DynaMotive Announces Results of BioOil Fuel Performance Tests
7 March 2000
DynaMotive Announces Successful Results of BioOil Fuel Performance Tests Completed by Orenda Aerospace
VANCOUVER, British Columbia, March 7 DynaMotive
Technologies Corporation (OTC Bulletin Board: DYMTF) today announced that
Orenda Aerospace Corporation has completed initial BioOil fuel combustion
tests with very positive results.
"Orenda's tests demonstrate that our BioOil can both effectively power a
gas turbine engine and simultaneously reduce air emissions compared to
traditional fossil fuels," said Keith Morris, DynaMotive's Chief Technology
Officer and Vice President Engineering. "This is significant validation of
the commercial use of DynaMotive's BioOil as a low emission, alternative fuel.
We are particularly pleased that the BioOil used in the tests was provided
directly from our plant without any additional upgrading or refining."
The tests were conducted at gas turbine manufacturer SPE Mashproekt's
facilities in the Ukraine. Utilizing Mashproekt's GT2500 engine Orenda has
developed a compact, dependable industrial gas turbine power generation
package that is an ideal choice for efficient, small-scale power requirements.
The objective of the combustion tests was to validate fuel performance
characteristics of DynaMotive's BioOil.
Commenting on the test results, Orenda spokesperson Dr. Raj Thamburaj
said, "We are pleased with the results of this first round of combustion
tests. DynaMotive's BioOil fuel exhibited good combustion qualities and a
very favourable emission profile (greatly reduced NOx and no SOx). This
positive outcome sets the stage for Orenda to take the next step of full-scale
engine testing to validate long-term commercial operation on such fuels."
DynaMotive and Orenda Aerospace signed a Cooperation Agreement in
October 1999 to test DynaMotive's BioOil as a clean fuel to generate "green"
power in their gas turbines. Orenda is the first company in the world to
successfully demonstrate the feasibility of a turbine power generation system
for industry that is capable of operating on liquid BioOil, a renewable fuel
produced from forest and agricultural waste. Once the test program is
completed, Orenda and DynaMotive plan to market BioOil-fuelled, "green" power
packages to the worldwide power generation market.
Orenda Aerospace Corporation of Mississauga, Ontario is a division of
Magellan Aerospace Corporation (Toronto: MAL) and is a recognized leader in
the aerospace industry. Orenda has an established reputation in power and
propulsion technologies, with core competencies in gas turbine engine repair
and overhaul, component manufacturing for turbine OEMs, reciprocating power
plants, industrial power packages and advanced energy systems.
DynaMotive Technologies Corporation is a world leader in the development
of BioOil clean fuels for "green" power generation. BioOil is produced using
a unique waste-to-energy technology trade named BioTherm(TM) that converts
low-value forest and agricultural waste into a liquid biofuel. BioOil is
renewable, clean burning, greenhouse gas neutral and can be produced
economically from waste products. DynaMotive recently purchased the worldwide
patent rights to the BioTherm(TM) production technology from Resource
Transforms International Ltd. (RTI). The Company currently produces BioOil at
its pilot plant in Vancouver to meet demand for testing programs by engine
manufacturers in Europe and North America.
Forward-Looking Statement
Statements in this news release concerning the company's business outlook
or future economic performance; anticipated profitability, revenues, expenses,
or other financial items; and statements concerning assumptions made or
expectations as to any future events, conditions, performance or other
matters, are "forward-looking statements" as that term is defined under the
Federal Securities Laws. Forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from those stored in such statements. Such risks, uncertainties
and factors include, but are not limited to, changes and delays in product
development plans and schedules, customer acceptance of new products, changes
in pricing or other actions by competitors, patents owned by the Company and
its competitors, and general economic conditions, as well as other risks
detailed in the Company's filings with the Securities and Exchange Commission.
For more information, call Toll Free: 1-877-863-2268
Raymond McAllister Director, Corporate Communications
Direct Line: (604) 267-6009 Fax: (604) 267-6005
Email: mcallister@dynamotive.com Website - http://www.dynamotive.com
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