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E-Clips Energy Technologies Announces Development Arrangement with Hydrogen Technology Applications, Inc.

Posted on: Friday, 24 April 2009, 07:30 CDT

ST. PETERSBURG, Fla., April 24 /PRNewswire/ -- E-Clips Energy Technologies, Inc. (OTC Bulletin Board: ECET) announced today that the Company has signed a Letter of Intent with Hydrogen Technology Applications, Inc. (HTA) of Clearwater, FL, to co-develop a hydrogen-oxygen injection system to be used in gasoline internal combustion engines and marketed as a part of the Company's HHO product line.

Hydrogen Technology Applications and the Company plan to collaborate on the development of an H-Hybrid unit that can be provided to Champion Auto-Sales under a separate collaboration agreement which was announced on April 22nd, 2009. E-Clips Energy Technologies (EET) and HTA will define specifications for an initial 'market test' version of H-Hybrid units, utilizing the Company's patented fuel-efficiency system. It is anticipated that the developed prototypes will be tested for a number of applications in different market sectors.

Mr. Ben Croxton, CEO of EET, commented, "This is an excellent arrangement from which we expect to provide a number of highly fuel-efficient systems that have a wide range of market applications. In today's world, there exists a greater demand for fuel economy and emission reduction technologies and our HHO Product Line will meet these twin demands head-on."

"We are very glad to be working with EET on developments involving hydrogen-oxygen technology," said Mr. Russ Scott, COO of HTA. "Our companies have traded intellectual property in the past and our complementary skill sets give me confidence that we will succeed in developing effective H-Hybrid systems that will be used throughout several markets."

Through the LOI with Hydrogen Technology Applications, www.hytechapps.com, EET proposes to collaborate on the development of HHO systems for gasoline, diesel and free-standing engines and generators that will provide value to customers in the transportation sector and fixed industrial locations. The primary market for gasoline engines consists of over 230 million cars and light passenger transport vehicles, each of which can be retrofitted with the Company's H-Hybrid system. Major market sectors for diesel engines are road transport (larger motor cars, trucks and passenger transport vehicles), rail transport and shipping, where heavy-duty marine diesels and generators provide motive and electrical power for vessels.

About E-CLIPS ENERGY TECHNOLOGIES, INC.

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

For more information, please visit www.eclipsenergytechnologies.com.

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

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