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Monday, November 07, 2011 8:46:43 AM
Thursday 23 June 2011 JUNE?????????
Wanderport Corp. (PINKSHEETS: WDRP) today released its corporate strategy and update to shareholders as it moves through its third and final Phase in the production of the innovative microwave energy tank-less water heater.
Wanderport is delighted to report the following
RECENT ACHIEVEMENTS:
The company now updates, maintains and discloses current financial information and material exhibits sustaining "OTC Current Information" status on www.OTCmarkets.com.
Increased trading volumes, awareness and exposure resulting from the company's recent announcements.
The company has not increased the number of outstanding shares since August 2009 and Wanderport does not foresee any short term changes to share structure including reverse or forward split unless under the review and advice of legal council or transfer agent.
A third heat exchanger patent application has been filed.
Successfully completed and provided proof of a working prototype which demonstrated a definitive capacity to increase water temperature substantially.
Entered into a new and expanded commitment with a third party engineering firm towards an anticipated commercial product.
Entered into an agreement with Underwriter's Laboratories UL® providing a relationship through which safety and efficiency recommendations and/or approvals can be applied to the anticipated "level one" commercial product.
Wanderport Corporation has completed Phases I and II (prototype) and is now entrenched into its third and final Phase.
VARIOUS INITIATIVES AND DEVELOPMENTS FOR PHASE III INCLUDE:
Continued work with design and engineering partners on the mechanical considerations of the unique multi-cavity microwave energy tank-less water heater's (MCMHU) production.
Update the heat exchanger design and produce it in sufficient quantities to allow for the MCMHU's production.
Apply any Underwriter's Laboratories UL® safety or efficiency recommendation and/or approval to the MCMHU.
Build and Beta test the MCMHU using new and existing driver circuitry in a residential environment moving away from the Lab.
Make use of the completed "level one" MCMHU to secure a manufacturing and financing agreement.
Develop additional global distribution channels and re-affirm devoted, existing distribution agreements.
Re-visit and maintain relationships with Asian suppliers during the upcoming month of July, 2011.
Robert Simoneau, Wanderport's Technical Advisor and Product Licensor will be travelling to Asia.
MR. SIMONEAU'S TRIP WILL INVOLVE:
Meetings with Midea Electromechanical Equipment Group and other prospective Asian suppliers in order to facilitate replacing existing driver circuitry with a more compact, efficient and cost effective driver circuitry, as well as arranging for other components required by eventual production.
Meeting with Mr. Gavin Ovens, of Gavin Ovens Holdings PTY LTD. presently Wanderport's Australian distributor, to re-affirm commercial agreements and to attend the "Sustainable Water Solutions Conference" in Singapore. The following is a link to the conference: http://www.siww.com.sg/conferences-workshops-symposiums.
Mr. Simoneau is quoted by saying, "Attending this conference with Mr. Ovens, who is a water expert, demonstrates Wanderport's desire to not only be a technological leader but also to become a legitimate and influential member of the 'water treatment community.'" "This conference illustrates the challenges we all face with regards to maintaining water quality and its conservation on a worldwide basis. Our microwave energy tank-less water heater will help mitigate some of these challenges by providing a means for this scarce resource to be properly utilized," continued Mr. Simoneau.
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