Hy-Drive Technologies Ltd. Seals Deal with GreenCell Tech - Yahoo! Finance

Hy-Drive Technologies Ltd. ("Hy-Drive") (CDNX:HGS.V) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.

Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5. They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.

"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.

Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.

"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.

"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.

Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.

GreenCell Technologies GT5 Develops New Wireless Product -

November 22, 2010 --
(Toronto) – GreenCell Technologies GT5 Develops New Wireless Product to Complement HydroCell™ unit. GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCell™ unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.

The innovative device simply plugs into the cigarette lighter on the dashboard and instantly indicates the current status of the HydroCell™ and its present operating condition. The driver will instantly be aware if the HydroCell™ is in need of water and can rectify the condition which will minimize downtime.

The HydroCell™ requires the addition of water every 40 - 50 hours of operation and will shut down and not generate Hydrogen if allowed to run dry. This device will ensure maximum fuel savings by eliminating downtime due to lack of water. HydroCell™ has exceeded expectations and is typically doubling hydrogen output and increasing fuel efficiencies for transportation companies and independent drivers alike.

Hydrogen, as a fuel, is emission free and the only by-product of combustion is water. It is the most abundant element in the universe and is the fuel of choice for the Space Shuttle’s main engine.

To assure continued fuel savings, the HydroCell™ is always tested for performance, efficiency, reliability and hydrogen output on numerous vehicles, to enhance its core design and help refine the product specifications for engineers. In addition to recent discoveries, GreenCell Technologies GT5 is also conducting extensive lab tests to establish the most efficient electrolyte mixture and the optimal Anode to Cathode distance for maximum hydrogen production. These tests will lead to new modifications to increase hydrogen output, boost fuel efficiency overall and reduce manufacturing costs.

The HydroCell™ is an electrolysis-based on-demand Hydrogen generator designed specifically for the transport industry. The product draws a small amount of power from the vehicles electrical system and uses it to produce Hydrogen gas from a water-based solution. The HydroCell™ directs the produced Hydrogen gas to the intake of the vehicles engine where it acts as a catalyst during the normal combustion cycle. This creates more power and fewer emissions, burning only the existing fuel in the cylinder, resulting simply in less fuel being required to operate the vehicle.

GT5 GreenCell Technologies Inc. is a Canadian company, dedicated to designing and bringing to market technology-based products for the transportation and energy industries.

openPR.com - Press release - GreenCell Technologies Inc. - GreenCell Technologies GT5 Develops New Wireless Product

GreenCell Technologies GT5 Develops New Wireless Product to Complement HydroCell™ unit. GreenCell Technologies Inc. is pleased to announce the successful development and forthcoming release of a new product to complement its HydroCell™ unit. Based on recent feedback from long-haul truckers, the GreenCell research team has now designed a wireless status indicator that will be manufactured and sold as a package in tandem with its popular Hydrogen Enrichment System.

The innovative device simply plugs into the cigarette lighter on the dashboard and instantly indicates the current status of the HydroCell™ and its present operating condition. The driver will instantly be aware if the HydroCell™ is in need of water and can rectify the condition which will minimize downtime.

GT5 GreenCell Technologies: Hy-Drive Technologies Ltd. Seals Deal with GreenCell Tech

MISSISSAUGA, ON, Jan. 11 /PRNewswire/

- Hy-Drive Technologies Ltd. ("Hy-Drive") (TSXV: HGS) today announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc. (GT5:GR ) that will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.

Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for transport trucks that has demonstrated impressive results and passed extensive SAE testing. The system is designed with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus enhancing the air/fuel mixture. The end result is lower emissions. GreenCell Technologies located in Aurora, Ontario trades on the Frankfurt Stock Exchange under the symbol GT5.
They've created a similar product and are backed by a sound marketing system, which includes innovative financing options. The HydroCell is just one of several energy saving products that GreenCell is formulating.

