Hello Pat. I would appreciate your recommendation on Hitor, which is currently testing its Nano-Jet fuel performance enhancing technology. Do you know anything about this company? Many thanks.
Hitor Group Inc., $0.15, symbol HITR on the U.S. over-the-counter “pink sheets” market (Shares outstanding: 42.0 million; Market cap: $6.3 million; www.hitorgroup.com), aims to develop technology that cuts global reliance on fossil fuels and eliminates harmful emissions.
The company believes that its Nano-Jet fuel-saving device will let gasoline and diesel engines produce more power while cutting fuel consumption by 5% or more. Hitor also believes Nano-Jet will cut a vehicle’s toxic exhaust emissions by 30% or more.
The device, which fits onto a vehicle’s fuel line, uses a series of rare earth neodymium magnets to excite the atoms in the fuel. That makes the fuel molecules smaller, reducing them from 300 nanometres to as little as one to three nanometres (a nanometre is equal to one billionth of a metre).
Hitor has not yet reported any revenue. It held cash of $6,509 on June 30, 2011, and its debt was $512,442. In contrast, it has a market cap (value of…
Privacy Policy and Terms of Use
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Changes to this Policy
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