![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, June 25, 2015 10:09:40 AM
WARWICK, RI--(Marketwired - April 16, 2014) - Powerdyne International, Inc. (OTCQB: PWDY), a manufacturing company that builds and leases electrical generation equipment, today announced it has finalized a Memorandum of Understanding (MOU) with Silver City Aluminum Company in Taunton, MA. The MOU calls for Powerdyne International to manufacture two 500 kw PDIGensets for Silver City Aluminum. The agreement is based on months of planning and development along with the recently completed engineering study according to Dale Euga, President and CEO of Powerdyne International, Inc.
"The MOU is a great step forward in continuing our ongoing relationship with Silver City Aluminum Company," said Euga. "We believe this initial order for two of our PDIGensets is an ideal way to demonstrate to Silver City Aluminum, as well as other potential clients, the substantial amount of money we can save them on existing power bills by utilizing our patent-pending PDIGenset equipment. Working with President Ron Xavier at Silver City Aluminum and his team has been a great experience as we look to build a long term business relationship -- manufacturing these first two 500 kw PDIGensets is a great start."
Recently, the company completed its engineering study for Silver City Aluminum Company which provided the basis for the MOU and gave the company the necessary information that will be needed in order to manufacture both units and install the equipment. In addition, Euga said the location of both PDIGenset units will also provide a more accessible space for the equipment maintenance and equipment maneuvering reducing the cost of installation.
About Powerdyne International, Inc.:
Powerdyne International, Inc. (www.PowerdyneInternational.com) is a manufacturing company that builds and leases electrical generation equipment including its own portable electrical power generation equipment called PDIGenset (which is patent and trademark pending).
The PDIGenset is a self-contained generator using a modified radial air cooled aircraft engine to drive a 1-megawatt (MW) generator. The PDIGenset runs on natural gas, propane or almost any gaseous fuel. It is compact, lightweight, clean burning, produces low emissions and is extremely energy-efficient.
PDIGensets are designed to be installed at virtually any location. The genset is leased and maintained by PDI. Although the company's target customer will typically use its PDIGenset to produce its own primary electrical power, it can be used for emergency back-up power generation and is useful in any situation where reliable power is needed.
PDI is founded on the ability to produce primary electrical power using proprietary technology to power electrical generation equipment which makes electricity cheaper than existing means of producing primary electric power. PDI expects that the difference between its cost of generating electricity over its customer's current cost will result in substantial savings to the customer.
For more information on Powerdyne International go to: www.PowerdyneInternational.com
Recent PWDY News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/21/2024 01:20:25 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 02:11:02 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 05/08/2024 08:44:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 07:28:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 05:39:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/10/2023 06:27:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/03/2023 08:52:51 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM