LAS VEGAS, NEVADA,, Oct. 4, 2012 (GLOBE NEWSWIRE) -- Niyato Industries, Inc. announces that it has hired Alan Himelfarb as of 10/4/12 as its Chief Operating Officer to manage the company's North American operations. "We are extremely pleased to have Alan join our team," said Leslie Stencil, Niyato's Chief Executive. "Himelfarb will start immediately and assist with the investor relations, infrastructure development, and operations," added Stencil. Himelfarb was most recently Executive Vice President for GreenTech Automotive where he was responsible for strategic planning and implementation. Himelfarb's career spans more than 20 years in the alternative fuel automotive industry, including the founding of EV Global Motors with former Chrysler Chairman, Lee Iacocca; and cooperation on advanced battery technologies with the former Chairman of GM, Bob Stempel. "Alan's deep knowledge of the industry and network of professionals will bring valuable expertise to advance our efforts to bring green, sustainable transportation to the people," said Stencil.
Niyato's CNG N150 show truck has returned from a whirlwind 6,437 mile trip. The journey started in Austin, Texas, at the company's interim CNG re-powering facility, where the company will produce the initial orders of its CNG N150, while the company is reviewing incentive offers from several states for the company's first factory. Mr. Stencil then drove the CNG N150 to the Las Vegas Clean Energy Summit. Leslie met with such notable leaders as Secretary of the Interior for the United States, Ken Salazar, who said, "We need your vehicle." From there, Mr. Stencil continued to California and met with several congressional and civic leaders to create an alliance and bring attention to CARB issues for bi-fuel vehicles to Governor Brown. With current CARB regulations, it's almost impossible to get a Bi-Fuel vehicle into CARB-regulated states; they have made too many hurdles to jump through for bi-fuel vehicles even though the vehicle has a 27% reduction in emissions when running on compressed natural gas. Niyato Industries believes that if there is that much of a reduction in emissions, there should be no "SPECIAL" rules, special in the way of making it very difficult for CNG entry into that market; it is counter-productive, especially when states like California need reductions in emissions and lower fuel prices, "stated Leslie Stencil.
The Niyato CNG N150 performed flawlessly during the trip, delivering over 600 miles (small 13 gallon CNG tank) between fill-ups with its dual gasoline and compressed natural gas tanks. The truck features an EPA certified CNG system and comes with a 3 year/36,000 mile warranty, and the 5.0 liter power plant comes with an additional warranty of 5 years/50,000 miles.
About Niyato Industries Inc. Niyato is an American company that is in the business of re-powering gasoline vehicles to either CNG dedicated or bi-fuel, while reducing emissions. Niyato Industries Inc. (NII) was founded in 2010 with the mission of providing municipal, state, federal and private fleets with straightforward, ethical information and objective, useful guidance in planning and implementing alternative fuels programs. Since its creation, NII has become an acknowledged expert in alternative fuels and technologies, and a trusted Vehicle source and advisor to government and private entities across the nation. Visit our website at www.niyato.com to learn more.
For more information please visit Niyato Industries at www.niyato.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
In accordance with the safe harbor provisions of the Private Securities Litigation reform Act of 1995, the Company notes that statements in this document, and elsewhere, that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company's actual results of operations. The following important factors, among others that are discussed in company filings and business plans could cause actual results to differ materially from those set forth in the forward-looking statements: certain space-based projects may never receive project financing; our products may not be accepted by the market; and we may have difficulty in hiring and retaining key personnel.
SOURCE: Niyato Industries
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