Test Proves System Can Efficiently Run on Solar, Biomass, Geothermal or Waste
Heat
PHOENIX--(Business Wire)--
PowerVerde, Inc. (OTCBB: PWVI), a leading manufacturer of high performance
pressure and gas expansion products, today announced the successful test of its
new Organic Rankine Cycle ("ORC"), the PowerVerde 25/50 KW electric power
system. The new system, a next generation design, is capable of producing 25
kilowatts of electrical power on any low grade heat (180 degree F). This test
was conducted at the company`s facility, Arizona Research and Development, last
Wednesday. This renewable energy heat recovery power generation system will
operate on any adequate heat source. The system was designed principally for
solar, geothermal, biomass, or waste heat, the latter of which can be captured
from manufacturing processes or fossil fuel driven motors.
George Konrad, founder and President, commented, "This test confirms our belief
that this system, driven by our newest generation gas expansion motor, is the
most efficient ORC ever created in the 100 KW or less space." PowerVerde will be
delivering this system to our previously announced thermal solar collaborator, a
Hawaiian based leader in solar heat capture technology. Beyond solar, PowerVerde
is positioning this system to capture waste heat from small diesel driven
systems or manufacturing processes to create commercial grade electricity for
use in factories, communities, and for resale back into the municipal electric
grid.
The company believes this test is a breakthrough event from our previously
tested 10 kilowatt system filmed last year by NBC Phoenix affiliate KPNX channel
12. Brian Gray, PowerVerde`s CTO, added, "When measuring how many BTU's of heat
equal 1 kilowatt of electricity this ORC system is going to set a new standard
or paradigm in ORC efficiency".
About PowerVerde
PowerVerde, Inc. (OTCBB: PWVI) manufactures advanced renewable power generator
systems comprised of gas pressure and gas expansion motors. These systems
operate without combustion or fossil fuel creating electrical power from any low
grade heat source or adequate pressure forum. PowerVerde is an environmentally
friendly green company producing zero emissions or waste stream byproducts. For
more information about PowerVerde, please visit our web-site
www.PowerVerdeenergy.com
This news release contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the Company's current
views with respect to future events that involve risks and uncertainties. Among
others, these risks include the failure to meet schedule or performance
requirements of the Company's contracts, the Company's liquidity position, the
Company's ability to obtain new contracts, the emergence of competitors with
greater financial resources, and the impact of competitive pricing. In the light
of these uncertainties the forward-looking events referred to in this release
might not occur.
PowerVerde, Inc.
George Konrad, 602-316-6726
gkonrad@powerverdesolar.com
Copyright Business Wire 2009
