Wednesday, November 11, 2009 2:06:20 PM
PowerVerde Completes Successful Test of Revolutionary Renewable Electric Power System
PowerVerde, Inc. (OTCBB: PWVI), a leading manufacturer of high performance pressure and gas expansion products, today announced the successful test of its new Organic Rankine Cycle (“ORC”), the PowerVerde 25/50 KW electric power system. The new system, a next generation design, is capable of producing 25 kilowatts of electrical power on any low grade heat (180 degree F). This test was conducted at the company’s facility, Arizona Research and Development, last Wednesday. This renewable energy heat recovery power generation system will operate on any adequate heat source. The system was designed principally for solar, geothermal, biomass, or waste heat, the latter of which can be captured from manufacturing processes or fossil fuel driven motors.
George Konrad, founder and President, commented, “This test confirms our belief that this system, driven by our newest generation gas expansion motor, is the most efficient ORC ever created in the 100 KW or less space.” PowerVerde will be delivering this system to our previously announced thermal solar collaborator, a Hawaiian based leader in solar heat capture technology. Beyond solar, PowerVerde is positioning this system to capture waste heat from small diesel driven systems or manufacturing processes to create commercial grade electricity for use in factories, communities, and for resale back into the municipal electric grid.
The company believes this test is a breakthrough event from our previously tested 10 kilowatt system filmed last year by NBC Phoenix affiliate KPNX channel 12. Brian Gray, PowerVerde’s CTO, added, “When measuring how many BTU's of heat equal 1 kilowatt of electricity this ORC system is going to set a new standard or paradigm in ORC efficiency”.
About PowerVerde
PowerVerde, Inc. (OTCBB: PWVI) manufactures advanced renewable power generator systems comprised of gas pressure and gas expansion motors. These systems operate without combustion or fossil fuel creating electrical power from any low grade heat source or adequate pressure forum. PowerVerde is an environmentally friendly green company producing zero emissions or waste stream byproducts. For more information about PowerVerde, please visit our web-site www.PowerVerdeenergy.com
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.
Recent SCWO News
- Key Executive Appointment Sends Small Cap Higher • AllPennyStocks.com • 04/23/2024 09:10:00 PM
- Gabelli Funds to Host 10th Annual Waste & Environmental Services Symposium Thursday, April 4, 2024 • GlobeNewswire Inc. • 04/01/2024 07:16:36 PM
- UPDATE - Gabelli Funds to Host 10th Annual Waste & Sustainability Symposium Thursday, April 4, 2024 • GlobeNewswire Inc. • 03/18/2024 04:38:18 PM
- Gabelli Funds to Host 10th Annual Waste & Sustainability Symposium Thursday, April 4, 2024 • GlobeNewswire Inc. • 03/18/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 01:31:40 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/16/2024 09:30:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 10:16:10 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/13/2023 10:01:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 10:05:39 PM
- Gabelli Funds to Host PFAS Symposium at The Harvard Club, New York, NY • GlobeNewswire Inc. • 09/18/2023 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2023 10:11:19 AM
- Gabelli Funds to Host PFAS Symposium at the Harvard Club, New York City • GlobeNewswire Inc. • 08/16/2023 03:36:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2023 12:35:07 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2023 08:56:38 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 08/04/2023 09:00:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/05/2023 01:06:20 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM