Wanderport Sales Projections Increased Due to US Department of Energy's New Efficiency Standard
June 07 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced US sales
projections may surpass targeted sales revenue of roughly
$238,050,000 USD forecasts for the next five years due to the US
Department of Energy's (DOE) decision to impose higher efficiency
standards for water heaters.
The Northwest Energy Efficiency Alliance (NEEA) recently made
mention of the new efficiency standard requirement of 200% energy
efficiency factor (2.0) which is equal to the eligibility standard
required by Energy Star in contrast to typical electric resistance
water heaters with an energy efficiency factor of 90% (0.9).
The Northwest Power and Conservation Council (NPCC) estimates
that by 2030 market adoption of new water heater technologies
capable of meeting DOE's energy efficiency factor of 2.0 will save
the region nearly 500 MW, creating an enormous residential energy
savings opportunity and enormous revenue implications for "on
demand" tankless and heat pump water heater suppliers.
According to Dave Myers, President of UMC (Wanderport's USA
distributor), "Based on preliminary pricing estimates between
Wanderport and UMC, the microwave tankless water heater should be
approximately 65% more economically priced than an integrated heat
pump model."
"There are just about 9 million water heaters produced yearly
for the US market. More importantly however, we estimate the DOE's
new efficiency standard will stimulate increased product demand of
more or less 150,000 additional water heater installations in the
five year period leading to 2015. We believe Wanderport's microwave
energy water heater technology will comply with the new efficiency
standard and provide the strategic advantage we are seeking to
benefit from this surplus market opportunity," continued Mr.
Myers.
"We are thrilled to work with UMC through which we can profit
from an expanding US marketplace due to the shifting philosophy
towards 'Green' technologies. Similarly, new standards are being
implemented internationally and Wanderport's timing couldn't be
better," said Mr. Richard Martel, President and CEO of Wanderport
Corporation.
"We are prepared for these global sales opportunities having
signed a host of other international distributors such as
Australia's Gavin Ovens Holdings PTY LTD, headed by Mr. Gavin
Ovens. Australia's new hot water strategy began July 1st, 2009 and
focuses on developing strategies to limit water and energy
consumption with improved water heater performance efficiency.
Wanderport's growth potential is practically immeasurable
considering our proprietary microwave water heater technology can
provide an efficient and economical alternative to existing water
heaters, as well as endless residential and commercial applications
on the way to millions in sales and revenues," continued Mr.
Martel.
About Wanderport Corporation: Wanderport
Corporation is a holding and business development company making
investments, acquiring licenses and deployment of environmentally
friendly "Green" technologies such as, primary alternative,
renewable energy and energy saving products namely Pulsar's
microwave energy tank-less water heater, which reduces water and
energy consumption as well as global dependence on oil. Pulsar Advanced Technologies Inc. was the proud recipient of
the 2005 TIPTA award (TCA; Toronto Construction association,
Innovative Product and Technology Award), recognizing excellence in
innovation in product or technology development, or its application
of its microwave energy tank-less water heater.
Important Information About Forward-Looking
Statements: 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.
CONTACT: Visit Wanderport Corporation at: www.wanderport-ir.com
Email: inquiries@wanderport-ir.com +1 (352) 533-4801
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