Wanderport Selects Engineering Partner for Completion of Its Microwave Energy Tank-Less Water Heater Prototype
October 07 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that it has
completed the selection process and has chosen the engineering firm
to produce the characterization design of its single cavity
microwave energy tankless water heater prototype.
After having held face to face meetings with the two short
listed firms, Robert Simoneau's (Wanderport Corporation's Technical
Advisor and product Licensor) recommendation was to proceed with
the firm possessing a profound understanding and experience in
thermal dynamics despite the enthusiasm for our project by the
other candidate, which he feels is the determining factor favoring
the chosen company.
"Wanderport's end product will benefit immensely from the
engineering firm's commitment to appointing their specialist in
thermal dynamics to run the assignment adding his impressive
knowledge and expertise evidenced by his past successes in working
on similar challenges," said Mr. Simoneau.
"The name of the company and pedigrees of its representatives,
are being withheld until such time as mandate terms, timelines and
disclosure permissions are concluded," said Richard Martel,
Wanderport Corporation's President and CEO.
"While negotiations are underway, completion of a prototype
within this fourth quarter 2010 seems feasible pending the outcome
of said negotiations and any unforeseen delays or constraints that
may arise throughout the engineering process. We anticipate
releasing details pertaining to a definitive agreement on or before
November 10, 2010," further added Mr. Martel.
The company is also pleased to emphasize that the engineering
firm has relinquished any claims in whole or in part to proprietary
technology rights or overrides derived from work offerings, upgrade
or technology transfer toward the finished microwave energy
tank-less water heater. Thus, all proprietary technology rights are
retained by Wanderport through its licensing agreement.
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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