REDFORD, Mich., Oct. 28 /PRNewswire-FirstCall/ -- Alternative Fuel Technologies, Inc. (Pink Sheets: AFTC) today announced that the Company plans to expand its research & development facility in Redford, Mich. by 25 percent in anticipation of new business from government and commercial customers.
In addition to expanding its facility for offices and additional lab space, the Company plans on purchasing a high-precision Computer Numerical Control (CNC) grinder and a Talyrond high-precision measurement instrument to improve the quality of its fuel injection systems, and hiring three additional engineers over the next four-to-six months to handle increased DME and jet fuel system development projects.
"Over the past year, we have seen a growing interest in our fuel injection systems from government and commercial customers around the world," said James McCandless, Chief Executive Officer of Alternative Fuel Technologies, Inc. "We have delivered more of our fuel injection systems to our customers in 2010, than ever before. As a result of new customer wins and recent contract awards, we are more self-sufficient than ever. This planned expansion will allow the Company to continue along its growth curve, ramp up its manufacturing capability, and increase capacity across the board."
About Alternative Fuel Technologies, Inc.
Alternative Fuel Technologies, Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). The Company has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The Company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011. For more information, visit: http://www.altfueltechnology.com
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SOURCE Alternative Fuel Technologies, Inc.