Powerdyne International, Inc. Announces Memorandum of Understanding With Silver City Aluminum Company
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
