AFTC — Alternative Fuel Technologies, Inc.

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http://www.altfueltechnology.com/

E' da un po' che la tengo d'occhio.
Settore: evoluzione motori diesel e sostituzione con dimetiletere.
Bilancio abbastanza disastrato.
Situazione azionaria:

Outstanding Shares
170,933,688 as of Sep 30, 2009

Authorized Shares
1,500,000,000 as of Sep 30, 2009

Float(shares)
130,073,816 as of Sep 30, 2009


Primo e unico R/S (sinora :censored:)

shs decreased by 1 for 95 split
Pay Date: Jul 20, 2007


Nell'ultima settimana sono state pubblicate alcune notizie interessanti circa la possibilità di ricevere fondi dall'esercito americano.

1)

REDFORD, MI, Dec 09, 2009 (MARKETWIRE via COMTEX) -- Alternative Fuel Technology, LLC, a wholly owned subsidiary of Alternative Fuel Technologies, Inc. (PINKSHEETS: AFTC), announced today that they have been competitively selected for negotiation and possible award by the U.S. Army for a Phase 2 SBIR project. The project is valued at $730,000.

The Phase 2 project is an extension of a successful Phase 1 project where 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.

In the Phase 2 project, AFT will redesign the commercial diesel common rail pump to lower wear to acceptable levels. To accomplish this goal, AFT will apply materials technology and other lessons learned during the development of their well known DME common rail fuel system.

About SBIR's:

DoD's SBIR program funds early-stage R&D projects at small technology companies -- projects which serve a DoD need and have the potential for commercialization in private sector and/or military markets. The program, funded at approximately $1.23 billion in FY 2009, is part of a larger ( > $2 billion) federal SBIR program administered by twelve federal agencies.

As part of its SBIR program, the DoD issues an SBIR solicitation three times a year, describing its R&D needs and inviting R&D proposals from small companies -- firms organized for profit with 500 or fewer employees, including all affiliated firms. Companies apply first for a six-month to nine-month phase I award of $70,000 to $100,000 to test the scientific, technical, and commercial merit and feasibility of a particular concept. If phase I proves successful, the company may be invited to apply for a two-year phase II award of $500,000 to $750,000 to further develop the concept, usually to the prototype stage. Proposals are judged competitively on the basis of scientific, technical, and commercial merit. Following completion of phase II, small companies are expected to obtain funding from the private sector and/or non-SBIR government sources (in "phase III") to develop the concept into a product for sale in private sector and/or military markets.

About AFTC:

Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.

About DME

DME is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NOx emissions are lowered dramatically without the use of expensive exhaust aftertreatment devices.


2)

NEW YORK, NY, Dec 11, 2009 (MARKETWIRE via COMTEX) -- Alternative Fuel Technologies Inc. (PINKSHEETS: AFTC) announced yesterday that they will be negotiating a Phase 2 SBIR Contract with the US Army.

All US Army SBIR Contract submissions must have a final "vision" for the project. Alternative Fuel Technologies is applying its technology of common rail fuel systems to diesel rail fuel systems running Army standard JP-8 jet fuel. Alternative Fuel Technologies is hoping to solve the "wear" problem on commercial diesel fuel rails.

Several big players in the global car and truck market, like Volvo, are rekindling an interest in dimethyl ether (DME) as an alternative fuel, which is Alternative Fuel Technologies' focus. This is largely because it's relatively cheap, requires very low injection pressures, and produces little pollution from combustion.

DME is an ideal diesel fuel [replacement] because it has very high oxygen content -- 35% by weight -- and no carbon-carbon bonds. What that means is that it cannot produce soot particulates or black smoke.

Other active stocks are Clean Energy Fuels Corp (NASDAQ: CLNE) Inergy Holdings (NASDAQ: NRGY) and Vega Promotional Systems (PINKSHEETS: VGPR)


Oggi ne ho comprata qualcuna a 0,008$.
 
Appena collegato e vedo un bel 0,0175 +108%.
Che dire.... preso e portato a casa.
Il motivo è questo
REDFORD, Mich., Jan. 18 /PRNewswire-FirstCall/ -- Alternative Fuel Technology, LLC (AFT), a wholly owned subsidiary of Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announced today that the Company has been selected for a new U.S. Army Phase 1 SBIR award entitled: "Ultra High Pressure Jet Propellant-8 (JP-8) Fuel Injection System."

"This latest contract was awarded to the Company because of our extensive experience with this type of fuel injection system," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. "It was awarded to us under the DoD's SBIR program, which funds early stage research and development projects and small technology companies. The SBIR program was funded at approximately $1.2 billion in FY2009, and is part of a larger, federal SBIR program, which is administered by 12 federal agencies and receives more than $2 billion in funding."

