pennystockhaven
  • Facebook
  • Twitter
  • Youtube
  • Rss
Day-Trading Penny Stocks
  • Home
  • Services
  • Contact Us
Home» Commentary » Alternative Fuel Technologies (OTC: AFTC) Awarded $715,000 Phase 2 SBIR U.S. Army Contract

Alternative Fuel Technologies (OTC: AFTC) Awarded $715,000 Phase 2 SBIR U.S. Army Contract

Posted on October 27, 2010 by PennyStockHaven in Commentary - No Comments

REDFORD, Mich. , Oct. 27 /PRNewswire/ — Alternative Fuel Technology, LLC , a wholly owned subsidiary of Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announced today that the Company has been awarded and has commenced working on a U.S. Army Phase 2 SBIR project valued at US$715,000 .

“This is the largest Army contract the Company has ever been awarded,” said James McCandless , Chief Executive Officer of Alternative Fuel Technologies, Inc. “The Phase 2 project is an extension of a successful Phase 1 project in which AFT identified a significant wear problem on a commercial diesel common rail fuel injection system running on JP-8 jet fuel.”

The Army uses JP-8 jet fuel in all of its diesel applications for logistics reasons. The Company will redesign the commercial diesel common rail pump to lower wear to acceptable levels in this Phase 2 project. To accomplish this goal, AFT will apply materials technology and other lessons learned during the development of the Company’s well known DME common rail fuel system.

“Following successful completion of Phase 2, the project may qualify for Phase 3 whereby the Company can commercialize the product and sell it to the military and commercial customers,” said McCandless.

AFTC

Search

Real Time Alerts:

Tweets by @PennyStockHaven

Updates

  • CVR Partners, LP (NYSE: UAN): the dividend play

    February 26, 2023
  • Sotera Health

    Sotera Health Company (NASDAQ:SHC): hard road ahead

    February 21, 2023
  • ZIM Integrated Shipping Services (NYSE:ZIM) uphill movement

    February 20, 2023
  • Carvana Co. (NYSE: CVNA) way to go… down

    February 17, 2023
  • ReWalk Robotics (RWLK): Yesterday, Today and Tomorrow

    June 8, 2019
  • Amyris, Inc. (AMRS): How to Mislead Investors

    April 21, 2019
  • ADMA Biologics, Inc. (ADMA): Offering is Imminent

    April 11, 2019
  • Proteostasis Therapeutics (PTI): Market Overreaction

    March 26, 2019
  • Dynagas LNG Partners LP (NYSE: DLNG) Coming Off Of Bottom

    February 1, 2019
  • Histogenics Corporation (HSGX) market: only upside from these levels

    September 5, 2018
  • Quantum Corp. (QTM): Appointed Jamie Lerner as Chief Executive Officer and President

    June 26, 2018
  • FuelCell Energy (NASDAQ:FCEL) A picture is worth a thousand words

    June 22, 2018

    Site

    • Home
    • Services
    • Contact Us
    • About Us
    • Privacy Policy
    • Terms of Use
    • Disclaimer
    • Publishers

    Financial Network

    Yahoo Finance
    Reuters
    The Motley Fool
    WSJ
    CNBC
    Business Week
    The Street
    Bloomberg

    psh sloganYour Everything Penny Stocks Resource



    Copyright © 2021 PennyStockHaven.com. All Rights Reserved