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Hy-Drive Announces Third-Party Validation

March 25, 2010

MISSISSAUGA, ON, March 25 /PRNewswire-FirstCall/ – Hy-Drive’s Hydrogen
Generating System (HGS(R)) again proves that it can significantly improve fuel
economy and reduce emissions. Professional Service Industries, Inc. (PSI) of
Portland, Oregon concluded their Third-Party audit on results reported during
a series of extensive tests that were completed on trucks operated by Ontario
Waste Management (a division of Courtice Auto Wreckers Ltd.) of Oshawa,
Ontario
. The recently conducted tests followed SAE Type IV Fuel Testing
protocols and concluded that HGS delivered an overall average fuel saving of
11.9%, with an opacity reduction of 45%. Opacity is a means to measure
particulate emissions in the air. PSI is an industry-leading engineering,
consulting and testing firm with 125 offices.

“I am absolutely convinced that Hy-Drive’s technology significantly
reduces fuel consumption and lowers particulate emissions,” said Harvey “Skip”
Ambrose
, President of Ontario Waste Management (OWM). Test results on Cat
powered company trucks that were equipped with HGS units were so compelling
that OWM recently placed an order for 18 units. Mr. Ambrose added that “HGS
technology will allow us to get meaningful savings and reduce the
environmental impact of our fleet of waste haulage trucks in Ontario.”

HGS definitely delivers upon its fuel economy promise in a real-world
setting, according to one of the drivers at OWM. “I tested an HGS unit on my
truck, which is powered by a 475-horsepower Cat engine, and achieved an
average 13.5% improvement in fuel economy” said Dave Tomchyshen. “On my
regular run, there’s a long grade, about four miles; my truck always use to
labour around fifty (50) miles per hour pulling the grade,” he said. “After
installing the HGS unit, I was able to take the grade at over sixty (60) miles
per hour every time without the engine labouring at all. From the moment we
turned the unit on there was a tangible difference in power.”

Glenn Windrem of Windrem Trucking in Peterborough, Ontario, concurs with
Tomchyshen’s assessment of HGS benefits. “We haul aggregates, iron, stone and
heavy equipment for the construction industry and we’ve been testing two of
the HGS units. On a typical day, one of our trucks with HGS burns 14 gallons
less fuel than an identical truck without HGS. In addition to the identical
specifications, these trucks are working the exact same job, traveling the
same routes and pulling the same loads,” said Mr. Windrem, “The truck with the
HGS installed gets better fuel mileage and, in fact, the fuel saving ends up
being about $43 per day.”

Hy-Drive’s HGS generates and injects small amounts of hydrogen gas
on-demand into the air intake of an engine. The enriched air/fuel mixture
burns more efficiently thereby allowing the engine to extract more clean
energy from the fuel while reducing emissions. The result is improved fuel
economy, lower emissions and improved engine performance.

“We are pleased to receive another third-party validation”, commented Fred
Florence Hy-Drive’s Chief Operating Officer, “but, more importantly, we are
very excited to see early adopters of the HGS technology get “real world”
savings. These customers’ positive results are critically important for us as
we move towards full commercialization.”

About Hy-Drive

Hy-Drive is a technology firm that has developed a proprietary, patented
hydrogen generating system. Hy-Drive’s Hydrogen Generating System (“HGS(TM)”)
generates and injects hydrogen gas into a regular internal combustion engine,
enhancing the combustion process by allowing fuel to burn more efficiently and
completely. For more information, please visit www.hy-drive.com.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the
meaning of applicable Canadian securities legislation. Forward-looking
information includes, but is not limited to, information concerning Hy-Drive’s
marketing and technological development efforts. Generally, forward-looking
information can be identified by the use of forward-looking terminology such
as “plans”, “expects”, or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not
anticipate”, or “believes” or variations of such words and phrases or
statements that certain actions, events or results “may”, “could”, “would”,
“might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking
information is based on the opinions and estimates of management at the date
the information is made, and is based on a number of assumptions and subject
to a variety of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected in the
forward-looking information. Many of these assumptions are based on factors
and events that are not within the control of Hy-Drive and there is no
assurance they will prove to be correct. Factors that could cause actual
results to vary materially from results anticipated by such forward-looking
information include risks associated with the marketing, development and
commercialization of Hy-Drive existing and prospective product lines, numerous
risks associated with best efforts financing activities, including agreement
on the size and terms of any offering, the ability to raise sufficient funds
as well as receipt of all required regulatory and other approvals as well as
those risk factors discussed in Hy-Drive’s Management’s Discussion and
Analysis for the period ended September 30, 2009 at www.sedar.com. Although
Hy-Drive has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking information, there may be other factors that cause actions,
events or results not to be anticipated, estimated or intended. There can be
no assurance that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Hy-Drive undertakes no obligation to update
forward-looking information if circumstances or management’s estimates or
opinions should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

SOURCE Hy-Drive Technologies Ltd.


Source: newswire



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