Wanderport's Microwave Energy Tank-Less Water Heater Prototype Production up for Tender to Selected Leading Engineering Firms
August 19 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) announced today that in its
efforts to make its microwave energy tank-less water heater
available to market, the company has elected to leverage its
resources and retain the services of an independent engineering
firm which will allow a more rapid transition from the current "in
house" analysis towards full production of prototypes along the
guidelines derived from said analysis.
Visualization of the product evolved, as did timeline
expectations beyond "in house" capacity. Consequently, the need to
add more resources via independent engineering firm is the solution
which will allow Wanderport to shorten the timeline to produce its
prototypes for the certification process.
Wanderport's criteria in choosing the engineering firm are based
on their experience, reputation, areas of expertise and estimated
time and cost to produce the microwave tank-less water heater
prototypes. Pending the chosen company's approval, Wanderport fully
intends to announce the firm's name and their estimated timeframe.
In the event a suitable engineering firm is not found to meet the
aforementioned criteria, Wanderport will most likely proceed with
an Asian factory with whom they are presently contracting.
"I am pleased and confident with the accumulated knowledge base
thus far," said Mr. Robert Simoneau, Wanderport's Technical Advisor
and product Licensor. "Rather than continue the arduous procedure
in our facilities, it is preferable to steer an independent
engineering firm, with this knowledge base, to facilitate the
product's timely completion. The market is demanding more than we
are able to supply but a third party engineering group's
involvement should considerably reduce delays towards its swift
completion," continued Mr. Simoneau.
"Any way we can shorten the essential time to create revenue is
our priority and it is re-assuring that Mr. Simoneau is now of the
opinion that we have accumulated enough technical information to
accelerate the process by the employment of an external resource,"
said Richard Martel, Wanderport's President and CEO. "We have sent
out our 'request for quotation' to a number of firms and we are
pleased to disclose that we have already received numerous
responses from interested parties with whom we are presently
negotiating Non Disclosure Agreements prior to offering tenders
containing technical proprietary specifications," Mr. Martel
continued.
The company is moving "full speed ahead" and expects to conclude
a deal with a leading independent engineering firm and entertain
offers of further involvement and participations from its US and
Australian distributors towards product completion within the
coming weeks. Valued shareholders shall continue to be informed
upon further developments.
NOTES OF INTEREST: Wanderport has not yet decided if it will
hold an open information conference call however; shareholders are
encouraged to send in their questions including contact information
to inquiries@wanderport-ir.com making reference to "conference call
questions." In the event a conference call is scheduled, those
questions will be prioritized.
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
product innovation and technology development for the 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.
Visit Wanderport Corporation at: www.wanderport-ir.com Email
Contact: inquiries@wanderport-ir.com +1 (352) 533-4801
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