December 3, 2007

Dynetek teams with Clinton Climate Initiative to provide alternate fuel technology

CALGARY, ALTA-Nov. 1 /CNW/ - Dynetek Industries is collaborating with the Clinton Climate Initiative (CCI) to provide its alternate fuel technology to cities in order to help accelerate the commercialization of hydrogen fuel cell (HFC) buses. The CCI, a project of the William J Clinton Foundation, is dedicated to initiating programs that directly result in substantial reductions in greenhouse gas emissions. Its intent is to pool the demand for efficient and sustainable energy technologies among the Large Cities Climate Leadership Group, an entity consisting of 40 of the world's largest urban areas with a combined population of more than 350 million. Pooling this demand, says the CCI, will speed up the development of markets for these technologies. At the same time, it will work with suppliers to help reduce the cost of sustainable energy products that are of interest to cities, which will help break down economic barriers to widespread adoption. Dynetek is recognized as a leader in providing hydrogen storage systems for fuel cell buses, having worked with major bus manufacturers around the world since 1995 and provided systems for more than 40 HFC buses. "We are very pleased to have been selected to participate in the Clinton Climate Initiative to make the commercialization [of] Hydrogen Fuel Cell Buses a reality," said Dynetek president and CEO Christian Rasche, who observed that HFC vehicles have experienced a recent resurgence due to the high price of fossil fuels. More information is available on the Dynetek Web site, www.dynetek.com.

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