Northwest Pipe Company and Lucid Energy Technologies Announce PowerPipe(TM)
June 09 2009 - 8:00AM
Marketwired
Northwest Pipe Company (NASDAQ: NWPX) and Lucid Energy
Technologies, LLP announced today the successful completion of
preliminary testing of a renewable power-generation prototype
called Northwest PowerPipe(TM). The innovative system is designed
for installation in new or existing water transmission pipelines.
When fully developed, Northwest PowerPipe(TM) (patent pending,
worldwide rights reserved) will enable utilities to capture
untapped energy from normal pipeline operations without disrupting
water flow by transforming excess head pressure into electricity.
It is anticipated the systems will be available in 2010.
A version of the Northwest PowerPipe(TM) prototypes will be on
display at the American Water Works Association's Annual Convention
& Exposition June 14-18 in San Diego, California, in Northwest
Pipe Company's exhibit at Booth 2039. Staff from both companies
will be on hand to answer questions and provide information about
their micro hydro technology.
The two companies that joined forces to create the innovative
technology, Northwest Pipe Company and Lucid Energy Technologies,
LLP, are seeking to develop cost effective, alternative,
distributed energy solutions. By combining their extensive
knowledge of turbine design and water transmission, the two
companies expect to bring a revolutionary renewable energy system
to the marketplace.
About Northwest Pipe Company
Northwest Pipe Company manufactures welded steel pipe and other
products in two business segments. Its Water Transmission Group is
a leading supplier of large diameter, high-pressure steel pipe
products that are used primarily for water infrastructure in North
America. Its Tubular Products Group manufactures smaller diameter
steel pipe for a wide range of construction, agricultural, energy,
industrial and mechanical applications. The Company is
headquartered in Vancouver, Washington and has ten manufacturing
facilities across the United States and Mexico.
About Lucid Energy Technologies, LLP
Lucid Energy Technologies, LLP is a clean tech firm in Goshen,
Indiana, focused on the design and commercialization of renewable
energy systems, which generate electricity from wind and water.
Lucid applies its breakthrough technologies in commercial systems,
enabling customers to generate renewable electricity on or near the
point of consumption and brings energy solutions to the
marketplace.
Forward-Looking Statements
This press release contains forward-looking statements regarding
the Northwest PowerPipe project described above. These statements
reflect management's current information about the project
mentioned above and management's current views and estimates of
market opportunities and conditions, the expected completion of the
product development process and the effectiveness and performance
of the final product. Actual results could vary materially from the
description contained herein due to many factors including
technological developments, market demand, competition, challenges
in moving from prototype production to commercial manufacturing,
operating effectiveness and efficiencies, and other risks described
from time to time in the Company's reports to the Securities and
Exchange Commission.
For more information, contact: Brian Dunham 360-397-6250
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