PALM BEACH GARDENS, Fla.,
May 14, 2015 /PRNewswire/
-- GOLDEN AGE RESOURCES, INC., (OTC PINK: GDAR) an energy
provider for large-scale "Green" power plants in Latin America and the Caribbean, today placed a signed purchase
order for a complete 5KW bio-fuel demonstration fuel cell system
with our Strategic Alliance Partner, GEI Global Energy Corp.
The placement for a complete operating demonstration unit will be
an integral part of the 100KW Cogeneration Pilot Project in
Mexico that is planned for
construction. The GEI X5 fuel cell will be able to produce
5kW/hour or 43,000kw/hr./year.
Mr. Thomas Wolff, Vice President
of Golden Age Resources Mexico S de R.L. stated: "The purchase of
this unit allows for us to demonstrate the efficiencies of this new
fuel cell technology in Mexico." Mr. Wolff further stated, "This
unit allows us to produce and store electricity from produced
methane biogas as biofuel and to show its effectiveness to both
private, and public entities."
This unit will also demonstrate the capabilities of larger units
that will be able to increase capacity and output till the full
capacity of the Cogeneration Pilot Project of 2MW/hr. has been
attained. The 5KW unit with energy storage can be
interfaced with solar panels and also will also include a CHP heat
exchanger for the heating of water and also includes 120/220vSP AC
out and 48VDC out.
Mr. Terence Byrne, CEO of The
Company commented, "With the purchase of this initial GEI X5 unit,
we are now capable of demonstrating a fully functioning unit not
only just in Mexico, but also the
Caribbean and Brazil. We are
very excited to bring this exciting new wave of fuel cell
technology to market."
The 100KW Cogeneration Pilot Project is planned as an Energy
facility is being built as part of a 2MW/hr output scalable WTE
(Waste to Energy) plant by using organic municipal and/or sisal
waste. Construction is set to begin in Q4 of 2015, with an
estimated build time and installation of 6 months. The plant
is scheduled for operation by Q2 of 2016.
The Company continues to develop both commercial and residential
"Green" energy power production from both WTE and solar powered
systems to increase operational cash flow for the Company during
this demonstration period.
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, has re-directed its core
business to technology and Latin American and International solar
energy markets providing project development, medium and long-term
finance solutions and investments into solar energy related
projects. This re-direction promises enhanced corporate and
shareholder values.
Forward Looking Statements: This press release contains
"forward looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward
looking statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such
statements are subject to risks and uncertainties that could cause
future results to differ materially from the forward looking
statements. You should consider these factors in evaluating the
statements herein and not rely on such statements. The forward
looking statements in this release are made as of the date hereof
and Golden Age Resources, Inc. undertakes no obligation to update
such statements.
Contact: Investor
Relations
Mr.
Joseph
Sirianni
Telephone
(800) 728-2047
EGM
Firm Inc.
E-mail
joe@egmfirm.com
Source:
Golden
Age Resources, Inc.
7711
N. Military Trail
Palm
Beach Gardens, FL 33410
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SOURCE Golden Age Resources, Inc.