" We have now proven that ITR has the management team in place to initiate this type of innovative, nondilutive financing and at interest rates which correspond to long term AAA rated bonds. Clearly this sets Intrepid Technology aside as a viable, innovative and growing alternative energy company.
Upon completion of this project, in 2006, ITR will be producing over 450,000,000 cubic feet per year of high grade biogas. This will make ITR the largest producer of pipeline quality biogas in the United States.
IESV is definitely one to watch, Purl Gurl I believe started something about this awhile back, They always have good volume, though the price does not ever significantly go up. I am thinking that people think the biogas trend is a hoax. However with the Gulf situation and the increase stress on the fast depleting oil supply, this is becoming a viable alternative. The company still files to maintain its OTC standing and today had an excellent PR, check it out!
Intrepid's Biogas Plant Achieves Significant Cost Savings Thursday September 22, 11:07 am ET
IDAHO FALLS, ID--(MARKET WIRE)--Sep 22, 2005 -- Intrepid Technology and Resources, Inc. (ITR) (OTC BB:IESV.OB - News) a renewable energy company announces that they are achieving significant waste reductions at the Whitesides biogas plant near Rupert, Idaho. ADVERTISEMENT
The plant is proving to be an efficient gas production plant as well as demonstrating remarkable waste conversion capabilities.
Manure is processed into gases which are further processed into heating fuel. Digested fiber's collected and processed into bedding and beneficial soil amendment commodities, and the processed water is used for irrigation as well as being recycled through the system to thin the influent manure to proper consistency.
As our experience grows we are discovering additional potential revenue streams that can augment gas sales. Examples include emission credits (carbon credits); renewable energy certificates (RECs), tax credits, sale of organic compost, and processing other organic wastes (cheese whey, animal renderings, etc.) to produce supplemental gas. These extra revenue sources could increase total revenues by as much as 50 to 100 percent. Revenues are also enhanced through cost avoidance which comes about from reduced waste handling operations and economical gas to power on-site operations, not to mention the significant reductions in odor and nutrient loadings in effluent water and solids.
ITR is also demonstrating significant cost avoidance to the dairy over using current standard waste management practices. Experience in operating the plant to date suggests cost avoidance values can range from $2.00 to $4.00 per cow per month depending on the operation. This savings occurs because of: 1) Greatly reduced nutrient loading which reduces acreage required for land application of manure residuals; 2) Less physical and mechanical handling of solids during composting operations; 3) Reduced operations and maintenance factors for pivot irrigation operations due to use of cleaner water; and 4) Energy cost savings via use of on-site produced gas to provide power for operations such as feed mixing, heating and cooling.
About Intrepid Technology: We are a national leader in Methane to Market technology and production and an 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.
Contact: For additional information contact, Steve Ellis (208-529-5337) Email Contact
-------------------- Life only has so many choices, choose wisely. Posts: 97 | From: California | Registered: Apr 2005
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