20.01.03

20.1.2003: Meldung: Dynetek Industries Ltd. to Supply Ford

Dynetek to Supply Hydrogen Storage System for Ford"s Hybrid Model U Automobile
Monday January 20, 11:43 am ET

CALGARY, Jan. 20 /CNW/ - Dynetek Industries Ltd. (TSX: DNK - News) of Calgary, Alberta, announced today that it will supply its 10000psi (700bar) hydrogen storage system for Ford"s hybrid Model U, unveiled at the 2003 North American International Auto Show in Detroit last week.

Ford"s Model U is intended to be the "Model T of the 21st century". The Model U integrates renewable, recyclable materials in its construction and is very low in emissions. The Model U combines a hydrogen-powered, supercharged, intercooled 2.3-litre four cylinder internal combustion engine (ICE) and a hybrid electric transmission. Ford estimates that in addition to super clean emissions, the fuel economy will be approximately 45 miles per gallon.

"We are excited to partner with Ford on this hydrogen ICE project", said Robb Thompson, President and Chief Executive Officer of Dynetek. "Dynetek has worked very closely with Ford on a number of fuel cell vehicles that are currently being demonstrated around the globe. The hydrogen ICE project is a logical step in the progression to solving the hydrogen infrastructure issues prior to the commercialization of fuel cell vehicles."

Dynetek Industries Ltd. designs, produces and markets one of the lightest and most advanced fuel storage and refueling systems for compressed natural gas, low emission vehicles and compressed hydrogen, zero-emission fuel cell and internal combustion engine vehicles. Dynetek is recognized around the world for its solutions-of- choice to the alternate fuel vehicle sector, evidenced by strategic relationships with major manufacturers around the globe. Dynetek is listed on the Toronto Stock Exchange, symbol: DNK.

For further information

Robb Thompson, President and Chief Executive Officer, (403) 720-0262 or 1-888-396-3835 (toll free in North America), www.dynetek.com


Source: Dynetek Industries Ltd.
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