Wanderport Short Lists Engineering Firms for Its Microwave Energy Tank-less Water Heater Prototype Production
September 16 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has
short listed two engineering firms to complete a finished prototype
for its microwave energy tank-less water heater.
Following Wanderport's recent news release (August 19, 2010)
citing prototype production up for tender to various engineering
groups, the company has now successfully short listed two
prospective companies located in Alberta and Ontario Canada, to
finalize the characterization of the microwave energy tank-less
water heater.
The main reason for choosing a Canadian engineering firm is to
qualify for a specific Canadian government funding program only
available in Canada. This, however, in no way binds Wanderport to
Canada for its eventual production and leaves the door wide open
for subsequent production in either the USA, Canada or any other
country.
A partial design summary provided by the engineering firms
includes:
- Technology transfer baseline information
- Research and planning pertaining to project planning and
administration
- Physical assembly completion and assembly of
electrical/electronics
- Familiarization with the supplied controller
- Design and fabrication of heat exchanger in accordance to new
patent application
- Hydraulic assembly for magnetrons
- Metallic enclosure finishing
Wanderport is also pleased to confirm that the engineering firms
have relinquished any claims in whole or in part to proprietary
technology rights or overrides derived from work offerings, upgrade
or technology transfer toward the finished microwave energy
tank-less water heater. Thus, all proprietary technology rights are
retained by Wanderport through its licensing agreement.
"A contractual obligation to transact with a selected third
party engineering firm is further evidence that we are unwavering
in our belief and commitment to the marketability of our microwave
energy tank-less water heater," said Richard Martel, President and
CEO of Wanderport Corporation.
"Based on quotations received, we are confident that an
agreement with one chosen engineering group will produce a single
cavity microwave water heater unit capable of being reproduced
according to certifiable industry standards and market demands in a
linear manner," stated Mr. Robert Simoneau, Wanderport's Technical
Advisor and product Licensor. "Nobody, including the engineering
firms, wants to walk into failure and I am delighted to confirm a
sense of genuine optimism in relation to our product's imminent
completion. We are truly eager to complete this phase of our plan
and move to production," continued Mr. Simoneau.
Both engineering firms are scheduled to make their final
presentations without delay and Wanderport anticipates making an
announcement of a definitive agreement containing timelines and
other specific information immediately following that process.
About Wanderport Corporation: Wanderport
Corporation is a holding and business development company making
investments, acquiring licenses and deployment of environmentally
friendly "Green" technologies such as, primary alternative,
renewable energy and energy saving products namely Pulsar's
microwave energy tank-less water heater, which reduces water and
energy consumption as well as global dependence on oil. Pulsar Advanced Technologies Inc. was the proud recipient of
the 2005 TIPTA award (TCA; Toronto Construction Association,
Innovative Product and Technology Award), 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.
Visit Wanderport Corporation at: www.wanderport-ir.com Email
Contact: inquiries@wanderport-ir.com +1 (352) 533-4801
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