Xcelplus (CE) (USOTC:XLPI)
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From Dec 2019 to Dec 2024
XcelPlus International Inc. (PINK SHEETS: XLPI) is
pleased to announce that the Hyundai Motor Car Company is testing
XcelPlus FlexTek technology for use as their factory flex-fuel
technology.
Sydney Mills, a consultant for the ethanol industry who worked for
General Motors for 20 years is supervising the tests on vehicles
supplied by Hyundai state fleet manager Gary Jones. According to Mr.
Jones: "Our cars are compatible with E10, but we're being open minded
about what is going to happen in the future." The tests include the
installation of the FlexTek bi-fuel conversion system, and treatment
with XcelPlus Lubrilon engine protection to protect internal engine
parts.
Carsguide.com.au recently published an article detailing the
project. The article can be viewed at:
http://carsguide.news.com.au/story/0,20384,19540982-21822,00.html
"We are very excited at the prospect of our technology being
applied to the new car market," said Bill R. Smith, President of
XcelPlus International Inc. "Use on new vehicles will allow FlexTek
technology to continue long after the conversion market becomes
saturated. More importantly, we are confident that once new car
manufacturers become aware of the benefits of our engine protection
chemicals they will be used on virtually all new cars."
"Lubrilon is only engine protection formula that literally plates
internal engine parts, preventing wear and improving mileage. Use on
new vehicles would drastically reduce manufacturer warranty costs."
In addition to the U.S. Government tested and proven Engine
Protection formulation, XcelPlus' Lubrilon line of products includes
the only E85 motor oil blended specifically for use in vehicles
running on ethanol fuel blends, and chemicals to clean internal engine
components and fuel systems.
About XcelPlus International:
XcelPlus International Inc. manufactures and markets E85
Conversion Systems, Ethanol Fuel Products, and Specialty Chemicals
which enable the growth of the ethanol market, while providing
consumers with a viable means of using newly developed clean energy
technologies.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject to
certain risks and uncertainties which could cause the Company's actual
results and financial condition to differ materially from those
anticipated by the forward-looking statements including, but not
limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties related
to corporate partners or third-parties, product liability, the
dependence on third parties for manufacturing and marketing, patent
risk, copyright risk, competition, and the early stage of products
being marketed or under development, as well as other risks indicated
from time to time in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events.