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News for 'IESV' - (Intrepid's Biogas Plant Processes First 500,000 Gallons)
IDAHO FALLS, Idaho, Feb 24, 2005 (PRIMEZONE via COMTEX) -- Intrepid Technology and Resources, Inc. (ITR) (OTCBB:IESV), a renewable energy company Intrepid Technology and Resources, Inc., a renewable energy company, announces that its biogas facility at the Whitesides dairy has processed over 500,000 gallons of manure in its initial month of operation.
The manure has been rendered into irrigation water and fed back into the dairy's lagoons for use during the upcoming irrigation season.
The process has proven reliable with improvements already made to the feed and control system. The hydrogen sulfide removal system, which was designed to meet pipeline gas specifications for the contaminant, has performed flawlessly. Concentrations of hydrogen sulfide are below the 4 parts per million requirements for use as pipeline gas. The company is currently procuring equipment to remove the last two contaminants required to achieve all pipeline specifications, namely water and carbon dioxide.
Gas from the biogas plant is now heating the dairy's hot water system and is producing an average excess of 43,000 cubic feet of gas a day from the two-tank system.
ITR's president, Dr. Dennis Keiser, commented "We continue to develop a high level of confidence in our proprietary digester technology and see a clear path to make the biogas from the digester into pipeline quality gas for sale to a local gas utility."
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.
SOURCE: Intrepid Technology and Resources, Inc.
By Staff
CONTACT: Intrepid Technology and Resources, Inc. Steve Ellis (208) 529-5337 sellis@intrepid21.com
(C) 2005 PRIMEZONE, All rights reserved.
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