currently-used petroleum-based jet fuel with ten percent (10%) of Sustainable Power Corp.'s "All-Green" bio-jet fuel.
The sample testing, conducted by AmSpec Services, LLC, concluded that Sustainable Power's 90/10 blend had met and exceeded current jet fuel specifications and that the Company's "All-Green" bio-jet fuel is a viable replacement for a portion of the petroleum-based jet fuel used in all passenger aircraft.
A link to view the laboratory test results has been posted here: http://www.sustainablepower.com/content/resources/jetfuel_080610.pdf
Neil Boone, V.P. of Special Projects for Amspec, stated, "We were pleased to oversee the blend between this airline's current jet fuel and Sustainable Power Corp.'s bio-jet fuel. The attached lab results met and surpassed all the standards the airline has requested from us."
John Rivera, Chairman of SSTP, stated, "In 2007, the total jet fuel consumed for domestic and international scheduled flights totaled over 18 Billion gallons(1) and these figures do not include military or private aircraft use. With the current price range for jet fuel of $7-$8(2) per gallon in some areas of the United States, an initial 10% share of this market would be an overwhelming achievement for the Company."
"Given the current rise in jet fuel and all petroleum-based products, a goal of a 10% market share should give the investment community an idea of how significant this announcement is to the company's future potential revenue stream," added Mr. Rivera.
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green energy plants utilizing the U.S. Sustainable Energy Corporation's ("USSEC") biocrude discovery, a renewable fuel source able to be produced from non-food feed stock. For more information, please visit www.sstp.us.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate,""believe,""estimate,""may,""intend,""expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
(1) U.S. Department of Transportation, Bureau of Transportation Statistics, "Total Scheduled Service - Fuel Consumption (Gallons) by Quarter for 2007," http://www.transtats.bts.gov/Fields.asp?Table_ID=294
(2) AirNav, LLC, "Fuel Price Report - Summary of fuel prices at 3643 FBOs nationwide," http://www.airnav.com/fuel/report.html
Investor Contact: Redwood Consultants, LLC 415-884-0348
SOURCE: Sustainable Power Corp.