Key objectives of this contract are the design, development and demonstration of an intensified, lube oil actuated common rail injection system capable of producing peak injection pressures of more than 40,000 psi (2800 bar). The system must also be readily adaptable to Army engines. A key design feature of this concept will be the use of AFT's advanced high pressure Dimethyl Ether (DME) injection pump modified to pump engine lube oil to drive the new injector.

AFT is also engaged in several other advanced fuel system projects for the U.S. Army including a Phase 2 contract valued at more than $700,000 (final award being negotiated) for the redesign of a commercial diesel common rail pump to lower wear to acceptable levels.

The Army uses JP-8 jet fuel for all of its equipment from helicopters to diesel powered trucks and generators. JP-8 presents durability and reliability problems for many types of commercial fuel injection systems.

As part of its SBIR program, the DoD issues an SBIR solicitation three times a year, describing its R&D needs and inviting R&D proposals from small companies -- firms organized for profit with 500 or fewer employees, including all affiliated firms. Companies apply first for a six-month to nine-month Phase 1 award of $70,000 to $100,000 to test the scientific, technical, and commercial merit and feasibility of a particular concept. If Phase 1 proves successful, the company may be invited to apply for a two-year Phase 2 award of $500,000 to $750,000 to further develop the concept, usually to the prototype stage.

The Company is uniquely qualified for this project, as Mr. McCandless was a pioneer in this type of diesel fuel injection system.
 
potrebbe beneficiarne anche qualcun altro nel settore,,,
 
potrebbe beneficiarne anche qualcun altro nel settore,,,

Direi proprio di si anche perchè si è ancora nella fase preliminare per la scelta del partner con il quale sviluppare il progetto.
Alcuni nomi sono già citati nel news presente nel mio primo messaggio
Other active stocks are Clean Energy Fuels Corp (NASDAQ: CLNE) Inergy Holdings (NASDAQ: NRGY) and Vega Promotional Systems (PINKSHEETS: VGPR)
 
Rientrato a 0,0089$.
 
Ieri ha chiuso a 0,0074$ +48% con volumi superiori alla media. Il tutto senza alcuna news o comunicato.

Sarà stato un fuoco di paglia o continuerà la corsa? Buttarci un occhio Lunedì non costa nulla. ;)
Di carne al fuoco ve ne è parecchia ed i comunicati a seguire lo dimostrano.

Per quanto mi riguarda in questi mesi ho mediato al ribasso e ieri ne ho approfittato per uscire in gain. Prontissimo comunque a rientrare in funzione degli eventi.


REDFORD, Mich., March 25, 2010 /PRNewswire via COMTEX/ -- Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC), a leading manufacturer of fuel injection systems for government and commercial customers, issued the following open letter from its Chief Executive Officer, James McCandless, to its shareholders regarding current developments at the Company:

Dear Shareholders,

Our company made significant strides in 2009 and management is expecting a banner year in 2010.

Last October, we successfully demonstrated our new dimethyl ether (DME) fuel feed pump. Soon after this demonstration, we received an order from the Korean Institute for Energy Research (KIER) for several of our DME fuel feed pumps for a new DME vehicle research project that is slated to begin in June.

Korea is one of several key markets for our DME products. Several months ago, Korea Gas Corp. (KOGAS), the world's largest corporate buyer of liquefied natural gas, announced that it will invest $344 million to build a DME plant in Saudi Arabia, which would have an annual capacity of 300,000 tons of DME starting in 2013.

DME is gaining attention elsewhere around the world as well because it is more inexpensive and cleaner than petroleum-based diesel fuel. Companies like Volvo Truck, which uses DME to power a portion of their fleet, and a major European car manufacturer, which is evaluating DME as a possible passenger car fuel, are beginning to see the value in this low-cost, environmentally friendly alternative to petroleum-based diesel fuel. Japan and India are also working diligently to use DME as a new fuel for heating, cooking, power generation and transportation.

China is perhaps the largest potential market for our company. A key component of its 2008 stimulus plan calls for a $440 billion investment in green energy. By 2010, China expects to have 10 percent of all energy sourced from sustainable resources like biomass, renewable energy and other combination sources like DME. In fact, China produced more than 2 million tons of DME last year, and plans to produce 20 million tons of DME per-year by 2020.

AFT has already penetrated the Chinese market recently announcing new orders for 12 DME feed pumps from Shanghai Diesel Engine Co., a wholly owned subsidiary of Shanghai Automotive Industrial Corporation (SAIC). SAIC currently has a joint venture with General Motors, and operates approximately 50 manufacturing plants in the Shanghai area that make passenger cars, tractors, motorcycles, trucks and buses.

