Wanderport Mandates Design 1st Inc. to Complete the Pre-Production Microwave Energy Tank-Less Water Heater
October 28 2010 - 8:00AM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today confirmed the signing of
a definitive agreement with Design 1st Inc. two weeks ahead of the
scheduled November 10th, 2010 deadline, to produce and obtain
optimum results from the heat exchanger configuration within a
characterization of a single cavity microwave energy tank-less
water heater.
According to the agreement, the defined timeline allotment and
budget cost fall well within Wanderport's objectives and therefore,
improve the likelihood of completing the product within the
estimated timeframe of fourth quarter 2010. Wanderport's regular
communication with Design 1st Inc. will hasten timeline updates and
facilitate a more precise timetable schedule, which will be amended
and reported accordingly. Wanderport Corporation anticipates no
increase in total shares outstanding to finance the cost this
contractual burden, as funds have been set aside privately and a
percentage should be recovered through a Canadian government
research and development subsidy program.
Design 1st Inc. has appointed Mr. Ian D. Kayser as Project
Manager to oversee the successful completion of the pre-production
unit. Spearheading the assignment is Mr. Bruno Zoccali, an expert
in thermal dynamics and custom cooling/ventilation products. A
partial list of Mr. Zoccali's previous clients includes
Hydro-Quebec, IBM Canada, Scientific Atlanta (Cisco), Positron,
Rolls Royce GTE, Dectron, Flomerics, CAE, and Elcan (Raytheon) to
name a few.
"Working with Design 1st Inc. is certainly accelerating the
process leading to our end product and provides a premise for
converging opinions, that I felt was needed to corroborate my
results," stated Mr. Robert Simoneau, Wanderport Corporation's
Technical Advisor and product Licensor. "Our USA distributor, Mr.
Dave Myers, President of Utility Marketing Concepts Inc., has also
expressed his delight in the opportunity to communicate product
efficiency requirements for his market to Design 1st Inc.," added
Mr. Simoneau.
"We now have an entourage of engineering and industry
professionals working together to complete our product," said
Richard Martel, CEO of Wanderport Corporation. I just can't help
being excited for the future of the company and its valued
investors because the final production phase is in view and the
corporation's enormous growth potential is already locked up
globally through its distributors," concluded Mr. Martel.
About Design 1st
Inc.: Design 1st Inc. is based in Ottawa,
Ontario, Canada, with offices in Toronto, Montreal, Vancouver,
Boston and Los Angeles. The company's product development experts
are some of Canada's most accomplished, with 25 years experience in
mechanical engineering and product development, as well as cost
effective solutions and pre-production unit development. For more
information, please visit Design 1st Inc. at:
www.Design1st.com.
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.
Wanderport Corporation Email Contact:
inquiries@wanderport-ir.com +1 (352) 533-4801
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