AFTC Alternative Fuel Technologies Inc (PK)

Alternative Fuel Technologies Inc. (PINKSHEETS: AFTC) today announced it has submitted a proposal to the US NAVY to develop an innovative advanced propulsion solution for future combatant craft with breakthrough technology for multi-fuel engines weighing three to five times less than conventional diesel engines of the same horsepower.

The SBIR invitation (Topic Number NO 92-122 - NAVY) project includes three phases totaling nearly $20,000,000.00 after full completion of a prototype engine installed on a marine craft. AFTC expects an answer from the US NAVY in the next 60 to 90 days.

Alternative Fuel Technologies Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl ether (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles.

For more information please visit www.altfueltechnology.com

Other active stocks are General Electric (NYSE: GE), Ford Motor Company (NYSE: F) and The Dow Chemical Company. (NYSE: DOW).

For entire release, go to http://finance.yahoo.com/news/Alternative-Fuel-Technologies-iw-1201235007.html?x=0&.v=1

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