I have personally worked with DME for more than 15 years, and truly believe it is a viable alternative to petroleum-based diesel fuel. DME, made from biomass, offers a very high reduction of carbon dioxide emissions - around 95% - compared to conventional diesel fuel, and it can be produced with very high conversion efficiency at relatively moderate capital cost and can be made from a variety of renewable materials. DME infrastructure requirements are very similar to propane, and retrofitting the current petroleum-based diesel fuel infrastructure for DME can be accomplished very easily and at a substantially lower price than other alternative fuel sources.

In addition to growing our international business, we announced several new contracts from the U.S. Department of Defense's Small Business Innovation Research (SBIR) program.

In January, we announced the award of a new contract with the U.S. Army entitled: "Ultra High Pressure Jet Propellant-8 (JP-8) Fuel Injection System." AFT is also engaged in several other advanced fuel system projects for the U.S. Army including a Phase 2 contract valued at more than $700,000 (final award being negotiated) for the redesign of a commercial diesel common rail pump to lower wear to acceptable levels.

Looking ahead, we are very optimistic about our sales in 2010, and are expecting deeper penetration into key international markets including China and Korea. We also anticipate several new SBIR contract wins, for larger projects ranging from $500,000 to $700,000.

I want to also take this opportunity to reassure our shareholders that we are poised to take advantage of the positive trends in the alternative energy market and our longstanding relationship with the SBIR program, which we believe will result in near-term market share gains.

We believe 2010 will be a very exciting year for Alternative Fuel Technologies and our shareholders. Thank you for your continued support.

Sincerely,

James McCandless

Chief Executive Officer

Alternative Fuel Technologies, Inc.




REDFORD, Mich., April 22, 2010 /PRNewswire via COMTEX/ -- Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announced today that the Company has built and delivered 12 DME feed pumps to Shanghai Diesel Engine Company. These pumps will be used on DME fueled buses that will operate in Shanghai. The value of this order is confidential.

"DME is rapidly gaining popularity in Asia, and we have firmly established a presence in several key markets including China," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc.

The Company developed this first generation feed pump several years ago and has sold many units in Korea, to the Korean Institute for Energy Research, and to a European engine manufacturer.

A 2nd generation unit that further improves performance and significantly lowers noise has been demonstrated and is undergoing final development.

Shanghai Diesel Engine Company is owned by Shanghai Automotive Industrial Corporation (SAIC), one of the top three automotive corporations in China. In addition to Shanghai Diesel, SAIC has about 50 plants in the Shanghai area. SAIC makes passenger cars, tractors, motorcycles, trucks, and Sunwin buses. Its joint venture with General Motors, Shanghai General Motors, makes Buicks and other GM cars for the Chinese market. Through Shanghai Volkswagen Automotive Company, a JV with Volkswagen, SAIC also makes the Lavida. The company's other operations include car leasing, auto parts wholesale and retail, and financing. It has production facilities across China, as well as in Germany, Japan, South Korea, the UK, and the US.

About Alternative Fuel Technologies, Inc.

Alternative Fuel Technologies, Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel --dimethyl ether (DME). The Company has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The Company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011. For more information, visit http://www.altfueltechnology.com

About DME:

Dimethyl ether is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel. When burned in a diesel engine, all soot emissions are eliminated and NOx emissions are lowered dramatically without the use of expensive exhaust aftertreatment devices.
 
Per ora ho rimesso un gettone di presenza a 0,0055$.
Dopo la news della scorsa settimana (riportata a seguire) che l'ha portata sino a 0,011$ sta ritornando appetibile.


Alternative Fuel Technologies, Inc. Receives New Order for DME Feed Pumps From the Korea Institute for Energy Research

Alternative Fuel Technologies, Inc. Receives New Order for DME Feed Pumps From the Korea Institute for Energy Research

PR Newswire

REDFORD, Mich., May 19

REDFORD, Mich., May 19 /PRNewswire-FirstCall/ --

Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) announced today that they have received an order to supply four DME feed pumps from the Korea Institute for Energy Research (KIER) for use in the development of DME fueled light duty (mini) trucks. The pumps have been manufactured and shipped to Korea.

"KIER is interested in AFTC's DME technology as a replacement for diesel fuel and views DME as an economic means by which the country may improve air quality and gain increased energy security in the future," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. "In addition, government officials realize the potentially massive economic benefits associated with widespread adoption of DME as a fuel source. "

KIER has previously purchased 11 DME feed pumps from AFTC in the recent past. This new order brings the total to 15 units. Altogether, the Company has sold about 30 DME feed pumps to customers in Asia and Europe.

In addition, a large Asian diesel engine manufacturer recently requested a production quote for 50-100 pumps per month.
 
