I am hearing news out this week , after CEO has been in meetings with European partners. Closed * .06 today. Internal Hydro's European Partner, Cm2, Brings Production and Revenue Capabilities
2005-11-14 09:00 ET - News Release
TAMPA, Fla., Nov. 14, 2005 (PRIMEZONE) -- With the announced strategic joint venture partnership of Internal Hydro International Inc. (OTCBB:IHDR) (www.InternalHydro.com) with Cm2, a privately owned producer and supplier of electrical systems for European utilities and industrial users, IHDR has paired with a certified manufacturer for the production of the Energy Commander units. Under the joint venture agreement with IHDR, Cm2 expects to place as many as 600 units in the first year, as well as delivery for domestic U.S. distribution. Under the agreement, IHDR shall receive approximately 35% of revenue plus approximately $2,500 per unit produced for European use. Cm2 is a responsible party for certification of alternative energy devices in Italy.
Cm2's production facility is located in Terni, Italy, about one hour north of Rome. The facility encompasses a large 19,000 sq. meter area with a 7,000 sq. meter production warehouse. With on staff engineers, marketing and production, Cm2 is well positioned to handle the EC systems. Cm2 manufactures and produces large industrial electrical components for utilities and industries, including such items as transformers, MV and LV electrical switchboards, auxiliaries and conduits for big transformers, cooling ducts, conduit bars, motors and generators. Cm2 also works in the area of hydro technologies for implementation of systems to unutilized water flows, where the EC units will fill a large role. Cm2's clients include Siemens, Colgate Palmolive Europe, Alitalia and every large Italian utility, among others.
Giovanni Lanari, of Cm2 states, "Cm2 has deep knowledge and considerable experience in manufacturing energy plants and has very high expectations on the business development of the Internal Hydro`s ECIV." Mr. Lanari continued that his engineering department has already arranged a proper space in their 800,000 sq. foot warehouse for hosting the final development and the starting on the production line for the EC generator.
Lanari also stated that Cm2 has also reached an agreement with Politecnico, one of the foremost Italian universities, for their endorsement of the technology under a transfer plan which will trigger EU grants and the contribution from the Italian state and from the regional governments.
Cm2 is ISO 9001 certified, and IQ NET certified for the production, maintenance and installation of all electrical systems, as well as maintaining certifications in the same for quality control. RINA (Italian Air and Shipping Registry), certifies that Cm2 works in accordance with ISO 9001 quality regulations in the making of the following products -- process -- services: Planning, production, installation and assistance of civil and industrial technological systems for electric, electronic and mechanical sectors.
About Internal Hydro
Internal Hydro International, Inc. is an alternative energy company that developed a clean energy power system, the Energy Commander Systems, that utilizes a patented technology, using waste water, fluid or gas flow from any source where flow pressure is present, and yet wasted, to create electricity. Internal Hydro has grown into a multi national enterprise with international contracts spanning over three continents. Internal Hydro is well positioned to gain major market share and dominate the niche of hydro energy in the fragmented alternative energy marketplace. For more information, please visit the Company's Web site at www.InternalHydro.com.
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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