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Watch IESV!! .04s. "Blackout" is over and news is due. First BioFuel Digester is complete. Now we look for news on a second. Here's the latest news. I'll "bold" My fav. part...
News for 'IESV' - (Intrepid's Gas Production Plant Achieves Fully Automated Status)
IDAHO FALLS, Idaho, Jan 25, 2005 (PRIMEZONE via COMTEX) -- Intrepid Technology and Resources, Inc. (ITR) (OTCBB:IESV), a renewable energy company, announces the company's flagship Methane anaerobic digester located at the 4000 head Whitesides Dairy near Rupert Idaho has achieved a fully automated operational status.
The anaerobic digester, which processes animal and industrial waste products, produces substantial quantities of Methane gas as a by-product. Methane is the primary combustible component in normal household and commercial natural gas.
ITR intends initially, to sell the excess gas to a pipeline carrier. However ITR will, in 2005, power an alternate fuel vehicle with this gas making ITR one of the few companies ever to take animal waste and utilize it to power a car or truck in the United States. This will also make ITR's compressed natural gas (CNG) filling station in Idaho Falls the first commercial station in the U.S. to dispense gas from a waste product for vehicle use.
Dr. Dennis Keiser, ITR's chairman remarked, "Achieving a fully automated status is significant as we can now fine tune the plant and ultimately get the bio-reactor to maximum production in a short period of time. We are a unique company within our group as we are making unique use of the biogas that the digester produces. All other biomass plants are utilizing the gas to produce electricity and in that process loosing as much as 70% of the energy. ITR is capturing and utilizing nearly all of the energy produced from our plant."
ITR will be providing investors with further detail on gas production rates in the coming weeks as the microbes continue to mature.
About Intrepid Technology: We are a premier technology application innovator of Biogas products and services designed to assist in worldwide energy independence and reduce pollution from renewable agriculture feedstock and industrial and agriculture waste materials.
Statements released by Intrepid Technologies and Resources that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
SOURCE: Intrepid Technology and Resources, Inc.
By Staff
CONTACT: Intrepid Technology and Resources, Inc. Steve Ellis (208) 529-5337 sellis@intrepid21.com
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