Neohydro Identifying Local Dealerships in Calgary for Supplier of New Cars and Trucks
CALGARY, Alberta--Neohydro Technologies Corp. (OTC BB: NHYT) is actively identifying potential partnerships with local dealerships in Calgary, Alberta. CEO, Michael Kulcheski is relocating to Calgary, Alberta to further the Neohydro’s exclusive Canadian license. The immediate objective will be to develop local dealers, such as Blade Chevrolet, in Mount Vernon, Washington to facilitate the proprietary installation of the GIHS turbocharger technology. The dealers will assist and work with Neohydro in advancing the current technology as it stands today. The focus of Neohydro’s sales and marketing efforts will be the installations of the proprietary device on commercial fleets of industrial vehicles and trucks that will benefit both in terms of the enhanced fuel consumption, as well as the increase in engine horsepower.
Significantly, the high price of gasoline in Canada lends itself to creating an excellent development arena for the Neohydro technology. As a result of these high fuel costs, the resolve has usually been to compromise the horsepower in order to mitigate high gasoline costs. This technology will allow for companies with corporate and commercial vehicles to both dramatically improve fuel economy as well as to produce the required horsepower both for efficiency as well as safety.
Michael Kulcheski, CEO of Neohydro, commented, “With the price of gas rising throughout the world, with Canada specifically suffering one of the highest prices in North America, the time is now to introduce the GIHS to industries most effected by the rise in the cost of fuel.”
About Neohydro Technologies Corp
Neohydro Technologies Corp. (www.neohydrotechnology.com) is traded under the symbol NHYT on the OTCBB exchange and is based in Calgary, Alberta, Canada. Neohydro is a Technology Company focused on “Green” technologies in the automotive, transportation, and power generation, focused initially on the light and heavy-duty trucking industry. Neohydro has licensed a unique patented turbo hybrid system. This revolutionary Green Interactive Hybrid System™ is proven to assist an engine to operate more efficiently, with less effort, less fuel consumption, and enhanced horsepower. Thus increasing engine life as well as adding obvious economic benefits, and enhanced horsepower to many significantly underpowered vehicles, such as limousines and fleet vehicles where incremental cost for larger engines may not be an economically viable option. Advanced tuning methods also significantly decrease harmful emissions. In the case of most technological enhancements with vehicles, there are significant concerns about negating existing factory warranty protection. At present the Company’s technology is only engineered for one automobile manufacture where it does not void the manufacturer’s warranty. However, plans are underway to engineer the technology to include other manufacturers as well.
Further information on the Company can be found at www.sec.gov and the company’s website at www.neohydrotechnology.com
Safe Harbor Statement
Statements in this press release regarding Neohydro’s products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond Neohydro's control and difficult to predict, and could cause actual results to differ materially from those anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: lack of operating history, transitioning from a development company to an operating company, difficulties in distinguishing Neohydro's products and services, ability to deploy Neohydro's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the emissions reduction industry and the global economy, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in Neohydro’s filings with the Securities and Exchange Commission.