Powerdyne International, Inc. Announces Memorandum of Understanding With Silver City Aluminum Company
16 Abril 2014 - 8:31AM
Marketwired
Powerdyne International, Inc. Announces Memorandum of Understanding
With Silver City Aluminum Company
WARWICK, RI--(Marketwired -
April 16, 2014) - Powerdyne International, Inc. (OTCQB: PWDY), a manufacturing company that
builds and leases electrical generation equipment, today announced
it has finalized a Memorandum of Understanding (MOU) with Silver
City Aluminum Company in Taunton, MA. The MOU calls for
Powerdyne International to manufacture two 500 kw PDIGensets for
Silver City Aluminum. The agreement is based on months of
planning and development along with the recently completed
engineering study according to Dale Euga, President and CEO of
Powerdyne International, Inc.
"The MOU is a great step forward in continuing our ongoing
relationship with Silver City Aluminum Company," said
Euga. "We believe this initial order for two of our PDIGensets
is an ideal way to demonstrate to Silver City Aluminum, as well as
other potential clients, the substantial amount of money we can
save them on existing power bills by utilizing our patent-pending
PDIGenset equipment. Working with President Ron Xavier at
Silver City Aluminum and his team has been a great experience as we
look to build a long term business relationship -- manufacturing
these first two 500 kw PDIGensets is a great start."
Recently, the company completed its engineering study for Silver
City Aluminum Company which provided the basis for the MOU and gave
the company the necessary information that will be needed in order
to manufacture both units and install the equipment. In
addition, Euga said the location of both PDIGenset units will also
provide a more accessible space for the equipment maintenance and
equipment maneuvering reducing the cost of installation.
About Powerdyne International, Inc.: Powerdyne International,
Inc. (www.PowerdyneInternational.com) is a manufacturing company
that builds and leases electrical generation equipment including
its own portable electrical power generation equipment called
PDIGenset (which is patent and trademark pending).
The PDIGenset is a self-contained generator using a modified
radial air cooled aircraft engine to drive a 1-megawatt (MW)
generator. The PDIGenset runs on natural gas, propane or almost any
gaseous fuel. It is compact, lightweight, clean burning, produces
low emissions and is extremely energy-efficient.
PDIGensets are designed to be installed at virtually any
location. The genset is leased and maintained by PDI. Although the
company's target customer will typically use its PDIGenset to
produce its own primary electrical power, it can be used for
emergency back-up power generation and is useful in any situation
where reliable power is needed.
PDI is founded on the ability to produce primary electrical
power using proprietary technology to power electrical generation
equipment which makes electricity cheaper than existing means of
producing primary electric power. PDI expects that the difference
between its cost of generating electricity over its customer's
current cost will result in substantial savings to the
customer.
For more information on Powerdyne International go
to: www.PowerdyneInternational.com
This release may contain "forward-looking statements" that are
within the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
reflect the Company's current expectations about its future plans
and performance, including statements concerning the impact of
marketing strategies, new product introductions and innovation,
deliveries of product, sales, earnings and margins. These
forward-looking statements rely on a number of assumptions and
estimates which could be inaccurate and which are subject to risks
and uncertainties. Actual results could vary materially from those
anticipated or expressed in any forward-looking statement made by
the Company. Please refer to the Company's most recent Form 10-K
and subsequent filings with the Securities and Exchange Commission
for a further discussion of these risks and uncertainties. The
Company disclaims any obligation or intent to update the
forward-looking statements in order to reflect events or
circumstances after the date of this release.
Contact: Powerdyne International, Inc. contact@powerdyne.org
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