PMEA Begins Tests of New Energy Storage Application
May 02 2013 - 7:15AM
PM&E, Inc. (OTC Pink:PMEA) announced today that company began
formal tests of its heat storage application combined with its GEN
4 MPVS system. "When fully implemented this system would allow
consumers to heat their homes and enjoy hot water literally free
thanks to our application," concluded Jack Merck. This development
also significantly increases expected revenue company will derive
when product hits the market. The Company was working on this
approach for a while and came to a point where energy storage
system could be integrated into its flagship MPVS system, as part
of its cooling mechanism. Since system is untested and not patented
yet, company cannot disclose much, but what can be said that MPVS
GEN 4 passive proprietary cooling system is now integrated with
heat capacitor, vacuum based approach which in lab showed
significant potential in storing ultra-hot liquids for substantial
periods of time without significant temperature losses. As a second
step in this initiative company is planning integration of fuel
cell generator together with MPVS and storage application, so
either heat storage or fuel cell generation could be offered to
industrial clients using the system. Fuel cell generation is
achieved through several proprietary techniques by splitting water
molecule into hydrogen and oxygen using thin films of iron oxide.
For retail clients energy storage will be most common. Industrial
clients will be interested in both options. "We are very excited to
begin the tests and will notify our shareholders about its results
as soon as they come in and are carefully analyzed by our
engineers," concluded Jack Merck.
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act. The Private
Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases
brought under the federal securities laws, including changes
related to pleading, discovery, liability, class representation and
awards fees as of 1995. Those statements include statements
regarding the intent, belief or current expectations of PM&E,
Inc. and members of its management as well as the assumptions on
which such statements are based. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
CONTACT: Thomas Hamilton
647-761-3413
support@suncetix.com
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