Cornerstone Sustainable Energy Announces Exclusive Manufacturing Agreement
07 March 2014 - 1:45AM
Receivable Acquisition & Management Corporation (OTCBB:CSEI)
d/b/a/ Cornerstone Sustainable Energy ("CSE"), announces that it
has finalized an exclusive manufacturing agreement with Elite
Energy Systems LLC ("Elite") of Carson City, NV.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=23973
Tom Telegades, Chief Executive Officer of CSE, commented, "The
Company is now poised to produce its PwrCor™ engines for customer
applications throughout the worldwide green energy arena."
The agreement provides for the manufacturing of CSE's PwrCor™
engines, using a proprietary design developed and engineered in
collaboration with Elite. The engines are engineered to be modular
and scalable, which easily enables manufacturing of different sized
engines.
PwrCor™ engines are capable of converting low grade heat energy
in the range of 180° to 185° F into mechanical energy or
electricity. The engines have particular application in the Waste
Heat and Geothermal markets. Based on an award-winning technology,
they are uniquely capable of offering solutions using lower
thresholds of input heat energy to produce mechanical or electrical
energy.
CSE is currently offering two engine sizes, designed to generate
335HP and 167HP respectively. This equates to electric generation
of 250KW and 125KW. The engines are skid-mounted with modest
footprints.
The PwrCor™ engine is based upon field-tested and proven thermal
hydraulic technology. The engine operates economically using
temperatures and flows that competitive technologies cannot match.
The technology is designed to generate power with lower grade heat
and with significantly less thermal inflow than any technology on
the market. As a result, these engines open up large market
opportunities that have been inaccessible and thus untapped. As
additional benefits, the engine gains efficiency by operating
without a phase change, involves no internal combustion or gearing,
uses only environmentally benign operating fluids, operates almost
silently, and produces no pollution – it is entirely "green".
About Cornerstone Sustainable Energy
CSE is focused on energy infrastructure development projects and
delivering alternative energy solutions to a wide range of
commercial and not-for-profit customers.
www.cseindustries.com
CSE's Forward-Looking Statement Safe Harbor
Statements under the Private Securities Litigation Reform Act,
as amended: with the exception of the historical information
contained in this release, the matters described herein contain
forward-looking statements that involve risks and uncertainties
that may individually or mutually impact the matters herein
described for a variety of reasons that are outside the control of
the Company, including, but not limited to, its ability to raise
sufficient financing to implement its growth strategy, and its
ability to successfully develop and commercialize its proprietary
products. Readers are cautioned not to place undue reliance on
these forward-looking statements as actual results could differ
materially from the forward-looking statements contained herein.
Readers are urged to read the risk factors set forth in the
Company's most recent report on Forms 10-Q, 8-K and other filings
made with the SEC. Copies of these reports are available from the
SEC's website or without charge from the Company.
CONTACT: Cornerstone Sustainable Energy
info@cseindustries.com
PwrCor (PK) (USOTC:PWCO)
Historical Stock Chart
From Jan 2025 to Feb 2025
PwrCor (PK) (USOTC:PWCO)
Historical Stock Chart
From Feb 2024 to Feb 2025