The U.S. Air Force is trying to make its ground vehicles a little less petroleum fuel-hungry. It has advanced li-ion battery contracts out and funded the Silverado EV. The company Xcelplus International Inc. announced this week that it and MAG International Inc. will be providing the Air Force with a "new fleet of off road vehicles designed to reduce exhaust emissions." The reduced emissions for the 450 vehicles come from flexfuel conversions and then running the unnamed vehicles on E85. Aside from the secrecy of the vehicles involved, the amount the company will receive for the conversions was also not stated. One thing that isn't hush-hush, though, is that a lot of taxpayer money will be funneled through the Pentagon to increase fuel efficiency for "warfighters" for a long time to come. More detail after the break.
Press Release:
Flex Fuel Conversions for the U.S. Air Force
HARTFIELD, Va., May 19 /PRNewswire-FirstCall/ -- Xcelplus International Inc. (Pink Sheets: XLPI) announces the pending appointment of MAG International Inc. (http://www.maginternationalinc.com/) as a new OEM distributor of Flextek Flex Fuel Conversion technology (http://www.flextek.com/).
The U.S. Air Force recently accepted MAG's bid to provide a new fleet of off road vehicles designed to reduce exhaust emissions. Reducing the exhaust emissions of its fleet is a major concern of the Air Force. The vehicles supplied by MAG will use Flextek technology to allow the vehicles to utilize emission reducing E85 fuel.
As an OEM Flextek distributor, MAG will be marketing to military installations and other government facilities as well as private off-road vehicle purchasers including farms, refineries, stadiums, hotels, resorts, casinos, amusement parks, airports, building complexes, universities and colleges.
"We are very excited about the purchase and OEM agreements with MAG International Inc.," said Bill R. Smith, president of Xcelplus International Inc. "We have been saying for some time now that rising concerns about exhaust emissions and record high gasoline prices will work to make Flextek a household name in fuel conservation. The decision of MAG International to use Flextek as part of their military application package marks a major milestone for Xcelplus." Their initial order of 450 plus units is a great start to this new relationship.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Xcelplus International believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Xcelplus International or any other person that the objective and plans of Xcelplus International will be achieved.
[Source: Xcelplus International Inc.]
Press Release:
Flex Fuel Conversions for the U.S. Air Force
HARTFIELD, Va., May 19 /PRNewswire-FirstCall/ -- Xcelplus International Inc. (Pink Sheets: XLPI) announces the pending appointment of MAG International Inc. (http://www.maginternationalinc.com/) as a new OEM distributor of Flextek Flex Fuel Conversion technology (http://www.flextek.com/).
The U.S. Air Force recently accepted MAG's bid to provide a new fleet of off road vehicles designed to reduce exhaust emissions. Reducing the exhaust emissions of its fleet is a major concern of the Air Force. The vehicles supplied by MAG will use Flextek technology to allow the vehicles to utilize emission reducing E85 fuel.
As an OEM Flextek distributor, MAG will be marketing to military installations and other government facilities as well as private off-road vehicle purchasers including farms, refineries, stadiums, hotels, resorts, casinos, amusement parks, airports, building complexes, universities and colleges.
"We are very excited about the purchase and OEM agreements with MAG International Inc.," said Bill R. Smith, president of Xcelplus International Inc. "We have been saying for some time now that rising concerns about exhaust emissions and record high gasoline prices will work to make Flextek a household name in fuel conservation. The decision of MAG International to use Flextek as part of their military application package marks a major milestone for Xcelplus." Their initial order of 450 plus units is a great start to this new relationship.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Xcelplus International believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Xcelplus International or any other person that the objective and plans of Xcelplus International will be achieved.
[Source: Xcelplus International Inc.]
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