IESV), Intrepid Technology and Resources, Inc. a renewable energy
company, announces that it has ordered the additional eight digester tanks and
has begun the excavation work to accommodate the five-fold expansion of their
operating Whitesides Biogas Production Plant near Rupert, Idaho. This
expansion will take Intrepid's annualized gas production to as high as
95,000 mcf annually, a quantity sufficient to heat 1,000 homes in the Boise,
Idaho area.
The first phase of the expanded construction activity includes the
preparation of the pad that will support the gas conditioning equipment,
ordered earlier this month, that will transform the existing biogas being
produced by the facility to saleable "pipeline quality" natural gas. This
production will make Intrepid the nation's first alternative fuels company to
produce renewable green gas available to commercial and residential users and
will pave the way for Intrepid to begin installing biogas fields around the
country.
As previously announced, this gas conditioning equipment is scheduled for
delivery in the latter half of May. Intrepid expects to deliver their first
commercial shipment of gas for direct injection into the local gas utility
pipeline distribution system the first week of July. Revenues will
immediately be recognized from these ongoing sales.
About Intrepid Technology and Resources, Inc.: We are a national leader in
Alternative Energy technology and production and an application innovator of
biogas products and services designed to assist in worldwide energy
independence and reduce pollution from renewable agriculture feedstock and
industrial and agriculture waste materials.
Statements released by Intrepid Technology and Resources, Inc. that are
not purely historical are forward looking within the meaning of the "Safe
Harbor" provisions of the Private Securities Litigation Reform Act of 1995,
including statements regarding the company's expectations, hopes, intentions,
and strategies for the future. Investors are cautioned that forward-looking
statements involve risk and uncertainties that may affect the company's
business prospects and performance. The company's actual results could differ
materially from those in such forward-looking statements. Risk factors
include but are not limited to general economic, competitive, governmental,
and technological factors as discussed in the company's filings with the SEC
on Forms 10-K, 10-Q, and 8-K. The company does not undertake any
responsibility to update the forward-looking statements contained in this
release.
For additional information contact,
Steve Ellis (208-529-5337)
sellis@intrepid21.com
SOURCE Intrepid Technology and Resources, Inc.
Contact Information:
Steve Ellis of Intrepid Technology and Resources, Inc., +1-208-529-
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