Wall Street News Alert's "stocks to watch" this morning are: HyPower Fuel, Inc. (PINKSHEETS: HYPF), Energy Conversion Devices, Inc. (NASDAQ: ENER), DIRECTV Group, Inc. (NYSE: DTV) and Mirant (NYSE: MIR).
HyPower Fuel, Inc. (PINKSHEETS: HYPF) is a new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. The company, in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen-related products, issued a press release Monday after the markets closed, announcing that it has retained the services of a renowned patent attorney, Mr. Robert Shaver of Dykas Shaver and Nipper, LLP, to begin work on a process patent for its new developed high-efficiency electrolyzer.
This could be big! The H2 Reactor is an electrolyzer that uses a unique process of electrolysis to create hydrogen and oxygen gases from water. After extensive technical research and development work with its joint venture partner, HyPower believes that the H2 Reactor's electrolysis process is technologically the most efficient to date with an unprecedented ratio of 1 liter of hydrogen production to an electrical input of 1 watt hour. This is approximately 2 to 2.5 times more efficient than the current state of the competing technology.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of HyPower Fuel. "This is a very big development for HyPower and for the electrolyzer market in general. After extensive testing we believe this process is a major breakthrough in the hydrogen production sector. In addition to hydrogen production this process can be adapted to create an onboard on demand system to power vehicles as well," said Doug Bender, President of HyPower.
Continue to watch this company. Hydrogen is currently used extensively to make ammonia, Methanol, gasoline, heating oil and rocket fuel. It is also utilized to make fertilizers, glass, refined metals, vitamins, cosmetics, semiconductor circuits, soaps, lubricants, cleaners, and even margarine and peanut butter. Hydrogen can be used to fuel today's internal combustion engine vehicles and tomorrow's fuel-cell vehicles. Hydrogen could also replace today's natural gas for heating and cooling homes and powering hot water heaters.
"With our current HPP Product now being used in the market as a hydrogen insertion device, development of the H2 Reactor is the next logical step for HyPower to become a hydrogen producer," Bender added.
Prior to the latest press release, the stock closed Monday at around Nine cents a share.
For an in-depth profile of HyPower Fuel Inc., visit http://www.thenewssvc.com/HYPF121106.html
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About the Hydro Power Pack (HPP): The HPP is a retrofit hydrogen insertion device developed for use on tractor trailer rigs as well as stationary diesel engines to improve fuel economy, reduce harmful emissions and increase engine performance and horsepower. Although the HPP does not eliminate the need for gasoline, diesel or other fuels it does provide the onboard production of hydrogen that supplements the primary fuel source. Hypower believes the HPP is more efficient than any existing form of electrolysis-based hydrogen production/insertion technology. The HPP is a transition technology paving the way for future retrofit hydrogen production technologies that will allow engines to be fueled totally with hydrogen produced on board, on demand.
In case you are not familiar with the company: HyPower Fuel, Inc. is a category leading company in the energy technology sector, focusing on providing innovative alternative energy through hydrogen production and hydrogen-related products. HyPower has successfully commercialized the integration of hydrogen production and hydrogen insertion technologies using electrolysis to improve the overall performance and efficiency of the internal combustion engine while burning gasoline, diesel, natural gas, liquid propane, ethanol, methanol or a combination of fossil fuels and biofuels. HyPower's signature product, the Hydro Power Pak (HPP), has demonstrated a significant impact on the performance of engines while at the same time increasing fuel economy, significantly reducing harmful emissions, inducing a cleaner, more efficient burn, and increasing torque and horsepower. The HPP results in greater productivity, less carbon residue and sludge build-up and overall increased operating efficiency. HyPower is also engaged in the research and development of hydrogen production technology and biofuel products.
Energy Conversion Devices, Inc. (NASDAQ: ENER) up 9.6% on 2.9 million shares traded. ECD Ovonics is one of the leaders in the synthesis of new materials and the development of advanced production technology and innovative products.
DIRECTV Group, Inc. (NYSE: DTV) up 4.95 on 14.5 million shares traded. DIRECTV, Inc. is one of the nation's leading satellite television service providers.
Mirant (NYSE: MIR) up 1.9% on 4.9 million shares traded. Mirant is a competitive energy company that produces and sells electricity in the United States, the Caribbean, and the Philippines.
Market Commentary:
"Gold continues to break new ground up by $3.00 an ounce or $634.00; oil is off by 18 cents to $61.85 a barrel. OPEC is also meeting this week; some experts predict a tightening in oil production in an effort to keep prices high. Of course, this is good news for energy pioneers, spurring them into creating more alternative fuel options," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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