Intrepid Technology Announces Second Digester Facility

February 17, 2004 07:01:00 (ET)

IDAHO FALLS, Idaho, Feb 17, 2004 /PRNewswire-FirstCall via COMTEX/ -- Intrepid Technology and Resources, Inc. (ITR) a renewable energy company (IESV, Trade) announces they have signed a letter of intent to initiate the design that will lead to the construction of their second Anaerobic digester and methane production facility. This renewable energy production plant will be built on a 6000 head dairy near Wendell, Idaho.

It is anticipated that the combination of this and the previously announced Whitesides Dairy facility will be capable of producing approximately 150 million cubic feet (150 billion BTUs of energy) per year -- or enough to supply the average energy needs of 1000 homes.

Besides the considerable economic benefits to be derived from this form of energy production, anaerobic digestion also produces large environmental benefits. These include significant reductions in "greenhouse gas" emissions, odors and the amount of phosphorus currently being released to the soil via land application of animal wastes. Control of phosphorous release is becoming an increasingly critical factor in the continued economic health of the dairy and cattle industries, and the reductions achieved through digestion will have a very positive impact on ensuring the future success of both.

ITR anticipates that the gas produced from the digestion process, which is "Green Energy", will be distributed in a number of potential value added forms ranging from commercial natural gas to liquid natural gas and propane replacement. Idaho alone uses nearly 18 million gallons of propane annually providing a potentially substantial and robust local market.

About Intrepid Technology: We are a premier technology applications innovator of Biogas, bio-diesel and Ethanol products and services designed to assist in national energy independence and reduced pollution. All of these "Green Energy" products are 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.

Steve Ellis of Intrepid Technology and Resources, Inc.,
+1-208-529-5337, sellis@intrepid21.com