Wanderport Mandates Design 1st Inc. to Complete the Pre-Production Microwave Energy Tank-Less Water Heater
Date : 10/28/2010 @ 8:00AM
Source : MarketWire
Stock : Wanderport Corporation (WDRP)
Quote : 0.029 -0.001 (-3.33%) @ 11:45AM
Wanderport Mandates Design 1st Inc. to Complete the Pre-Production Microwave Energy Tank-Less Water Heater
WANDERPORT CORP (OTC) (USOTC:WDRP)
Historical Stock Chart
1 Month : October 2010 to November 2010
Wanderport Corp. (PINKSHEETS: WDRP) today confirmed the signing of a definitive agreement with Design 1st Inc. two weeks ahead of the scheduled November 10th, 2010 deadline, to produce and obtain optimum results from the heat exchanger configuration within a characterization of a single cavity microwave energy tank-less water heater.
According to the agreement, the defined timeline allotment and budget cost fall well within Wanderport's objectives and therefore, improve the likelihood of completing the product within the estimated timeframe of fourth quarter 2010. Wanderport's regular communication with Design 1st Inc. will hasten timeline updates and facilitate a more precise timetable schedule, which will be amended and reported accordingly. Wanderport Corporation anticipates no increase in total shares outstanding to finance the cost this contractual burden, as funds have been set aside privately and a percentage should be recovered through a Canadian government research and development subsidy program.
Design 1st Inc. has appointed Mr. Ian D. Kayser as Project Manager to oversee the successful completion of the pre-production unit. Spearheading the assignment is Mr. Bruno Zoccali, an expert in thermal dynamics and custom cooling/ventilation products. A partial list of Mr. Zoccali's previous clients includes Hydro-Quebec, IBM Canada, Scientific Atlanta (Cisco), Positron, Rolls Royce GTE, Dectron, Flomerics, CAE, and Elcan (Raytheon) to name a few.
"Working with Design 1st Inc. is certainly accelerating the process leading to our end product and provides a premise for converging opinions, that I felt was needed to corroborate my results," stated Mr. Robert Simoneau, Wanderport Corporation's Technical Advisor and product Licensor. "Our USA distributor, Mr. Dave Myers, President of Utility Marketing Concepts Inc., has also expressed his delight in the opportunity to communicate product efficiency requirements for his market to Design 1st Inc.," added Mr. Simoneau.
"We now have an entourage of engineering and industry professionals working together to complete our product," said Richard Martel, CEO of Wanderport Corporation. I just can't help being excited for the future of the company and its valued investors because the final production phase is in view and the corporation's enormous growth potential is already locked up globally through its distributors," concluded Mr. Martel.
