HyPower Fuel Reports Increased Inquiries from Fleet Operators and Vehicle Owners Seeking Fuel Savings

  
    
  
  
    
      HyPower Fuel Inc. (HFI) (Pinksheets: HYPF) is pleased to provide an 
      update on its innovative, hydrogen division which has products for the 
      transportation industry.
    
    
      Mr. Douglas Bender, President of HyPower Fuel, stated that “in 
      the past few months we have had the pleasure of being inundated with 
      calls and orders for our Hydro Power Pak (HPP) and H2 Reactor (H2R) 
      products for hydrogen insertion and production. Currently, we receive a 
      large number of calls every day from purchasers and interested parties 
      desiring to buy one of our products. These callers range from fleet 
      operators to single vehicle owners intent in saving on their fuel usage.”
    
    
      Doug Bender also said that “we have been 
      unable to accommodate the calls of demand for our products. This is 
      despite the fact that we have recently decided to increase our retail 
      sale prices by over 10%. We are now in the process of establishing a 
      listing of backordered units which, in all likelihood, will be 
      approximately 1,000 units.”
    
    
      Finally, Mr. Bender reiterated that “HyPower 
      is truly a leader in green, alternative fuel technologies. Soon, we will 
      be releasing the remainder of our hydrogen videos and our new videos on 
      our ‘other’ green 
      technologies. I am confident that 2008 will be a profitable year for 
      HyPower and its shareholders.”
    
    
      About the H2 Reactor (H2R)
    
    
      The H2 Reactor is one of HyPower Fuel’s 
      technologies. It is an electrolyzer that uses a unique process of 
      electrolysis to create hydrogen and oxygen gases from water. It can be 
      used on-board for injection into any internal combustion engine. After 
      extensive technical research and development work, HyPower believes that 
      the H2 Reactor’s electrolysis process is 
      technologically the most efficient to date in terms of oxy-hydrogen 
      production to an electrical input. The H2 Reactor can be used in any 
      manufacturing, transportation, business or household application 
      involving heat or combustion. HyPower also hopes to adapt this 
      technology for a variety of purposes including improving the production 
      capacity of plants requiring heat processes.
    
    
      About HyPower Fuel Inc.
    
    
      HyPower Fuel, Inc. is a category leading company in the energy 
      technology sector, focusing on providing innovative alternative energy 
      using environmentally beneficial processes. HyPower is currently 
      commercializing the integration of hydrogen production and hydrogen 
      insertion technologies using electrolysis to improve the overall energy 
      performance and efficiency. For more information please visit: www.hypowerfuel.com
    
    
      Safe Harbor
    
    
      Statements about the Company's future expectations and all other 
      statements in this press release other than historical facts, are 
      "forward-looking statements" within the meaning of Section 27A of the 
      Securities Act of 1933, Section 21E of the Securities Exchange Act of 
      1934, and as that term is defined in the Private Securities Litigation 
      Reform Act of 1995. The Company intends that such forward-looking 
      statements be subject to the safe harbors created thereby. The above 
      information contains information relating to the Company that is based 
      on the beliefs of the Company and/or its management as well as 
      assumptions made by and information currently available to the Company 
      or its management. Factors that could cause results to differ include, 
      but are not limited to, successful performance of internal plans, the 
      impact of competitive services and pricing and general economic risks 
      and uncertainties.