Green Bridge Technologies International, Inc. (Pink Sheets: GRBT), is pleased to announce that the Company has acquired Air Pure Systems Development, Inc. (APS), an Indiana company with proven devices that lower output emissions while improving fuel consumption in gasoline engines. Green Bridge Technologies purchased 80% of APS for an undisclosed amount of stock, cash and other considerations.
APS has operated a 1999 Ford Expedition with the patented fuel modification device installed for over 50,000 miles. Third party testing of the specially equipped Ford Expedition was performed in April 2007 by the Environmental Testing Corporation (a Denver high altitude EPA approved test facility). The test indicated a high-altitude city and highway performance of 14.92 MPG and 22.26 MPG, respectively. This result indicates an improvement in MPGs of 14.8% city and 23.7% highway or an overall combined average improvement of 19.3% when compared to the original EPA-estimated performance. As part of the purchase agreement, APS will repeat the third party test without the device operating to establish a baseline and then again with the device operating to reconfirm the results. APS anticipates results will vary with different fuels, additives, ethanol substitutes, engines, etc., however, MPG improvement should remain around 20% overall.
The acquisition of APS is part of the Company's strategy to acquire or license new energy efficient technologies and bring them to market. The Company and APS will start the design of the production version of the device immediately. APS will operate as a subsidiary of Green Bridge Technologies International, Inc.
"We are ecstatic to have acquired a company with proven innovative technology that not only reduces emissions but also lowers fuel consumption. The Air Pure Systems technology is a perfect complement to our Vapor Technology and we will be able to bring this product to market very soon," stated Leonard Baxter, Chairman and CEO of Green Bridge Technologies International, Inc.
For more details on Green Bridge Technologies accomplishments in 2009 and expectations for 2010 read the Company's "President's Letter" by visit: www.gbtintl.com
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