New York, NY / ACCESSWIRE / October 29, 2014 / SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, today announced it has initiated coverage on HydroPhi Technologies Group, Inc. (OTCQB: HPTG), a Georgia based company focused on the development of water-based, clean energy technology that delivers improved fuel economy and reduced greenhouse gas emissions.
Ajay Tandon, CEO of SeeThruEuqity commented, "We believe that HydroPhi has developed efficient and unique methods to generate hydrogen and oxygen using water as the raw material. The basis of the HydroPlant system is a Hydrolyzer unit that splits water molecules into ionized hydrogen and oxygen gases and their radicals. The hydrogen and oxygen gases, once introduced into the engine's combustion chambers, acts as a fuel additive to help enhance engine performance because the gases cause the existing fuel source to burn more completely and cleanly. The increased performance use of the primary fuel has the benefit of reducing the operating expense because more energy is derived from the fuel and of reducing carbon emissions thereby helping to reduce greenhouse gases as well as meeting emission standards where applicable. HPTG provides fuel efficiency to a potentially broad spectrum of users, including logistics, trucking, heavy equipment, marine and agriculture. We will continue to monitor the company closely and are initiating coverage with a target price of $0.26 per share."
Additional investment highlights are as follows:
Growing demand for clean energy technology driven by high fuel cost and global emission regulations.
The adoption of clean energy technology in the functioning of internal combustion engines will witness rapid implementation in coming years driven primarily by the need to contain high fuel cost through improved fuel efficiency and complying with global emission regulation which is getting increasingly restrictive across the globe. HPTG's flagship technology, HydroPlant(TM) can deliver 12% to over 28% fuel economy as well as 60% lower greenhouse gas emissions. We believe in coming years HPTG's disruptive technology will get widespread acceptability due to its compelling value proposition for users. To illustrate the carbon reduction potential of HydroPlant(TM) technology, it is estimated that if the 240 million registered vehicles in the U.S. were retro-fitted with HydroPlant(TM), net carbon emissions could be reduced 183 MT-C/yr (million tons of carbon per year), assuming an average of 5.1 MT-C/yr for light-passenger vehicles.
Large addressable diesel engine market across US, Europe and Asia
Logistics-based diesel engine market across Mexico, South and Central America, Europe and Asia is grappling with the pressures of improving fuel efficiency and the need to carefully control carbon emissions. HPTG believes diesel engines used in transportation to be the single largest market where it can capitalize in penetrating its HydroPlant(TM) technology in the near future. HydroPhi Technologies seeks to establish a presence in the estimated $1.2 trillion domestic and international transportation logistics market. The Company believes that its technology can generate 14-24% fuel savings in Class 8 trucks and 20-35% fuel savings in class 5-7 trucks. The compelling value proposition offered by HPTG's technology has the potential to get the attention of various logistics players for its use in their diesel engines.
Aggressive strategy for distribution of technology in US and Europe
The primary market for the HydroPhi products initially will be the transportation industry in Mexico and Europe, with a primary focus on trucking and buses. HPTG has envisaged a near term plan through which it wants to integrate its technology in the class 8 engines of heavy duty trucks operational in the U.S. and Europe. Considering the fact that there are 6mn heavy duty trucks operational in the US and Europe, the potential for HPTG to penetrate its disruptive technology across these markets is significant.
The report is available here: HPTG Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack's. The report will also be available on these platforms.
Please review important disclosures on our website at www.seethruequity.com.
About HydroPhi Technologies Group, Inc.
HydroPhi Technologies Group, Inc. ("HPTG") is a Georgia based company focused on the a development of water-based, clean energy technology that delivers improved fuel economy and reduced greenhouse gas emissions. The system utilizes distilled water for the production of hydrogen and oxygen, which is then injected into the air intake of an engine utilizing carbon-based fuels such as diesel, unleaded gasoline and natural gas to provide fuel savings and reduced greenhouse gases. HPTG's flagship technology, (HydroPlant(TM)) reduces vehicle operating costs by improved fuel efficiency up to 20%, while lowering greenhouse gas emissions up to 70%. The Company provides fuel efficiency to a potentially broad spectrum of users, including logistics, trucking, heavy equipment, marine and agriculture.
For more information, visit www.hydrophi.com.
About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit www.seethruequity.com.
Contact:
Ajay Tandon
SeeThruEquity
(646) 495-0939
SOURCE: SeeThruEquity