Tuesday, February 15, 2011

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.

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