Wanderport Signs Agreement to Supply Turkey and the Middle East, Worth $11m Over Five Years
23 February 2010 - 12:19AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has
signed a definitive sales and distribution agreement to supply
Turkey and the middle East with Wanderport's microwave energy
tank-less water heater.
Deltoid Enerji, Ltd. of Istanbul Turkey is a
manufacturer/distributor of various energy savings applications
including LED-based lighting systems. Deltoid's main market is
Turkey's residential and commercial Utilities market as well as the
Apartment Tourism and Hotel segments of the very popular Dubai and
Abu Dhabi regions of United Arab Emirates as well as The Kingdom of
Saudi Arabia.
From a population of approximately 71 million, Turkey's annual
water heater sales are roughly 1.5 million units. Deltoid's
projected commitment is roughly 25,300 units within a five year
period equivalent to $11,385,000 USD in revenue, which is very
conservative as it does not take into consideration regions of
Dubai and Abu Dhabi of The United Arab Emirates and The Kingdom of
Saudi Arabia.
"Market introduction will be multidirectional, that is, we will
use our existing distribution channel through local agents and
retail shops as well as hotel and holiday industry. We will also
carry Wanderport's eventual commercial grade microwave energy
tank-less water heater application," said Dr. Muhyettin Sirer,
General Manager at Deltoid Enerji Ltd. "Some of Turkey's larger
manufacturer/installers include the likes of Arcelik, Dermirdokum,
AEG and Vestel and we have regular access to them by way of
existing sales channels and a presence at five major
building/construction trade shows held in Turkey on a yearly
basis."
"It amazes me to see this kind of enormous growth opportunity we
are dealing with here. Business opportunities this grandiose are
rare and with a pre-production unit on the way, Wanderport is
quickly moving closer to its goal of obtaining one percent of the
global 10 billion dollar industry," said Richard Martel, President
and CEO of Wanderport.
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 innovation in product or technology
development, or its application of its 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.
Contact Wanderport Corporation at: For more information:
www.wanderport-ir.com Email: inquiries@wanderport-ir.com +1 (917)
338-7957
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