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PowerVerde Plans to Deploy Its Non-Fossil Fuel Technology into the Public Utilities Market
PHOENIX-(Business Wire)-July 2, 2008 - PowerVerde, Inc ("PowerVerde"), a wholly owned subsidiary of the Vyrex Corporation ("VYXC"), announced today that it has entered into discussions with a large domestic utility to test its patented Gas Pressure Motor ("Motor"). The concept involves positioning its non-fossil fuel motors on existing gas transmission pipelines, and utilizing the already present pressure and volume of natural gas, inherent in these designs, to power the motor.
Fred Barker, co-inventor of this unique electrical generation system, commented, "Utilizing a drop in pressure of the natural gas at specified sites known as 'city gates,' our Gas Pressure Motor produces electricity and returns the natural gas to the lower pressure line without using or depleting any of the gas."
George Konrad, co-inventor of the Motor and president of PowerVerde, states, "the configuration of natural gas pipeline networks both domestic and worldwide creates an opportunity to produce megawatts of clean, green electricity, without large tracts of land or traditional generating infrastructure, resulting in significant cost savings when compared to other renewable technologies."
About PowerVerde, Inc.
PowerVerde has designed, developed and patented a unique Gas Expansion Machine ("GEM") capable of producing electrical power without combustion or fossil fuel and emitting zero exhaust gases. The only source of energy (fuel) is any low-grade heat source or adequate pressure, created by solar, thermal, geo-thermal, biomass, waste-heat or wellhead pressure.
The design of the motor was conceived and co-developed by Fred Barker, a former Boeing Engineer. Mr. Barker partnered with co-developer George Konrad, owner of Arizona Research and Development Corporation, utilizing Mr. Konrad's manufacturing expertise. In 2007 the prototype design was further refined with additional patent claims in combination with our proprietary Organic Rankine Cycle System ("ORC"). In this application the energy from water heated to 160 degrees drives the motor, ultimately producing alternating electric current.
For further information contact please visit our web site at www.PowerVerdesolar.com.
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