PHOENIX -- PowerVerde Inc. enters into a letter of intent with Endless Energy Inc. to supply a PowerVerde 25/50 kw Radial Piston Turbine Motor for a joint venture project between the two Companies.
Under the terms of this venture, PowerVerde will deliver this motor to Endless Energy within 45 days for implementation into a ThermalGen鈩? integrated system. This system is a complete energy module replacing traditional water heating, home heating and home cooling infrastructure. As a byproduct, this technology also produces electricity. Endless Energy believes that, without compromising heating, cooling or hot water, a typical home or business using its system can save at least 70% of their Cheap GUCCI energy costs. Keith Johnson, founder and President of Endless Energy, stated, 鈥淭he PowerVerde Gas Expansion Motor鈩?is unquestionably the most efficient pressure driven motor we have seen. By teaming with PowerVerde we believe we can demonstrate a potentially disruptive energy technology, designed to heat, cool as well as reduce the amount of electric power consumed by homes and businesses worldwide.鈥?George Konrad, President of PowerVerde, commented, 鈥淚t鈥檚 an honor to have our Replica Replica Jimmy Choo technology validated by yet another visionary collaborator. Endless Energy is servicing an exciting space, and their technology and applications are state of the art. While PowerVerde is focused on delivering commercial quantities of renewable electricity to our clients, Endless Energy has a broader approach and we look forward to working with Keith and his company to provide solutions to our customers鈥?energy needs.鈥?
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 website .
About Endless Energy
Endless Energy Inc. has developed the ThermalGen鈩?that can be described as a complete utility system, replacing traditional and separate heating, cooling and water heating technology. The ThermalGen鈩?utilizes the constant temperature of the earth, to provide heating and cooling, hot water and even electricity----all from one unit. This quiet and clean energy system has been described as disruptive technology and joins the renewable green revolution, allowing more energy independence to homes and businesses everywhere. For more information, please visit our website .
Forward-Looking Statements
This news release contains forward-looking statements within the ghd flat iron 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 re
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