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Hyundai Tests FlexTek For Factory Installation On New Cars
Hyundai Tests FlexTek For Factory Installation On New Cars
Published 06-29-06
Submitted by XcelPlus International
SALUDA, Va.--(BUSINESS WIRE)--June 29, 2006--XcelPlus International Inc. (PINK SHEETS: XLPI) is pleased to announce that the Hyundai Motor Car Company is testing XcelPlus FlexTek technology for use as their factory flex-fuel technology.
Sydney Mills, a consultant for the ethanol industry who worked for General Motors for 20 years is supervising the tests on vehicles supplied by Hyundai state fleet manager Gary Jones. According to Mr. Jones: "Our cars are compatible with E10, but we're being open minded about what is going to happen in the future." The tests include the installation of the FlexTek bi-fuel conversion system, and treatment with XcelPlus Lubrilon engine protection to protect internal engine parts.
Carsguide.com.au recently published an article detailing the project. The article can be viewed at: http://carsguide.news.com.au/story/0,20384,19540982-21822,00.html.
"We are very excited at the prospect of our technology being applied to the new car market," said Bill R. Smith, President of XcelPlus International Inc. "Use on new vehicles will allow FlexTek technology to continue long after the conversion market becomes saturated. More importantly, we are confident that once new car manufacturers become aware of the benefits of our engine protection chemicals they will be used on virtually all new cars."
"Lubrilon is only engine protection formula that literally plates internal engine parts, preventing wear and improving mileage. Use on new vehicles would drastically reduce manufacturer warranty costs."
In addition to the U.S. Government tested and proven Engine Protection formulation, XcelPlus' Lubrilon line of products includes the only E85 motor oil blended specifically for use in vehicles running on ethanol fuel blends, and chemicals to clean internal engine components and fuel systems.
About XcelPlus International:
XcelPlus International Inc. manufactures and markets E85 Conversion Systems, Ethanol Fuel Products, and Specialty Chemicals which enable the growth of the ethanol market, while providing consumers with a viable means of using newly developed clean energy technologies.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
Copyright Business Wire 2006
