Hy-Drive Developments - Ontario Waste Management to take delivery of Eighteen
(18) Hy-Drive HGS(R) Units

Hy-Drive Technologies Ltd. (HGS-V)

MISSISSAUGA, ON, March 16 /CNW/ - Hy-Drive is pleased to announce that it has signed an agreement for delivery of eighteen (18) of its Hydrogen Generating System (HGS) units to Ontario Waste Management ("OWM"), a division of Courtice Auto Wreckers Ltd., of Oshawa, Ontario. Hy-Drive will be installing the HGS units on OWM trucks over the next several weeks as trucks become available.

Working closely with a team from Hy-Drive, OWM completed a rigorous series of testing trials based on a standard SAE Type IV protocol. The trials, which occurred over a period of two months, mapped engine performance over consistent long-haul runs, using the same drivers with tightly controlled fuelling and the use of control vehicles. To ensure precise, meaningful and realistic comparative evaluation of engine performance, with and without the use of HGS, additional environmental considerations such as temperature, altitude, humidity and wind were also factored into the data collection.

Harvey (Skip) Ambrose, President and Owner of OWM commented, "I am absolutely convinced that Hy-Drive's technology does significantly reduce fuel consumption and simultaneously lower particulate emissions based upon the empirical proof seen from the recently completed comprehensive testing. We are very pleased that this will allow us to get meaningful savings and reduce the environmental impact of our fleet of waste haulage trucks in Ontario."

"OWM realized fuel improvement and opacity emission reductions equal to or greater than those previously reported," said Hugo Sorensen, President and CEO of Hy-Drive. "We very much look forward to continuing to work with Skip Ambrose and OWM as leading early adopters of our HGS technology."

Simultaneously, Hy-Drive will be implementing a significant on-road advertising campaign with OWM to increase the awareness of Hy-Drive's HGS product.

About Hy-Drive

Hy-Drive is a technology firm that has developed a proprietary, patented hydrogen generating system. Hy-Drive's Hydrogen Generating System ("HGS(TM)") generates and injects hydrogen gas into a regular internal combustion engine, enhancing the combustion process by allowing fuel to burn more efficiently and completely. For more information, please visit www.hy-drive.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00016984E

For further information: Hugo T. Sorensen, President & CEO, Hy-Drive Technologies Ltd., Tel: [phone], ext. 222, [email protected]; Fred M. Florence, Vice President & CFO, Hy-Drive Technologies Ltd., Tel: [phone] ext. 257, [email protected]