Golden Spirit Signs Memorandum of Understanding With Tectane Technologies Corporation
April 23 2010 - 4:10PM
Marketwired
Golden Spirit Enterprises Ltd. (OTCBB: GSPT) announces that the
Company has signed a Memorandum of Understanding with Tectane
Technologies Corporation (Tectane), a Montreal-based Company in the
Alternative Fuel industry for over 30 years.
The MOU outlines the plan for Golden Spirit to acquire all
world-wide patents and patents pending technologies relative to
Tectane's AQUAGAS, AQUAHOL Alternative Energy System and New Dual
H2O Engine Oxygenerator.
AQUAGAS & AQUAHOL Alternative Energy System, is a Retro-Fit
Engine Kit, that enables conventional engines (80% of the Market)
to operate on inexpensive gasoline as low as 75 octane, or Low
Grade Alcohols (Ethanol or Methanol). The Kit can be installed in 2
hours and costs less than $300. The kits consist of an
Internationally Patented H20 Injection Catalyst, that injects
ordinary water directly into the combustion of the engine, but only
upon acceleration, thereby using only a small amount of water (1/10
ratio). A supplementary 5 gallon tank is installed in the trunk of
the car. Adjustments are made to reduce the gasoline flow, with
specification changes to the Knock Sensor, Oxygen Sensor and Air
Mass Flow.
The system has been rated # 1 in the Top 100 - Fuel Efficiency
Category of PESWIKI - Pure Energy Systems, the leading Consumers
Report on Green Technologies. The U.S. Department of Agriculture -
Feature Bulletin # 771-80 states that Tectane's Aquahol is "800%
more efficient, than the current mandated Gasohol blend of 90%
gasoline and 10% ethanol." The U.N. Trade & Development - New
Commodities Division, recommended its use in their 1994 report, on
new potential commodities with positive environmental impacts.
TECTANE'S HISTORY
On May 9th, 1979 Tectane Doubled the Gas Mileage on a Florida
Police Car. It received Major News. The Quaker State Franchisee of
Florida, Ross Oil, became a Distributor and over 10,000 kits were
sold, until the Car Manufacturers developed Electronic Computers to
control engine specifications. Codes for specification changes were
not made available to Dealers, thereby preventing Tectane, from
modifying the required engine specifications.
It was only in year 2007 that Tectane developed a Computer By
Pass System to change specifications. International Patents were
filed in 2008, by one of the Leading Canadian Patent Firms --
ROBIC.
A Feasibility Study conducted by Price Waterhouse in L.A.,
California in 1994 concluded that Tectane would have huge success,
once Environmental Mandates are demanded. The Company feels that
time has arrived. More information about Tectane can be viewed at
www.tectane.com and www.almahditectane.com.
In addition, the MOU states that the Company also has the right
to acquire the fully integrated Sweet Sorghum ethanol production
alternative food supply and housing system, which includes the New
Train Distillation and New Ship Co-Generation Distillation Systems.
The Company will issue a combination of cash and stock in two
phases for the acquisition. The Company is working on a formal
agreement with Tectane to complete this acquisition as soon as
possible.
Mission Statement: Golden Spirit Enterprises Ltd. is an
environmentally, socially conscious Company specializing in green
technologies which will assist in fighting global warming and the
march to help mankind.
/s/ Jaclyn Cruz Jaclyn Cruz, President
For further information contact: 1-888-488-6882 or email
info@goldenspirit.ws
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time
in Golden Spirit's filings with the Securities & Exchange
Commission.
For further information contact: 1-888-488-6882 or email Email
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