Ener-Core Completing Construction of Multi-Fuel Test Facility
15 April 2015 - 9:30PM
Business Wire
Facility to Test and Verify Performance of
Expected Large-Scale Power Oxidizers
Anticipated to Improve Time to Market and
Accelerate Sales Cycle
Ener-Core, Inc. (OTCQB:ENCR), the world’s only provider of Power
Oxidation technology and equipment that generates clean power from
low-quality and waste gases from a wide variety of industries, is
completing construction of a Multi-Fuel Test Facility (MFTF) that
it has developed and designed on its premises. The company has
invested $1 million to develop the MFTF and its completion is
expected by June 2015.
The MFTF will initially play a key part in completing
Ener-Core’s pending sale to Dresser-Rand of two Ener-Core Power
Oxidizers that will be coupled with the Dresser-Rand KG2-3GEF
two-megawatt gas turbine generators for Pacific Ethanol’s Stockton,
CA plant. As previously reported by Ener-Core, Dresser-Rand’s
letter of intent stated the formal purchase order to Ener-Core is
contingent upon a successful SSAT (Sub Scale Acceptance Test) as
defined in the Commercial License Agreement and scheduled to be
conducted in June 2015, after which time Dresser-Rand has agreed to
issue the purchase order. The MFTF will be used by Ener-Core to
demonstrate this critical test and secure the purchase order for
the full-scale system at Pacific Ethanol.
Dr. Boris Maslov, Chief Technology Officer of Ener-Core, said,
“The completion of the MFTF will not only be an important milestone
in our project with Dresser-Rand and Pacific Ethanol; the test
facility is a critical pillar of our overall commercial and
technology strategy. Today, our team receives frequent inquiries
from prospective customers with varying types of waste gases.
Typically, we find that most of these companies are flaring
(burning) their waste gases, but they are intrigued by Ener-Core’s
ability to help them monetize these poor-quality gases by
converting them to clean power. The MFTF will enable us to
physically test each specific type of waste gas in a relatively
fast and cost-effective manner, and thereby simplify and accelerate
the due diligence efforts of these prospective customers prior to
them making a purchasing decision.”
Alain Castro, Chief Executive Officer of Ener-Core, said, “In
parallel, Ener-Core is also executing on its strategy to scale the
Power Oxidizer technology up to larger-size power stations and
partner with leading multinational power equipment companies to
commercially deploy the larger-size systems. For these initiatives,
the MFTF will substantially reduce the time and costs of the
development cycle of these future (larger-size) products, as it
will enable us to rapidly prove the capability of our technology to
generate much higher-power outputs, without having to actually
commit the significant capital that would otherwise be needed to
build prototypes of the larger full-scale systems. So we see
this facility as the cornerstone to accelerating our sales cycle on
existing products, and also scaling up to larger products, by
proving the technological capabilities to customers (and
multinational license partners) before asking them to commit to
large capital expenditures.”
Images of the MFTF can be viewed at the following link:
http://ener-core.com/technology/operational-units/multi-fuel-test-facility-mftf
About Ener-Core
Irvine, California-based Ener-Core, Inc. (OTCQB:ENCR) designs,
manufactures and has commercially deployed unique systems that
generate base load, clean power from polluting waste gases
including methane. Ener-Core’s patented Power Oxidizer is the only
solution of its kind that turns one of the most potent pollution
sources into a profitable, “always on” source of clean energy.
Ener-Core’s technology offers a revolutionary alternative to the
flaring (burning) of gaseous pollution while generating operating
efficiencies and ensuring compliance with costly environmental
regulations.
Ener-Core offers a variety of platforms including the 250kW
Ener-Core Powerstation EC250 ("EC250"), the Ener-Core Power
Oxidizer 333 KW Powerstation (“EC333”) and the larger counterpart,
the 2MW Ener-Core Powerstation KG2-3GEF/GO.
Cautionary Statement Regarding Forward-Looking
Statements
Forward-looking statements contained in this press release are
made under the Safe Harbor Provision of the Private Securities
Litigation Reform Act of 1995. Information provided by Ener-Core,
Inc., such as online or printed documents, publications or
information available via its website may contain forward-looking
statements that involve risks, uncertainties, assumptions, and
other factors, which, if they do not materialize or prove correct,
could cause its results to differ materially from historical
results, or those expressed or implied by such forward-looking
statements. All statements, other than statements of historical
fact, are statements that could be deemed forward-looking
statements, including statements containing the words "planned,"
"expects," "believes," "strategy," "opportunity," "anticipates,"
and similar words. These statements may include, among others,
plans, strategies, and objectives of management for future
operations; any statements regarding proposed new products,
services, or developments; any statements regarding future economic
conditions or performance; statements of belief; and any statements
of assumptions underlying any of the foregoing. The information
contained in this release is as of the date of this press
release. Except as otherwise expressly referenced herein, Ener-Core
assumes no obligation to update forward-looking statements.
MediaFor Ener-CoreDian Griesel Int’l.Enrique Briz,
212-825-3210orInvestorsCheryl Schneider, 212-825-3210orMahoney
Communications GroupColin Mahoney,
617-970-4418colin@mahoneycommunications.com
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