PLANT

MTI pays $8M/year to make blutip HGS

blutip Power Technologies has sold exclusive manufacturing and marketing rights for its Hy-Drive HGS hydrogen generating system to Mining Technologies International Inc.

April 14, 2011   by PLANT STAFF

MISSISSAUGA, Ont.: blutip Power Technologies has sold exclusive manufacturing and marketing rights for its Hy-Drive HGS hydrogen generating system to Mining Technologies International Inc. (MTI).

MTI, a Sudbury, Ont.-based mining equipment manufacturer, will pay $2 million quarterly to blutip Power, a division of Hy-Drive Technologies Ltd. in Mississauga, Ont., for the exclusive manufacturing and global distribution licensing rights for the hydrogen-enhanced diesel combustion technology.

The system is used with direct-driven rolling equipment applications in the surface mining, underground mining, tunnelling, construction mining and off-highway market sectors.

It injects small amounts of hydrogen gas, on demand, into the combustion chamber of a vehicle’s engine. The company says the enriched air/fuel mixture burns more efficiently, thus reducing greenhouse gas emissions.

MTI will manufacture and supply the current Hy-Drive HGS and all of its associated sub-assemblies to the worldwide off-road heavy equipment market.

However, blutip Power’s proprietary controller software, isn’t part of the licence and will be supplied to MTI for each application of the HGS product.
PLANT


Print this page

Related Stories