• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

E-Clips Energy Technologies and Champion Auto Parts Sign Letter of Intent for Development of H-Hybrid Fuel Economy Systems

Posted on: Wednesday, 22 April 2009, 07:30 CDT

ST. PETERSBURG, Fla., April 22 /PRNewswire-FirstCall/ -- E-Clips Energy Technologies, Inc. ( OTC Bulletin Board: ECET ) and CPI Holdings, LLC, dba Champion Parts, ( Champion ) have signed a 'Letter of Intent' ( LOI ) regarding prospective development of specifications for prototype fuel efficiency systems for gasoline engines, using H-Hybrid Technology. The systems would be designed for easy retro-fit to most cars. The intention is for the parties to develop H-Hybrid units for a 'pilot project' leading to eventual large scale manufacture and distribution through automotive aftermarket suppliers.

The LOI relates to the development of a universal engine management control unit to restrict the flow of prime fuel into the engine, by electro-mechanical means. The 'saved' fuel is replaced by hydrogen and oxygen gasses, generated by an on-board electrolyser, using water as the secondary fuel. The parties propose that Champion may then test market the prototype H-Hybrid units to select procurement and sales executives in their network of retail outlets, to obtain a perspective on optimal configuration, size and pricing for the product embodiment of H-Hybrid technology.

The parties propose to jointly define specifications for an initial 'market test' version of H-Hybrid units from the HHO product line. Based on information gained from the market test phase, Champion and EET may then develop specifications for a refined 'pilot product' with a view to large scale fabrication.

The universal control unit for the restriction of prime fuel can be set at a determined level - 10% or 15%, thereby ensuring a fuel saving in line with the setting in the control unit. The electrolyser is capable of producing the volume of gasses required to replace the 'saved' prime fuel, without any additional electrical power requirement form on-board sources. This is a unique system which has a double market appeal; fuel economy and emission reduction.

The mix of hydrogen and oxygen gasses with gasoline provides for more complete engine combustion. In a test vehicle, EET reduced hydro-carbon and carbon monoxide emissions by over 90% with particulate emissions - soot - virtually eliminated. The system performs well in excess of current and proposed federal and state regulations for the reduction of emissions in road vehicles. It should be noted that as long ago as 1977, a NASA report indicated large emission reductions when hydrogen was mixed with gasoline before injection into a multi-cylinder engine.

EET owns the patents to the H-Hybrid System, which combines the generation of gasses from water, to the engine management system, which can be set to a specific fuel reduction. The market potential for this technology is 'extremely high,' there being some 230 million gasoline engines in registered road vehicles in the USA.

EET's CEO, Ben Croxton stated: "This agreement gives us a means of addressing the mass market for a universal H-Hybrid system to fit most gasoline engine vehicles. The potential is very large and Champion's nation-wide distribution system will enable a high demand product to be brought to consumers in all parts of the country."

About E-CLIPS ENERGY TECHNOLOGIES, INC.

E-Clips Energy Technologies, Inc. (OTC Bulletin Board: ECET - News) is an Energy Services Company and electronics manufacturer. EET's prime business focus is the development of technology for lowering electrical, gas and water usage for commercial, government and residential facilities. As a pioneer in the manufacture of the finest TVSS systems available in the market today, EET uses cutting edge technologies and unsurpassed design standards to provide its customers with full lifetime warranties on its products.

Forward-Looking Statements

Certain matters discussed in this press release are "forward-looking statements.'' These forward-looking statements can generally be identified as such because the context of the statement will include words such as "expects,'' "should,'' "believes,'' "anticipates'' or words of similar import. Similarly, statements that describe E-Clips Energy Technologies, Inc. 's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of E-Clips Energy Technologies, Inc. , which could cause actual results to differ materially from those currently anticipated. Although E-Clips Energy Technologies, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and E-Clips Energy Technologies, Inc. does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

SOURCE E-Clips Energy Technologies, Inc.

Source: PR Newswire

More News in this Category