"We can't be anything but excited about this agreement. Taking our technology and expertise, and combining it with GreenCell Technologies' multi-faceted energy background and marketing savvy, moves us a step closer to creating a greener world," said Robert Bucher, President and CEO of Hy-Drive.

Under the agreement, Hy-Drive will continue to focus on the product and cost efficiency. GreenCell will concentrate on marketing, service and sales. One of their top priorities will be further strengthening the sales team.

"We see this as a great opportunity to move forward with a solid product offering and to serve our customers in a timely and cost-effective way. Our marketing and sales team is very excited about the prospects," said K. Allen Etherington, President of GreenCell Technologies Inc.
"I recently pledged that Hy-Drive would expand through strong distribution deals and this marks the beginning of that plan. I'm confident our alliance with GreenCell Technologies will serve as a solid example of how two like-minded companies can work together to reach their specific goals," Robert Bucher added.

Pursuant to the Company's stock option plan and subject to TSXV approval, the Board of Directors issued 125,000 stock options to Officers of the Company at an exercise price of $1.00; all options shall vest immediately and expire ten years from the date of issuance.

About Hy-Drive

Hy-Drive is a technology company headquartered in Mississauga, Ontario, Canada. The Company has invested in the research and development of hydrogen and control technology resulting in a proprietary, patented and patent-pending hydrogen generating system ("HGS®") and advancement in multi-fuel universal combustion controls. Hy-Drive's HGS enriches the fuel-air charge of an internal combustion engine with hydrogen produced through electrolysis and uses its proprietary software controls to improve combustion of the fuel-air mixture. The result is improved fuel economy and reduced opacity (particulates). For more information, please visit www.hy-drive.com.
Cautionary Note Regarding Forward-Looking Statements:

PR Gateway - GT5 GreenCell Technologies and Hy-Drive Announce Strategic Agreement; Set to Launch HydroCell Max™

Toronto, Canada – GreenCell Technologies Inc. (Frankfurt Open Market: GT5) announced today that it has signed an agreement with Hy-Drive Technologies Inc. (TSX Venture Exchange: HGS) of Mississauga, Ontario. GreenCell is now the exclusive distributor of the renowned HGS series of hydrogen gas generators for the diesel truck market in Canada and the USA.

Over the past 6 years, Hy-Drive Technologies has allocated millions of capital to research and develop an innovative generator, similar to the GreenCell HydroCell™, launching a product that specifically works on Caterpillar™ diesel engines older than 2007. All HGS-series product have undergone rigorous field trials and conquered the design hurdle of handling the rugged environmental conditions in which these generators must operate to deliver improved fuel consumption.

Effective immediately, the Hy-Drive unit targeting Caterpillar™ engines will be branded as a HydroCell Max™, with the accompanying tagline of “Hy-Drive inside” in order to proudly recognize Hy-Drive’s extensive technology and research commitment. The greatly-anticipated dual goal of improving both mileage and emissions has been successfully met and now new units for other engine manufacturers are imminent, awaiting dyno testing and tuning to maximize performance.

GT5 GreenCell Technologies: Hy-Drive Technologies Ltd. Seals Deal with GreenCell Tech

GT5 GreenCell Technologies: Hy-Drive Technologies Ltd.
Seals Deal with GreenCell Tech
MISSISSAUGA, ON, Jan.
11 /PRNewswire/ - Hy-Drive Technologies Ltd.
("Hy-Drive") (TSXV: HGS) today
announced that it has just signed a significant Distributor Agreement with GreenCell Technologies Inc.
(GT5:GR ) that
will combine the strengths of both companies and allow for stronger positioning in the energy solutions market.

Mississauga based Hy-Drive has developed a hydrogen-based Alternate Energy Combustion Control System for
transport trucks that has demonstrated impressive results and passed extensive SAE testing.
The system is designed
with a control mechanism that regulates small amounts of hydrogen injected into the combustion chamber, thus
enhancing the air/fuel mixture.
The end result is lower emissions.
GreenCell Technologies located in Aurora, Ontario
trades on the Frankfurt Stock Exchange under the symbol GT5.
They ve created a similar product and are backed by a

Green Technology Set To Lead The Way In 2010 by Greencell Technologies Inc.

