SmallCapNewsRelease:(OTC:AFTC) Receives Phase I Army Award
JERICHO, NY--(SmallCapNewsRelease)--January 19th, 2010 Alternative Fuel Technologies, Inc. (OTC:AFTC) announced earlier today their subsidiary Alternative Fuel Technology, LLC has been awarded $50,000 to its Phase I Army Small Business Innovation Research (SBIR) contract.
The Phase I contract, which was completed in late July of 2009, involved accelerated testing and analysis of a high pressure fuel injection pump running JP-8 jet fuel. The US Army uses JP-8 jet fuel in all vehicles and engine powered equipment.
The option award gives Alternative Fuel the ability to continue concept and design work while Phase II of the contract is formalized.
To view the entire press release, please visit: http://finance.yahoo.com/news/Alternative-Fuel-Technologies-prnews-681010729.html?x=0&.v=1
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