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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: Mac who wrote (1775)	8/18/1998 10:11:00 AM
From: okey	Read Replies (1) \| Respond to of 3458

ATF News release pertaining to Mexican order...... First shipment of emissions systems to Mexico Alternative Fuel Systems Inc ATF Shares issued 24,373,982 1998-07-13 close $2.42 Monday Jul 13 1998 Ms. Jo-Anne Cappis reports Alternative Fuel Systems is now beginning its commercial stage with the first shipment to Mexico taking place. The first shipment of 540 AFS Sparrow Systems are en route to Mexico City to be installed in vehicles used within the Mexico City Valley's major transportation system. Installation will commence July 15. AFS is the exclusive supplier to the Mexico City project. The second shipment of 540 systems is scheduled for the end of September. These shipments will complete the phase I contract of $2-million for 1,080 AFS Sparrow units. This represent the first of a number of commercial worldwide contracts AFS expects to receive in 1998. A letter of intent for the conversion of 10,000 vehicles per year over the next 10 years for phase II of the Mexico City contract has been signed. Rigorous testing and full certification by the federal government of Mexico in June 1998 gave AFS full endorsement of the AFS Sparrow system, which converts gasoline-burning engines to natural gas. These test results not only met but exceeded new emissions standards, showing approximately 50 per cent of the amount of NOx and reactive HC emissions permitted by new Mexican regulations on the Microbus tested, and a Volkswagen Beetle tested 75 per cent below the emissions permitted, giving them a wide margin of clean exhaust emissions. These tests were achieved without compromise to performance and driveability. AFS will take part in the opening ceremonies of the first of two state-of-the-art compressed natural-gas refueling stations to arrive on site the week of July 13. These stations being constructed by the Kraus Group of Canada will each be capable of servicing 1,600 vehicles per day, and will be among the largest NG fueling stations in the world. A five year government program calls for the construction of an additional 100 refueling stations in Mexico City Valley, the largest polluted urban centre in the world. AFS is completing pilot projects in Chile, India and Asia, and is developing systems with partners in the United Kingdom and Europe. On June 4, Santiago, Chile, Mayor Jaime Ravinet de la Puente in conjunction with Santiago Innova and Andina Bottlers and Distributors introduced the conversion of two Coca Cola trucks with the Eagle diesel conversion technology developed by AFS. The Eagle diesel conversion system is also running extremely well on two public transportation buses within the city, and has favourable reports and positive emissions testing. The AFS participation in the Mexico City air pollution project sets an example for the rest of the world. The Sparrow system is a prominent device in the fight to reduce Mexico's pollution. The innovative Sparrow and Eagle technologies along with the revolutionary reverse flow catalytic converter firmly position AFS on the cutting edge of global efforts to reduce engine emissions. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Mac who wrote (1775)	8/18/1998 11:26:00 PM
From: BigCapGuy	Respond to of 3458

<<pending. Deserves some D.D.. Alternative Fuel Systems is very well distributed across the globe with very favorable results.>> Yep, Alternative Fuels are all over. Much further along than I had thought in fact. Emissions are virtually eliminated but I think based on what I saw that overall costs will be higher, reliability will be lower, efficiency will be lower(mileage, refueling needs), and there isn't enough incentive to use AFVs yet. By incentive I mean what is the lowest cost method to comply with current regulations. I don't think any of the Transit Agencies or private businesses are likely to be environmentally friendly for its own sake. They will choose the least expensive way to compliance. I always thought that the only way to clean up is by making it profitable/cost-effective for the polluters to comply. That's the only way they'll let congress pass the laws. Otherwise they scream about being put out of business. Look at tobacco. So I still think Turbodyne is the solution that will get the job done today and give a long term payback (financialy). No need for new refueling stations or engine conversions. What's it costing Mexico per vehicle to be refit with those Sparrows. Lets include the cost of the fueling stations, fuel, ... and the new infrastructure. I am definitely not against this technology I just think that it's too expensive for current regulations. If someone can fill in the blanks on AFV costs I'd like to know. Talked to IR today, didn't get much as it was late in the day but I'll get back to them: -Russia: UN Development Program, European Bank for Reconstruction & Development in London, US Export/Import Bank, and World Bank working out the gaurenteeing the financing of the consumer (Trans Business Group). Turbo recieves payment 30 days before the first shipment. Supposed to start shipping in the 4th quarter. He stated emphatically that no products would be shipped until they are paid for. I'm banking more on UBP and other domestic agencies, and Europe. IR also mentioned Waste Management Inc. and a second "garbage truck" type outfit that he couldn't recollect. (It was late and the guy was an "assistant"). -Absolutely would not comment on alliances I think KKK, DDC are likely partners.