Toronto, Canada GreenCell Technologies Inc. (Frankfurt Open Market: GT5) announced today that it has signed an agreement with Hy-Drive Technologies Inc. (TSX Venture Exchange: HGS) of Mississauga, Ontario. GreenCell is now the exclusive distributor of the renowned HGS series of hydrogen gas generators for the diesel truck market in Canada and the USA.
Over the past 6 years, Hy-Drive Technologies has allocated millions of capital to research and develop an innovative generator, similar to the GreenCell HydroCell, launching a product that specifically works on Caterpillar diesel engines older than 2007. All HGS-series product have undergone rigorous field trials and conquered the design hurdle of handling the rugged environmental conditions in which these generators must operate to deliver improved fuel consumption.
Effective immediately, the Hy-Drive unit targeting Caterpillar engines will be branded as a HydroCell Max, with the accompanying tagline of Hy-Drive inside in order to proudly recognize Hy-Drives extensive technology and research commitment. The greatly-anticipated dual goal of improving both mileage and emissions has been successfully met and now new units for other engine manufacturers are imminent, awaiting dyno testing and tuning to maximize performance.
With this new agreement, states GreenCells President K. Allen Etherington, we are launching GreenCells sales and marketing machine to start selling proven product right away. We found Hy-Drive to be wonderfully cooperative in arranging this deal to become the exclusive sales channel for them in the US and Canadian market and also assisting us with technical support as we build our field support team. Meanwhile, the Greencell development of our own HydroCell product line will continue at an increased pace alongside the HydroCell Max to provide a cost reduced alternative.
The HydroCell is an electrolysis-based on-demand Hydrogen generator designed specifically for the transport industry. The HydroCell directs the produced Hydrogen gas to the intake of the vehicles engine where it acts as a catalyst during the normal combustion cycle. This creates more power and fewer emissions with less diesel fuel.
GreenCell Technologies Inc. is a Canadian company, dedicated to designing and bringing to market technology-based products for the transportation and energy industries.

Green Technology Set To Lead The Way In 2010 by Greencell Technologies Inc.

Astute investors know that spotting a trend on the horizon, or in its infancy, can offer a number of investment opportunities today. That was the case with green or clean technologies (greentech/cleantech) a year ago and that remains the case also today. The world has embraced technologies that offer the opportunity for a cleaner planet and healthier people and many companies have emerged to lead this movement. Get the latest news on hydrogen testing technologies. Keep updated. Avoid online scam.
Renewable Energy; It's Not Your Father's Fossil Fuel

Renewable energy is a big player in this sector and offers a glimpse of what will soon be commonplace, based partly on trends and partly on government mandates. Cleaner burning fuels, greater mileage, efficient electrical networks and alternate means for powering vehicles are all at the center of the design and manufacturing that will be the central focus for generations to come. 

Municipalities and public companies have slowly been adapting to renewable energy. In New River Valley in Virginia, the truck fleet owned by the Pepsi Bottling Group has added twenty-one hydrogen-injected trucks utilizing a fuel system produced by Dynamic Fuel Systems, Inc. a Canadian firm. The portable hydrogen generator that injects hydrogen into the engine's intake increases mileage and reduces emissions.

Myriad Clean And Green Opportunities

The biggest benefactors of the green/clean tech trend will be manufacturers of electric hybrid vehicles, battery manufacturers, smart grid technology companies, green lighting technology, producers of wind power equipment and non-toxic cleaning products. 

From 2002 to 2008, investment in greentech/cleantech grew to $15 billion. That does not include a massive commitment by world governments and major banks. Many countries, that adapted stimulus packages to climb out of the global economic malaise, included big greentech/cleantech spending as a priority area for research and job creation.