"Military Energy and Fuels Conference" Welcomes Back Alternative Fuel Technologies CEO Mr. James McCandless for an Encore Performance at Our Nation's Capital to Address "Energy Security"
REDFORD, MI--(MARKET WIRE)--Jun 17, 2009 -- Alternative Fuel Technologies Inc. (Other OTC:AFTC.PK - News) -- President and CEO Jim McCandless has been invited back to Washington, DC to offer insight on how his alternative fuel and related technologies are capable of reducing fuel costs for the United States Military. The rising costs of Military Fuel and the insecurity of foreign suppliers has driven the Department of Defense to develop alternatives to traditional fossil fuels. Mr. McCandless has been asked to discuss how using DME, Dimethyl Ether, along with AFTC's proprietary DME Fuel Injection Systems can satisfy the United States prime imperative to provide National Energy Security, which impacts not only US and Western economic objectives, but our Military objectives, strategies, and missions.
This October, CEO Jim McCandless will return to Washington, DC as one of the key experts charged with leading the way for The Office of the Secretary of Defense (OSD) in contributing to the solution of this critical cost burden. The OSD is the principal "element of the Secretary of Defense" whose role, in part, is resource management, fiscal, and program evaluation. On April 17, 2009, Mr. McCandless of Alternative Fuel Technologies Inc. (AFTC) discussed the possibilities and impact of using his DME or Dimethyl Ether "alternative" fuel in United States Military Vehicles.
CEO Jim McCandless is "overjoyed" to be invited back as a key expert at October's "Military Energy and Fuels Conference." Mr. McCandless stated, "Much will depend on making future systems, platforms and weapons more fuel efficient. However, the Department of Defense appears to be heavily invested in seeing that US technological ingenuity will provide the next generation of fuel solutions...We at AFTC feel strongly about our solution and potential to contribute to our government and our country."
About Dimethyl Ether or DME
DME is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NO emissions are lowered dramatically without the use of expensive exhaust after treatment devices.
About AFTC:
Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl either (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.
Safe Harbor Statement: Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Further information on Alternative Fuel Technologies Inc. is available at: http://www.altfueltechnology.com/
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