Henderson, Nevada (PRWEB) August 12, 2008
Cal-Bay International, Inc. (OTC: CBAY) today announced the company has received a green light for the development of five West Coast commercial vehicle hybridization installation centers.
CBI today announced the green light for the construction of the centers from the CA-based hybridization company, who informed CBI that they have secured the first hybridization retrofit agreement with an established California trucking company. The fleet of 150 big rig vehicles is for long haul transportation services covering over 600,000,000 miles annually. The trucking company specified the contract is for the installation of the "Hydrogen Fuel Assist" (HFA) equipment on the entire fleet of big rig vehicles.
Melinda Rice, Acting President for CBI, stated: "We have been working with the hybridization company for several months on this project, and it is now coming to fruition. CBI will immediately begin locating appropriate CA, AZ & NV locations for the installation centers. The geographic locations are based on the requirements submitted by the "HFA" company, who specified their goal is to have at least two Southern California centers fully operational before the end of 2008. The "HFA" company is currently in negotiations with other fleet operators who have shown a definite interest in the hybridization retrofit equipment. At this time, CBI-approved construction of the hybridization centers is specifically for the installation of commercial vehicle diesel engine retrofit conversion units."
The hybridization company further maintains using their Hydrogen Fuel Assist conversion units and additive program, which does not infringe the manufacturer's warranty, and effectively adds a bonding solution to the instrumental moving engine components proclaiming longer engine life. The company further claims the use of the "HFA" products can also reduce emissions in excess of 40% over conventional diesel fuel. Test data results for this information is not currently available due to continued Research & Development for eventual submission for EPA approval.
Note: Due to the terms of the contract the CA hybridization company agreement with CBI states, CBI may not divulge the company name at this time, as the company is a privately owned corporation in the process of filing to become a publicly traded company.
FORWARD LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.
Source: Cal-Bay International, Inc.
info @ cbayinternational.com
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