Cornerstone Sustainable Energy Named "Preferred Provider" by Mine-NRG
March 26 2014 - 10:11AM
Receivable Acquisition & Management Corp. (OTCBB:CSEI) d/b/a/
Cornerstone Sustainable Energy ("CSE"), announces that it has been
selected as the preferred provider of power production technology
to Mine-NRG, Inc. This provides CSE with preferred access to the
application of heat conversion technology in underground mines,
when combined with Mine-NRG's patented technologies. The
combination provides safe, sustainable power solutions to the
mining industry using no combustion or other hazardous methods.
Tom Telegades, Chief Executive Officer of CSE, commented, "The
Company is now poised to deploy its PwrCor™ engines in mining
industry applications. Our technology allows Mine-NRG to provide
innovative ways for underground mines with low to moderate
temperature geothermal resources to generate their own electricity.
There are thousands of active underground mines throughout the
world, with the U.S. alone accounting for well over 800. Many of
these mines, especially the deep ones, have geothermal conditions
that offer potential for our technology."
PwrCor™ engines are capable of converting low grade heat energy
in the range of 180° to 185° F into mechanical energy or
electricity. Based on an award-winning technology, the engines have
particular application in the waste heat and geothermal
markets.
Mine-NRG, a privately held company, believes that the CSE
PwrCor™ technology is ideal for underground mining applications, as
no explosive or combustible materials are utilized. Moreover, since
CSE's PwrCor™ operates at significantly lower input temperatures
and flows than competing technologies, this substantially expands
the market to a greater number of mines throughout the world. The
global mining industry is a major consumer of electricity needed
for air ventilation, pumping, lighting, air compression and other
mining operations.
CSE is currently offering two engine sizes, designed to generate
335HP and 167HP (electric generation of 250KW and 125KW
respectively), with other sizes and configurations available upon
request. 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. 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
About Mine-NRG
Mine-NRG is a privately held licensing and development
corporation which has developed patented technologies designed to
tap the existing infrastructure and temperatures of underground
mines to produce electricity, along with other sustainable
benefits. www.minenrg.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
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