ARDEN, NC, Feb 16, 2012 (MARKETWIRE via COMTEX)
-- WatchIt Technologies Inc. " http://www.watchittech.com "
(pinksheets:WTCT) announced that the company is continuing to meet
its milestones in the development of the diesel version of its
"fuel reformer."
According to the company, the first phase of
testing has been completed and the second phase is commencing. To
date the vehicle has undergone "pre fuel reformer" evaluation in a
state approved independent facility. When the fuel reformer is
installed, the same tests will be repeated and the results will be
compared.
In preparation for the baseline fuel economy
testing that should be completed by the end of this week, several
changes to the vehicle had to be made. The vehicle has been
returned to as close to original equipment as possible. The purpose
of doing that is so that once the fuel reformer is installed and
all the baseline tests are repeated, the company can then do a more
accurate comparison to the original EPA specifications.
The first phase was to collect baseline emissions
data so it can be compared with the same tests once the Fuel
Reformer is installed. Testing on the gas version reduced tail pipe
emissions by 65%.
The company's engineering staff has completed
some final adjustments to the fuel reformer design and they are
ready to see the fruits of their labor. Once the baseline fuel
economy test is completed this week, all efforts will be focused on
installation. The first hurdle is to determine the running capacity
of the diesel engine with the fuel reformer installed.
The company believes that in addition to
increasing fuel economy, the diesel version will greatly improve on
tail pipe emissions. As recently reported in an article published
in USA Today, many of the major auto manufacturers are now adding
diesel engines to their new car lineup. Until recently, the US
market objected to the noise of the engine and the black smoke
emitted from the vehicle. The company believes that with this new
emphasis on diesels in the US auto market, that the diesel market
both here and abroad will embrace the diesel Fuel Reformer.
According to the Board of Directors of WTCT, "The
testing process has begun and we look forward to reporting our
results to our shareholder base as we progress towards the fuel lab
testing."
About WatchIt Technologies Inc.:
WatchIt Technologies is an "incubator" for
emerging "Green Technology" corporations. Its focus is on
strategies that are structured to mitigate risk and produce returns
to investors.
Safe Harbor Act: Statements contained in this
news release, other than those identifying historical facts,
constitute "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 and the Safe
Harbor provisions as contained in the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements relating to the
Company's future expectations, including but not limited to
revenues and earnings, technology efficacy, strategies and plans,
are subject to safe harbors protection. Actual Company results and
performance may be materially different from any future results,
performance, strategies, plans, or achievements that may be
expressed or implied by any such forward-looking statements. The
Company disclaims any obligation to update or revise any
forward-looking statements.
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