Digital Gas, Inc.(fka DIGGQ)

[Buckey]

2006-04-17 14:12 ET - News Release



NEW YORK -- (Business Wire) -- April 17, 2006

Digital Gas, Inc. (OTC Pink Sheets:DIGG) announced that
its Digital Electric subsidiary has signed an agreement with
International Trade and Technology Centre Ltd. of Dublin, Ireland. The
agreement gives Digital Electric the exclusive right to manufacture
and market a breakthrough wind energy technology that is anticipated
to deliver a return on investment that is significantly greater than
conventional wind power generation systems.
¶ Digital Electric also has the right to purchase all collateral
patents and rights to the new wind energy system on a worldwide basis.
The company points out that the new wind energy systems will have
several features that differentiate them from conventional wind
generator technology, resulting in approximately 35% greater power
output at 10% less cost per unit.
¶ Significant efficiencies in capturing wind energy over the widest
range of wind profiles are created by using a series of self-adjusting
multiple hydraulic pumps and multiple variable speed generators. By
transmitting power from the wind blades hydraulically to turbine
generators located at ground level, the cost of maintenance is
dramatically reduced.
¶ With ground-based generators, less sensitive equipment and low
maintenance components, this new wind generator technology will have
significantly lower operating costs and can be readily serviced
without the need for highly trained technicians. The modular design of
the system allows for the installation of additional generators as
required.
¶ The new wind energy systems technology will materially decrease
the capital and maintenance costs of wind power systems, while
substantially increasing their energy output. This combination of
benefits results in a reduction in the cost per kilowatt hour to below
two cents compared to the best performance of conventional wind
turbines using the best available equipment that produce electricity
at approximately four cents per kilowatt hour. Dollar for dollar, the
return on investment of the new system will be at least 25-30 percent
better on an annual basis. In addition, the new system will have a
life span of approximately thirty years, compared to twenty years for
conventional systems, substantially contributing to the overall
superior profitability of Digital Gas' new system.
¶ Digital Gas intended to enter the wind energy market via its
breakthrough ultracapacitor technology that allows wind energy systems
to store electricity cheaply until it is needed. This new
ultracapacitor technology has performance numbers that sets it several
years ahead of the current market leader in ultracapacitor products.
With the synergy of its new wind energy technology combined with its
ultracapacitor, Digital Gas offers wind energy investors, including
major utilities and private investor groups, an exceptionally short
amortization on their renewable energy investments.
¶ Digital Gas has already commenced sales and marketing activities
in Australia, India, China, Canada and the United States and
anticipates significant initial orders within the next several months.
¶ To further its position in the wind turbine market Digital Gas
will also aggressively enter into the wind energy conversion market.
Digital Gas intends to demonstrate to current wind generator system
owners and developers the benefits of upgrading their systems with its
advanced synergistic upgrade. This will result in dynamic growth
opportunities for Digital Gas and Digital Electric on a worldwide
basis.
Contacts:

Digital Gas, Inc.
Brian Smith, 732-927-4073
[e-mail]
Source: Digital Gas, Inc.