TODAY'S THE DAY!!!!
Press Release Source: Intrepid Technology and Resources, Inc.
Intrepid Completes Formal Gas Quality Testing Program
Thursday January 24, 1:00 pm ET
IDAHO FALLS, Idaho, Jan. 24 /PRNewswire-FirstCall/ -- Intrepid Technology and Resources, Inc. (ITR) (OTC Bulletin Board: IESV - News), a renewable alternate energy company, announces that it has completed an extended formal gas quality testing program performed by the Gas Technology Institute (GTI), headquartered in Des Plaines, Illinois.
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This rigorous testing program began in July 2007 and continued through December 2007. During that period real time in-line gas quality was remotely monitored at the GTI laboratories and physical confirmation samples were drawn weekly and overnighted to the GTI labs where they were analyzed for gas purity, heating value and the presence of microbes that could cause internal corrosion of commercial gas distribution lines and valves.
Jake Dustin, President of ITR said, "This is a highly significant and important accomplishment. By electing to subject our gas to such scrutiny in advance of placing it into existing pipelines we can provide independently verified assurance to pipeline owners and operators that our gas can be safely injected, transported and consumed in any commercial system in the nation. No one else in our line of business can provide such assurance at this point in time. This was the most comprehensive testing ever performed on a new gas source and ITR met or exceeded the Federal Energy Regulatory Commission (FERC) standards for pipeline quality gas in every category. ITR is the only biogas producer in the nation to have achieved this critical milestone and in so doing has set the benchmark for the rest of the industry".
While awaiting completion of the testing, ITR has been trucking its gas from its Whitesides Facility for use as start up fuel for its new WestPoint Facility at a cost savings of nearly 80% over propane. That startup process is nearly complete and, once finished, the way will be clear for ITR to begin delivering commercial gas to either a commercial customer or the local gas utility. The extensive testing makes it more likely that Intrepid can sell directly to commercial customers at much more adventitious prices and terms than to the gas utility.
About GTI: GTI is the leading research, development and training organization serving the natural gas industry and energy markets. GTI is dedicated to meeting the nation's energy and environmental challenges and for more than 65 years, has been meeting the nation's energy and environmental challenges by developing technology-based solutions for consumers, industry, and government.
About Intrepid Technology and Resources, Inc.: We are an application innovator in Alternative Energy technology and production and of biogas products and services designed to assist in worldwide energy independence, reduce pollution and carbon emissions 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
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Source: Intrepid Technology and Resources, Inc.
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