Great Wall Builders Ltd. (PN) (USOTC:GWBU)
Historical Stock Chart
5 Years : From Jul 2011 to Jul 2016
Great Wall Builders Ltd. (OTCBB:GWBU) (or "the Company"), operating as "Start Technologies Europe s.r.o.", is pleased to report the successful completion of field testing by Cuticonsai Group of Italy.
Cuticonsai conducted field tests on the Start Fuel Efficiency and Efficiency Device (FEED) technology which resulted in increased operating profits by achieving an average 8% fuel savings and meets strict European Low Emission Zone (LEZ) requirements.
Cuticonsai provides transportation services for commercial goods, construction material and waste management services with a fleet of over 600 trucks in Italy. Cuticonsai has ordered an additional 100 Start FEED units at a cost of 1,125 Euro per unit, for its fleet roll-out to be delivered in the next 4 weeks.
Cuticonsai is a member of the "National League of Cooperatives and Mutual" (or "Legacoop") the oldest Italian cooperative organization. Since 1886, Legacoop has worked to promote the development, cooperation, solidarity and economic relations of its members. Legacoop is active in industry sectors including distribution, construction, agro-food, services, manufacturing, and the association has given rise to major companies operating in insurance, finance and credit. Legacoop assists and protects the cooperative with developing economic strategies and policies and adheres to the ACI, International Cooperative Alliance. The Company agreement is with Cuticonsai, not Legacoop and any future agreements, if any, will be negotiated with members of Legacoop individually.
The association is 1,500 members strong, representing 144,880 employees and over 2,900,000 companies, who generate a total yearly turnover of 28.75 billion Euro. There are over 1,500,000 transportation trucks in the associations representing almost one third of a total of 3.9 million trucks circulating in Italy.
"Working with Cuticonsai and the national Legacoop group is an important first-step entering the Italian trucking industry and proving our technology to the global market." States Mr. Daniele Brazzi, CEO and President of GWBU. "We look forward to reporting on our strong and continued business development activities over the coming days and weeks."
About The Start Fuel Efficiency and Emissions Device (FEED)
The Start Fuel Efficiency and Emissions Device (FEED) is a patent-pending, fuel-conditioning technology that reduces fuel consumption and polluting emissions, while increasing engine horsepower. The Start FEED technology discharges a high-voltage electric current at a specified frequency and wavelength into fuel at ambient temperatures prior to its entry into the engine. Using a patent-pending technology, this high-voltage electric current breaks long-chain hydrocarbon molecules into shorter, lighter more volatile molecules.
This process is known as "cracking" in the petroleum refinery industry, where it is used to convert feedstock oil into gasoline, diesel and other products, including butanes, propane, propylene, ethane and methane. When conventional gas and diesel fuels are reconditioned by the Start FEED unit, they become more flammable and burn more completely in the combustion chamber. The technology can be applied to a variety of different types of engines, both diesel and gasoline powered, heavy equipment as well as consumer vehicles.
About Cuticonsai Group
For more information on Cuticonsai please visit, http://cuticonsai.it/.
About National League of Cooperatives and Mutual ("Legacoop")
For more information on National League of Cooperatives and Mutual ("Legacoop") please visit, http://www.legacoop.it/.
About Great Wall Builders
Great Wall Builders (OTCBB:GWBU), operating as "Start Technologies Europe s.r.o." ("Start Technologies"), owns the exclusive manufacturing and distribution rights to the patent-pending Start Fuel Efficiency and Emission Device (FEED), an aftermarket device for internal combustion engines that enhances performance by causing fuel to combust more efficiently and completely. For more information, please visit www.StartTechnologiesCorp.com.
This press release may contain forward-looking statements with respect to business conducted by Start Technologies Europe s.r.o. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
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