Erik Ulsteen, CEO and chairman of EPS, said: “We are excited to announce this LOI. It is our goal to have a final contract signed early in 2010. This shows the significant potential of our technologies, and we are pleased to expand the market reach for our sensor technology. We are pleased to add partners which will help us reach new markets and add additional revenue in years to come.”
EPS acquires, develops, markets and licenses technologies to improve fuel economy and to reduce environmentally harmful exhaust emissions. Using advanced fuel treatment devices, EPS has developed a proprietary multi-phase process utilizing engineered flow patterns in order to restructure fuel hydrocarbons. This increases fuel efficiency and produces a cleaner burn during the engine’s combustion cycle. EPS has a portfolio of technologies in production and development and continues to expand.
