Final Procurement Approved for Wanderport's Microwave Energy Tankless Water Heater
March 31 2011 - 1:30PM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) today announced that
procurement authorization has been granted and approved for the
remaining equipment and provisions, which were quoted by
engineering and design partners for its microwave energy tankless
water heater (MHU).
In conjunction with said engineering and design partners, the
Company is well within the end process of procurement in order to
complete the single cavity MHU.
"This is significant because the pieces of the puzzle are
finally coming together and it symbolizes the transition of my long
held vision into reality," said Robert Simoneau, Wanderport's
Technical Advisor and Product Licensor.
The procurement list includes the advanced heat exchanger unit
fabricated using a ceramic type material and customized to exact
specifications. This unique enclosure or chamber was designed using
thermal dynamic techniques and forms an integral and key component
of the baseline single cavity unit. Other items include the metal
enclosure, tubes and fittings for plumbing and some miscellaneous
items.
"This juncture has been long awaited, as we take the final steps
to producing the MHU expected this April 2011. Proceeding with a
single cavity 'point of use' MHU provides a premise to evaluate the
function of our product prior to expansion toward a 'Point of
Entry' MHU," said Wanderport's CEO, Richard Martel. "Suddenly, the
immense 'point of use' revenue steam is within sight, while we
anticipate preparations toward a 'Point of Entry' MHU and the
considerable market it represents," further added Mr. Martel.
About Wanderport Corporation: Wanderport
Corporation holds the rights to Pulsar's microwave energy tankless
water heater through its exclusive Licensing agreement. 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 tankless water
heater. Wanderport Corporation is a business development
company making investments and acquiring licenses of products and
technologies that deploy "Green" environmentally friendly
alternatives which reduce water and energy consumption as well as
global dependence on oil.
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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