Energy 1 Corp. Announces Its Acquisition of New Innovative Patent From Vortex IP; Agreement Addresses $42 Billion Annual Health
June 08 2010 - 8:30AM
Marketwired
Energy 1 Corp. (PINKSHEETS: EGOC) (FRANKFURT: D8i) today announced
that it has concluded its acquisition of two new patent pending
technologies from Vortex IP, a private Florida Corporation.
The primary Energy 1 technology, named "ExhausTek," was created
to meet the new and evolving emissions standards set by the US
Environmental Protection Agency (EPA). Along with ExhausTek is its
sister technology, named "IonTek," a world leader in boosting fuel
efficiency. Both technologies are patent pending and are licensed
through Vortex IP, a wholly-owned subsidiary of Energy 1
Corporation.
"These patents were acquired by Energy 1 to address both the
market's demand for cleaner emissions and improved fuel economy for
the internal combustion engine," stated Dean Steiger President of
Energy 1 Corporation. Furthermore "the cost to the US economy from
health related and lost productivity costs is estimated at over $42
billion annually, our technology addresses both of these problems
and as a result we believe our shareholders will enjoy long term
value from the Companies acquisition of 'ExhausTek' and 'IonTek,'"
added Mr. Steiger.
About Energy 1 Corp:
Energy 1 Corporation is a US based Energy Research and
Development Corporation, specializing in the development of energy
and emission solutions for the post carbon economy for the
transportation, institutional and multi-unit residential
industries.
For more information about EGOC visit: www.energy1corp.com
Forward-looking Statement: Please be advised that statements
made herein, other than historical data, constitute forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those stated or implied by
such forward-looking statements. The potential risks and
uncertainties include, among others, potential volatility in the
company's stock price, increased competition, customer acceptance
of new products and services to be offered by the company, and
uncertainty of future revenue and profitability and fluctuations in
its quarterly operating efforts.
For more info. contact: Dean Steiger info@energy1corp.com +1
(248)351-1745
Energy One (CE) (USOTC:EGOC)
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