Patriot Energy Begins Testing With Major Foreign Automaker Ahead of Schedule
Tuesday March 17, 2009, 9:01 am EDT
Buzz up! Print MONTREAL, QUEBEC--(MARKET WIRE)--Mar 17, 2009 -- Patriot Energy Corp. (Other OTC:PGYC.PK - News) announces today that it has begun the testing and retrofit of the H2O Oxygenator with a foreign automaker a month ahead of schedule.
According to the company, Patriot Energy Corp. recently began talks with a major foreign automaker to make its H2O Oxygenator System a standard feature on all their vehicles and have now completed the retrofit to begin testing the unit. The company believes the test results will not vary much from the results already obtained by the third party laboratories that have evaluated the technology thus far. Once the beta period over, the units could be installed on as many as 1 million vehicles per year for the next 5 years, which is expected to yield over $500 million a year in unit sales and $90 million in Carbon Credit trading. In addition to the testing, the automaker has shown an interest in participating in the ownership of the company.
TelTeck Solutions' (TTS) product offering is varied and has applications in many spaces of the telematics industry. The telematics market represents a five billion dollar market annually. According to the world renowned research firm Frost & Sullivan(1), the telematics market trends demonstrate tremendous growth over the next five years. Frost & Sullivan's report outlines the growth in sectors such as fleet management which already is worth billions of dollars on an annual scale. Other sectors such as vehicle tracking and personal tracking devices are expected to move to the forefront of the telematics industry with global growth being driven by hot economies in Asia where adoption of technologies is much quicker than North America.
TelTeck Solutions is confident that the uniqueness of our solutions will attract industry attention. We look forward to becoming the standard as a front runner in our chosen fields and working with top industry leaders such as AT&T and Toshiba.
The Water Alarm Monitoring System will make TelTeck Solutions the preferred provider of the Telematics solution for water damage prevention. Insurance companies will quickly realize that it is much cheaper to monitor and prevent water damage than pay out on water damage claims to businesses and residential customers. The insurance industry pays out billions of dollars annually in claims for accidental water damage which could have been prevented if clients would have been using the WAMS(TM) product.
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