Alternative Fuel Technologies Updates Shareholders and Comments on Market Conditions and Current Pro
Alternative Fuel Technologies, is a development stage manufacturing company that is currently focused on product development R/D and selling advanced prototypes to customers. Its major products are DioMethyl Ether (DME) fuel injection systems and related equipment, but it is also developing advanced diesel fuel injection systems for the military that will operate on jet fuel. DME is an ultra-clean diesel fuel replacement that can be manufactured at low cost from many sources, including renewable materials (biomass, waste and agricultural products) and fossil fuels (natural gas and coal).
The company has experienced significant success in selling their prototypes, which is evidenced by its recent sales and ongoing relationships with entities as substantial as the US ARMY and the Korean Institute for Energy Research (KIER). Additionally, AFTC has been retained by the Ford Motor Company (of Europe).
As President Jim McCandless recently stated, "Economic and Political trends have converged to provide great opportunity in the area of alternative fuels and related technologies and we believe this convergence will continue to positively impact AFTC's future growth potential."
Today, the cost of producing DME is only 1/4 to 1/2 that of diesel fuel produced from crude oil, depending on the feedstock utilized. AFTC and many others believe that DME can and will significantly reduce fuel costs, not to mention provide clean, environmentally friendly energy. According to the DME Association, the qualities that DME possesses make it "a versatile and promising solution in the mixture of clean renewable and low carbon fuels under consideration worldwide."