SYDNEY, Aug. 3, 2011 /PRNewswire-Asia/ -- Sydney, Australia based public company, Globo Hydro Power Ltd. is issuing a public retraction of two short statements published in its Tuesday 26th July media release.
The first statement for retraction is, "The New South Wales Department of Fair Trading…have recently approved the fitting and retail sales of Global Hydro Power's worldwide patent of the hydrogen infusion system for use in standard Australian vehicles and engines."
The second retracted statement is, "Commonwealth Scientific and Industrial Research Organisation (CSIRO) scientists confirmed that the oil used within the engine's operating system and the oil within the vehicle's primary fuel source coats the cylinders and cylinder heads, forming a protective barrier between the hydrogen gas and the metal of an engine."
The CSIRO has in no way provided a report or official statement to Globo Hydro Power Ltd. and CSIRO has no relationship or agreement with Globo Hydro Power Ltd. despite what the former media release may suggest.
Globo Hydro Power states it is an eco-innovative public company which has developed a fuel enhancement process, which utilises Hydrogen Gas to dramatically reduce fuel consumption and negative greenhouse gas emissions across Petrol, Diesel, LPG and Bio-Fuel engines.
The system's technology enhances standard fuel systems by blending flammable Hydrogen with standard engine fuels to deliver motorists up to 50% reduced fuel cost savings, while reducing car exhaust emissions by up to 45%. This is a profound and obvious improvement on current engine fuel usage.
Globo Hydro Power's Founder and Executive Director, Elaine Johns says, "With the rising fuel costs, Global Hydro Power is much more than a product. It is an opportunity for mum and dad drivers to put an end for once and for all, to the haemorrhage of their weekly income. For business operators and high polluters, it's a new green technology giving assistance with reducing greenhouse gas emissions in light of the recent carbon tax announced in Australia by the current Federal Government."
"In a victory for the environment, Hydrogen gas has always been a naturally produced by-product of petroleum production which is released wastefully into the atmosphere. Oil companies can now tap the Hydrogen gas by-product, storing it safely for resale and inclusion into GHP's fuel enhancement process," Miss Johns states.
SOURCE Globo Hydro Power Ltd.