Security & Defense: Alt Fuel Tech Wins Army Contract
October 28, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) – Alternative Fuel Technology, LLC, a wholly owned subsidiary of Alternative Fuel Technologies, Inc. (OTC: AFTC) said that the company has been awarded and has commenced working on a U.S. Army Phase 2 SBIR project valued at US$715,000.
According to Alternative Fuel, the Phase 2 project is an extension of a successful Phase 1 project in which AFT identified a significant wear problem on a commercial diesel common rail fuel injection system running on JP-8 jet fuel.
The Army uses JP-8 jet fuel in all of its diesel applications for logistics reasons.
Under the award, the company will redesign the commercial diesel common rail pump to lower wear to acceptable levels in this Phase 2 project.
Michigan-based Alternative Fuel Technologies 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 fuel injection equipment for DME fueled vehicles.
DoD's SBIR program funds early-stage R&D projects at small technology companies. The program, funded at around $1.23 billion in FY 2009, is part of a larger federal SBIR program administered by twelve federal agencies.
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