posted
Real Logic Announces Agreement with Wind Turbine and Hydrogen Energy Company Feb 21, 2008 11:48:00 AM Copyright Business Wire 2008 View Additional ProfilesPALM BEACH, Fla.--(BUSINESS WIRE)--
Real Logic, Inc. (OTCBB:RLLC) has come to agreement on terms for a Real Logic subsidiary with an innovative company developing a new generation of commercial wind turbines with optional hydrogen production and storage components. This company has completed design, marketing, and manufacture of a new wind turbine system, and will be transferring into the new subsidiary the exclusive rights for the intellectual property for the system, including patents and patents pending, proprietary systems, improved wind turbine design, and other numerous innovations unique to this industry. The company's pro forma summary projections indicates that Revenues will be generated from three income streams: Equipment Sales, Development O/M Services, and Wind Farm Revenues: Year Two Sales Revenues are estimated to be over $125,000,000: Year Three Sales Revenues are estimated to be over $350,000,000. Real Logic will be the majority owner of the new subsidiary.
As a result of an aggressive marketing and sales campaign that has been underway over the last two years, the company has existing projects pending and in process. The management team for the new subsidiary will consist of a group of experts, in addition to a renown engineer who is highly rated with the Department of Energy and considered by his peers as a leading international authority on wind turbine technology, wind energy conversion, and wind farming. This professional will head up ongoing technical development, project assessment, and supervision of all engineers and project managers, for the subsidiary.
The company's commercial wind/hydrogen energy innovations are expected to offer the renewable energy market a distinctive power generation system costing less than conventional technology available. Currently, there are only five major worldwide corporations in the Wind Industry: G.E., Siemens, Mitsubishi, Suzlon, and Gamesa. These companies have been so successful that they have backlogs of orders for their equipment until mid 2010. Based on supply and demand alone, Real Logic believes that we can fulfill the roll of a major supplier with a unique proprietary product that is readily available and less costly than existing systems in the marketplace.
Michael Posner, President, said, "We are pleased to have such an outstanding product for our Clean Energy Division whose mission, compatible to ours, is to serve humanity and the environment by developing, constructing, marketing, and operating sustainable energy technologies comprised of existing and emerging wind, hydrogen, and other alternative systems to address the needs of the global community and reduce reliance on environmentally damaging fossil fuels. We expect this venture to compete effectively and efficiently in this growing billion dollar industry."
FORWARD LOOKING STATEMENTS: This news release may contain forward-looking statements under the provisions of the Private Securities Litigation Act of 1995, as amended, that are subject to inherent risks or uncertainties. These risks and uncertainties are described from time to time in the annual, quarterly and other periodic reports filed by the company with the Securities and Exchange Commission.
Source: Real Logic, Inc.
---------------------------------------------- Real Logic Inc. Palm Beach Brad Tolley CEO 561-307-1545 Email: info*reallogic.net
Posts: 443 | From: st.louis | Registered: Dec 2003
| IP: Logged |
posted
Real Logic Announces Guatemalan Joint Venture Wind Turbine Project Tuesday March 18, 10:38 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--Real Logic, Inc., (OTCBB:RLLC - News) is pleased to announce that the principals of its Wind Turbine subsidiary have just completed an Engineering Conference in Denver, Colorado to discuss and evaluate a proposed project with a private Guatemalan developer. The developer has placed an order to purchase twenty new technology 2.5 MW wind turbines and a Hydrogen production, storage and power generation system, including three 20 MW hydrogen-fueled generators, for a rated capacity up to 110 MW for the project. ADVERTISEMENT
The purpose for the series of meetings was to introduce SEMCO, the Danish affiliate of Telectro, which will act as the Engineering, Procurement, and Construction contractor for the Guatemalan project. SEMCO has agreed to an exclusive ten year engagement for Telectro to operate and maintain the wind farm facility. The meeting specifically allowed SEMCO - Telectro representatives an opportunity to review the new wind turbine technology, engineering, hydrogen systems, and its technical evaluation and economic efficiency.
Michael Posner, President, said, "Recent publicity regarding meetings of three countries, Argentina, Chile, and Brazil, in Buenos Aires, reveals the urgent situation of energy issues in Latin America. This Guatemalan project, nearing $100,000,000, represents a unique opportunity for our Clean Energy Division to have a head start with an existing business relationship in Latin America for our new wind turbine technology systems, just as wind power is striding into international public view as an icon of clean energy that will alleviate shortages of fuel and help stabilize electricity availability and its costs."
FORWARD LOOKING STATEMENTS: This news release may contain forward-looking statements under the provisions of the Private Securities Litigation Act of 1995, as amended, that are subject to inherent risks or uncertainties. These risks and uncertainties are described from time to time in the annual, quarterly and other periodic reports filed by the company with the Securities and Exchange Commission.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
