NEW YORK, Jan. 11, 2012 /PRNewswire/ -- Wanderport
Corp. (OTC Markets-PINKSHEETS: WDRP) announced today that technical
fine-tuning is underway following hydraulic pressure analysis on
the multi-cavity microwave heating unit (MCMHU).
Wanderport's Technical Advisor and Product Licensor, Mr.
Robert Simoneau, had this to say
concerning the completion of the multi-cavity microwave heating
unit (MCMHU):
"Although unexpected, the reality is most developmental projects
run into some fine-tuning just prior to their completion. During
integrity analysis conducted by engineers at Design 1st Inc.
(retained by Wanderport for their engineering and design
expertise), the unit's heat engine underwent specific hydraulic
pressure tests in order to assure that it could withstand municipal
water pressure during anticipated functional beta-testing and
multiple demonstrations to manufacturers. Under high pressure
however, one of the four newly designed heat exchangers failed. We
are performing a physical analysis of the remaining heat exchangers
and a forensic analysis of the failed one. The MCMHU will be
reassembled by Design 1st Inc. while they reach out to the heat
exchanger manufacturer to confirm precise characteristics of the
ceramics used in order to rule out the possibility of a material
failure. To avoid any further delay however, I expect to complete
the electrical hook-up and commence powered beta-testing on the
MCMHU while the aforementioned takes place. For this exercise, I
anticipate connecting the MCMHU to a flowing municipal water source
while eliminating pressure on the heat engine. This process should
allow us to determine preliminary efficiency results, which the
company fully intends to announce in the short term as previously
promised."
"As a result of hydraulic pressure testing and recent Finite
Element Analysis (FEA), we have learned some valuable lessons,
which will be incorporated into production of heat exchangers, as
well as mechanical considerations, such as more robust fittings,
which will be integrated into the MCMHU's final design. I am truly
delighted that the nature of these modifications is quite
manageable and not related to any fundamental flaw that could have
been identified. Pending any other anomalies, I look forward to
providing the MCMHU's efficiency results in the shortest possible
timeframe and a superior and dependable MCMHU to Wanderport, its
valuable shareholders and other interested parties with the
intention that together, we may reap the benefits of a continued
long term business relationship and a successful, lucrative
business in the most immediate future."
About Design 1st Inc.:
Design 1st Inc., based in Ottawa,
Canada is a product development and design firm with some of
Canada's most accomplished,
creative and innovative mechanical engineering and industrial
design experts. With 25 years of experience the firm provides cost
effective solutions from napkin sketch to production line. For more
information, please visit at: www.Design1st.com.
About Wanderport Corporation:
Wanderport Corporation is a publicly traded company which
acquired the global exclusive licensing, distribution and
proprietary rights to a unique microwave energy tank-less water
heater solution. The company has been dedicated to converting the
technology into a marketable eco-friendly, efficient product.
Wanderport's objective is to build a sound and profitable company
by marketing and distributing the world's first revolutionary
alternative to existing less-efficient water heating systems. The
technology was the proud recipient of the 2005 TIPTA award (TCA;
Toronto Construction Association, Innovative Product and Technology
Award), awarded by the National Research
Council of Canada
recognizing excellence in product innovation and technology
development for the microwave energy tank-less water heater.
Important Information About Forward-Looking
Statements:
Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price,
increased competition, customer acceptance of new products and
services to be offered by the company, and uncertainty of future
revenue and profitability and fluctuations in its quarterly
operating efforts. Forward-looking statements are projections
of events, revenues, income, future economics, research,
development, reformulation, product performance or management's
plans and objectives for future operations. In some cases you
can identify forward-looking statements by the use of terminology
such as "may", "should", "anticipates", "believes", "expects",
"intends", "forecasts", "plans", "future", "strategy", or words of
similar meaning. While these forward-looking statements and
any assumptions upon which they are based are made in good faith
and reflect current judgment regarding the direction of the
business operations of Wanderport Corporation, actual results will
almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested in this press release. These statements are
predictions and involve known and unknown risks, uncertainties and
other factors, including the risk that Wanderport Corporation
cannot execute its business plan for lack of capital or other
resources, distribution, licensing/acquisition opportunities or
internal partnering issues or restructuring which may modify
existing licensing agreement and/or contractual obligations, as
well as the risks described in the periodic disclosure documents
filed on OTCMarkets.com by Wanderport Corporation, copies of which
are also available on the company's website. Any of these
risks could cause Wanderport Corporation or its industry's actual
results, levels of activity, performance or achievements to be
materially different from those expressed or implied by the
forward-looking statements in this press release. Except as
required by applicable law, including the securities laws of
the United States, Wanderport
Corporation does not intend to update any of the forward-looking
statements to conform these statements to actual results.
CONTACT:
For further information, please contact Investor Relations:
andrew@wanderportcorporation.net
Wanderport Corporation website at:
www.wanderportcorporation.net
Telephone: +1 (352) 533-4801
SOURCE Wanderport Corporation