News / Business
Cornerstone Sustainable Energy Announces Exclusive Manufacturing Agreement
Receivable Acquisition & Management Corporation (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(TM) engines for customer applications throughout the worldwide green energy arena."
The agreement provides for the manufacturing of CSE's PwrCor(TM) 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(TM) 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(TM) 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.
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
