News Nov 11 2009
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.
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