05.09.03

5.9.2003: Meldung: Dynetek Industries Ltd.: Significant Orders for European Operation

CALGARY, Sept. 3 / - Dynetek Industries Ltd. ("Dynetek"), a leader in developing, producing and marketing lightweight compressed natural gas (CNG) cylinders and compressed hydrogen cylinders, announced today that its 100% owned European subsidiary, Dynetek Europe GmbH has recently received cylinder and system orders from major bus manufacturers in Europe to be delivered by the end of 2003.The bus orders originate from the IRISBUS Group, van Hool in Belgium and Neoplan in Germany. These orders total over 1,000 cylinders and all must be delivered before December 31, 2003. The subsidiary is also negotiating additional cylinder and system sales for 2004 and 2005.

"The natural gas bus market in Europe has always been the strategic plan for our German operation," said Robb Thompson, President and Chief Executive Officer of Dynetek. "The European market is very different from North America for compressed natural gas solutions due to shorter driving distances and steel cylinder competition. Therefore we are extremely pleased with the work of our overseas operation to gain significant market share in the bus market".

"Dynetek GmbH recognized the requirement to provide a complete solution to the bus manufactures in Europe", said Dr. Christian Rasche, Managing Director of Dynetek Europe GmbH. "The complete solution we provide includes cylinders, valves and frame which translate to easy installation onto the buses. This solution provides advantages such as less weight, more gas on board and less operating costs than our competitors can provide."

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 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, Dynetek Industries Ltd., President & CEO, 403-720-0262 or 1-888-396-3835 (toll free in North America), www.dynetek.com

Source: Dynetek Industries Ltd.
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