Aggiudicato contratto militare.
Alternative Fuel Technologies, Inc. Awarded new Phase 1 U.S. Army Contract

REDFORD, Mich., June 14 /PRNewswire-FirstCall/ -- Alternative Fuel Technology, LLC, a wholly owned subsidiary of Alternative Fuel Technologies, Inc. (Pink Sheets:AFTC.pk - News) announced today that the Company has been awarded a Phase 1 SBIR contract (W56HZV-10-C-0200) from the U.S. Army to concept design and demonstrate an ultra high pressure, intensified fuel injection system for use with jet propellant (JP-8) fuel. The goal of this Phase 1 project is to demonstrate an injection system that can produce 40,000 psi (2750 bar).

"It is generally agreed that very high injection pressures are needed to improve engine thermal efficiency fuel economy, lower heat rejection, and to minimize exhaust aftertreatment complexity and costs," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. "With most fuel injection systems, JP-8 fuel causes wear and premature failure. Using oil powered, intensified injectors generally eliminates this problem because many of the highly loaded parts are lubricated with oil instead of JP-8 fuel. Also, the injector plungers are not side loaded and can therefore withstand very high pressures."

In addition to being CEO of Alternative Fuel Technologies, Inc., Mr. McCandless is one of the original developers of oil powered, intensified fuel injectors. Millions of this type of injector have been used since the mid 1990s by Navistar, Ford, Caterpillar, and Isuzu.

The Army's stated goal of 40 ksi is a reasonable projection of what will be needed in the relatively near future. The Army already uses lube oil actuated, intensified fuel injectors on some of its combat vehicle engines, but pressures are limited to <30,000 psi.

A Phase 1 option to this contract may be awarded, which could raise the current contract award to $120,000. Assuming that Phase 1 is successful, the Company may be asked to propose a Phase 2 project to further develop the design. A Phase 2 project is typically funded at about $750,000.

To date, the Company has applied for a total of 3 SBIR projects from the U.S. Army and has been awarded contracts for all three.

"We believe that developing specialty fuel injection equipment for the military can improve the reliability and performance of military vehicles, and helping our military complete missions more quickly and safely," said McCandless.


Per ora il titolo è a 0,0055$ +28%.
 
Ultima modifica:
Solo una cosa: buttateci un occhio ;) ..... e se volete anche qualche $.
 
Oggi news. :D

Alternative Fuel Technologies Awarded $715,000 Phase 2 SBIR U.S. Army Contract


Today : Wednesday 27 October 2010


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.

About Alternative Fuel Technologies, Inc.

Alternative Fuel Technologies, Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). The Company has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The Company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011. For more information, visit: Alternative Fuel Technologies.

About SBIR's:

DoD's SBIR program funds early-stage R&D projects at small technology companies -- projects which serve a DoD need and have the potential for commercialization in private sector and/or military markets. The program, funded at approximately $1.23 billion in FY 2009, is part of a larger (>$2 billion) federal SBIR program administered by twelve federal agencies.

As part of its SBIR program, the DoD issues an SBIR solicitation three times a year, describing its R&D needs and inviting R&D proposals from small companies -- firms organized for profit with 500 or fewer employees, including all affiliated firms. Companies apply first for a six-month to nine-month phase 1 award of $70,000 to $100,000 to test the scientific, technical, and commercial merit and feasibility of a particular concept. If phase 1 proves successful, the company may be invited to apply for a two-year, phase 2 of approximately $725,000 to further develop the concept, usually to the prototype stage. Proposals are judged competitively on the basis of scientific, technical, and commercial merit. Following completion of phase 2, small companies are expected to obtain funding from the private sector and/or non-SBIR government sources (in "Phase 3") to develop the concept into a product for sale in private sector and/or military markets.
 
News anche oggi.

Alternative Fuel Technologies Plans Facility and Personnel Expansion in Anticipation of New Business
Alternative Fuel Techs (USOTC:AFTC)

Today : Thursday 28 October 2010

Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) today announced that the Company plans to expand its research & development facility in Redford, Mich. by 25 percent in anticipation of new business from government and commercial customers.

In addition to expanding its facility for offices and additional lab space, the Company plans on purchasing a high-precision Computer Numerical Control (CNC) grinder and a Talyrond high-precision measurement instrument to improve the quality of its fuel injection systems, and hiring three additional engineers over the next four-to-six months to handle increased DME and jet fuel system development projects.

"Over the past year, we have seen a growing interest in our fuel injection systems from government and commercial customers around the world," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. "We have delivered more of our fuel injection systems to our customers in 2010, than ever before. As a result of new customer wins and recent contract awards, we are more self-sufficient than ever. This planned expansion will allow the Company to continue along its growth curve, ramp up its manufacturing capability, and increase capacity across the board."
 
Rientrato.
 
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