TORONTO, Ont. — Hy-Drive Technologies has announced it has placed its G2 hydrogen generating system in 37 truck fleets through its conditional purchase program.
The Hy-Drive systems generate and inject hydrogen gas into the engine, enhancing the combustion process by allowing fuel to burn more efficiently and completely, the company says. It claims users realize improved fuel mileage and reduced emissions.
The company’s conditional purchase program allows fleets to test the products at a cost of $450 upon installation and then $390 per month. Once the trial period expires, customers can enter into a purchase agreement or send the units back with no obligation, Hy-Drive says.
The 37 fleets participating in the program represent 10,546 trucks.
“The market penetration by our sales agents in just a couple of months time of our HGS G2 units within Canada and the US has been very encouraging,” announced Tom Brown, Hy-Drive Technologies president and CEO. “The response we have been getting to our technology, in the words of our customers is that it is very timely and sorely needed, for both its cost savings and its environmental benefits.”
He added the company is working with small- and medium-sized fleets as its initial target customer group but now the company is gaining the attention of some major fleets.
Hy-Drive also announced it recently sold and delivered $330,000 worth of G2 units to Sparta Capital in Australia for installation on several truck fleets there.
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