Clean Power Signs MoU With East West Express Inc.
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CALGARY, ALBERTA, Aug 05 (MARKET WIRE) --
Clean Power Technologies Inc. (OTCBB: CPWE) (FRANKFURT: C1L), developer
of a unique heat recovery and hybrid power system to reduce vehicle
emissions, is pleased to announce that it has signed a Memorandum of
Understanding ("MOU") with East West Express Inc. ("East West"), a
trans-Canadian freight trucking company. Under the terms of the MOU, East
West will provide Clean Power a Road Load Data Collection Vehicle ("the
Vehicle") for the purpose of detailed research on its existing
refrigerated trailer fleet.
Both parties have agreed to work together with the ultimate objective of
making the East West truck fleet more energy-efficient by installing
Clean Power's Clean Energy Storage and Recovery (CESAR) system, which
takes otherwise wasted heat from the exhaust of a conventional combustion
engine and modifies it through a heat recovery system to generate clean
steam power for both motive and auxiliary power.
Abdul Mitha, President and CEO of Clean Power, said: "The transport
industry is increasingly taking a lead in addressing fuel efficiency and
environmental issues and, with rising fuel costs, East West has long been
considering a means of finding an effective and efficient solution. We
are delighted to be working with such a forward-looking corporation and
we are confident that our technology will generate direct economic and
compliance benefits for our end users, as well as environmental benefits
for us all."
Mr Sandy de Waal, President of East West, said: "Since establishing our
business in 1997 we have never experienced such rapidly increasing fuel
prices, which are now by far our biggest cost; well ahead of wages,
capital equipment and maintenance combined. As an operator with 100
refrigerated food trailers, we could get a crucial competitive edge by
using Clean Power's technology which provides a potential fuel savings of
40% per unit, whilst minimizing vehicle emissions and helping control
ever-escalating grocery bills for consumers. We are extremely grateful to
be given early access to a technology that provides a step-change in fuel
economy and environmental compliance, compared with the incremental
benefits of the other options we have been exploring. East West looks
forward to a long and successful cooperation with Clean Power."
Research using the vehicle is an important step towards understanding the
operational and environmental performance parameters of the cooling units
currently used in East West's fleet of trucks and refrigerated trailers.
From this data Clean Power will refine the design and packaging of its
exhaust heat capture, accumulator and steam engine to ensure that,
together, they meet or exceed the specifications of the existing diesel
engine system.
The overall global truck market is growing at 8% each year and there are
already over 7 million refrigerated trailers in the US alone. These
trucks and their refrigerated trailers, or 'reefers', are now subject to
US anti-idling legislation, introduced in 2006 that prevents drivers from
idling their engines for more than five consecutive minutes except in
cases of maintenance or repair. As such, there is an immediate and
significant market demand for hybrid technologies to power auxiliary
systems in the truck cab (such as air conditioning, heating, lighting and
entertainment) as well as refrigerated trailers. Clean Power's CESAR
system requires no separate fuel source, no high-maintenance components,
such as batteries or capacitors, and no major scientific or
infrastructural step-changes (such as hydrogen for fuel cells).
CESAR's flexibility has enabled Clean Power to research and design a
range of variants for different end applications - from cars and trucks
to boats and, even, military vehicles (where heat capture has
anti-detection benefits). The solution proposed for East West is a dual
system unit which will operate when the truck is running with the
refrigeration trailer attached, and also when the trailer is in
stand-alone mode - for instance, keeping goods cool at a supplier depot
or distribution centre.
In addition to initial cooperation on the Vehicle's data capture, loading
and cycle analysis, the MOU also provides for future discussions,
potential collaborations and commercial relationships surrounding the
resulting CESAR system, subject to its development to the satisfaction of
East West.
ABOUT CLEAN POWER TECHNOLOGIES
Clean Power Technologies is committed to developing hybrid fuel
technology and alternative fuel for a range of vehicles, including
locomotives, heavy trucks and light cars. The Company's proprietary
technology significantly reduces pollution through its Clean Energy
Storage and Recovery (CESAR) system, which takes otherwise wasted heat
from the exhaust of a conventional combustion engine and modifies it
through a heat recovery system to generate clean power for the vehicle.
The Company boasts a highly experienced engineering team, whose vision
and technical capabilities are driving the development and implementation
of this unique hybrid fuel technology.
Clean Power Technologies operates out of its development facility in
Newhaven, East Sussex. In 2006, testing of the CSEAR system began on a
Mazda RX8 passenger vehicle engine, with trials on a second identical
engine commencing later that year. In June 2007 testing also began on a
Caterpillar C15 diesel engine to explore applications, such as auxiliary
power and trailer refrigeration, within the industrial vehicle and truck
industries. Testing on the CESAR process began in late October 2007, with
initial results already recording a 40% improvement in fuel efficiency.
The Company listed on XETRA on the Frankfurt Stock Exchange in October
2006, and is also traded on the OTC Bulletin Board in the US.
About CESAR
Clean Power's Clean Energy Storage and Recovery (CESAR) technology is
designed to increase vehicle fuel economy and reducing emissions by
capturing, storing and reusing otherwise wasted heat from the exhaust of
a conventional combustion engine. A heat exchanger captures waste energy,
which is then stored in the form of steam in an accumulator, for 'on
demand' use either in the same 'primary' engine, or in a secondary vapour
engine. Power can be produced solely by the secondary vapour engine even
after the primary combustion engine has shut down.
The CESAR system can be used to power auxiliary truck systems, such as
trailer refrigeration and cab cooling or heating, in regulatory 'no idle'
and 'quiet' zones. In addition to initial truck applications, CESAR can
be further applied in Clean Power's well developed passenger car
programme in addition to having longer-term potential in the locomotive
and marine sectors.
ABOUT EAST-WEST EXPRESS INC.
East-West Express is a national freight trucking company, predominantly
transporting refrigerated food products across Canada.
East-West Express was established in 1997 with 7 trucks. Ten years later
the business has grown rapidly to a fleet of 45 highway trucks, 20 city
trucks and 100 refrigerated trailers. It is based in Edmonton, Alberta,
Canada.
Contacts:
Clean Power Technologies Inc.
Abdul Mitha
President & CEO
(403) 277 2944 or UK mobile: +44 (0) 782 436 5198
Email: mithaa@shaw.ca
Clean Power Technologies Inc.
436-35 Avenue N.W.
Calgary, Alberta
Canada T2K 0C1
Website: www.cleanpowertechnologies.com
Media enquiries:
Abchurch Communications Limited
Gareth Mead / Monique Tsang
+44 (0) 20 7398 7700
Email: monique.tsang@abchurch-group.com
Website: www.abchurch-group.com
Copyright 2008, Market Wire, All rights reserved.
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