PwrCor, Inc. (OTCQB:PWCO), an advanced technology company focusing
on clean, renewable energy solutions for the Waste-Heat-to-Power,
Geothermal, and Solar Thermal markets, has engaged Eaton
Corporation (NYSE:ETN) to design and manufacture a key component of
PwrCor’s proprietary engine technology. The roll-out of the
component is in pace with PwrCor’s Q1 2019 commercialization
program.
The engagement represents a critical milestone enabling PwrCor’s
commercialization of its latest technology efficiency advancements
announced earlier this
year: http://www.pwrcor.com/pwrcor-release-technology-june2618-pdf/
The efficiency advancements resulted as part of PwrCor’s ongoing
research and development program conducted at Southwest Research
Institute (SwRI) in San Antonio, Texas. The increase in
efficiency affords up to 33% additional power output without
requiring additional fuel – which in PwrCor’s case is
ultra-low-grade heat.
The increase in efficiency further expands PwrCor's leadership
in the ultra-low energy conversion market as the economics will now
support a greater range of viable applications.
At the operating temperatures currently being addressed by the
PwrCor technology, the efficiencies projected now exceed that of
other thermodynamic power cycles, including the Rankine Cycle, used
in many applications, as well as the Organic Rankine Cycle used in
Waste-Heat-to-Power, Geothermal, and Solar Thermal power
applications.
Eaton Corporation was selected because of their expertise and
market leadership in hydraulic equipment, specifically pistons. The
customized component that PwrCor engaged Eaton to design and
manufacture is proprietary to PwrCor, and Eaton is slated to be an
exclusive manufacturer.
Tom Telegades, CEO of PwrCor, stated, “Eaton is a leading global
power management company providing energy-efficient products and
services to much of the industrialized world, focused on helping
their customers effectively manage electrical, hydraulic, and
mechanical power. They also are focused on many of the same
markets that PwrCor has identified as strategic to its
commercialization program, including Oil & Gas, Utilities, Data
Centers, and Automotive, to name a few.”
PwrCor’s technology delivers the ability to reduce the overall
cost of energy for power users. Low and ultra-low-grade heat,
which up until now could only be discarded and wasted, can be
cost-effectively utilized to generate electrical power, providing
cost savings and improving bottom line performance.
PwrCor is currently engaged in discussions with leading
companies in such industries as fuel cells and reciprocating
engines, and on additional project initiatives in oil and gas,
solar thermal, and data centers, all of which have enormous amounts
of wasted ultra-low-grade heat that can now be converted to
additional power, contributing to higher profits. Our
technology cost-effectively converts heat to mechanical power or
electricity, and represents a breakthrough for those businesses
which can now profit from converting wasted heat into electrical
power.
About the TechnologyPwrCorTM engines use
proprietary technology that can cost effectively convert
ultra-low-grade heat to usable mechanical or electrical energy,
opening up an immense market representing hundreds of gigawatts of
potential power production. This is wasted energy that
previously could not be economically harnessed as usable power by
competing technologies. PwrCor's breakthrough technology can
change the profile of how energy is created and consumed in markets
around the globe, and can be used in place of or in conjunction
with most existing technologies. PwrCorTM is a
completely ‘green’ technology that uses no fossil fuels, does not
operate via combustion, has no emissions, and does not process any
working fluids that are flammable, harmful to the environment, or
costly to replace. PwrCorTM is scalable, modular, and
runs relatively silently, all within a small footprint.
About PwrCor, Inc.PwrCor, Inc., is an advanced
technology company that specializes in renewable energy, offering
advanced cleantech solutions for the Waste-Heat-to-Power,
Geothermal, and Solar Thermal markets, as well as other applicable
markets. PwrCor is also focused on energy infrastructure
development projects and delivering cleantech energy solutions to
commercial and not-for-profit customers. Please
visit www.pwrcor.com for additional information.
About Eaton CorporationEaton is a power
management company with 2017 sales of $20.4 billion. Eaton provides
energy-efficient solutions that help its customers effectively
manage electrical, hydraulic and mechanical power more efficiently,
safely and sustainably. Eaton is dedicated to improving the quality
of life and the environment through the use of power management
technologies and services. Eaton has approximately 96,000 employees
and sells products to customers in more than 175 countries. Visit
www.eaton.com for additional information.
About Southwest Research InstituteSouthwest
Research Institute is an independent, nonprofit, applied
engineering and physical sciences research and development
organization using multidisciplinary approaches to problem solving.
The Institute occupies 1,200 acres in San Antonio, Texas, and
provides more than 2 million square feet of laboratories, test
facilities, workshops, and offices for nearly 2,600 employees who
perform contract work for industry and government clients.
Visit http://www.swri.org for additional information.
Safe Harbor Forward-Looking StatementWith the
exception of the historical information contained in this release,
the matters described herein contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements involve unknown risks and
uncertainties that may individually or mutually impact the matters
herein described for a variety of reasons that are outside the
control of the Company, including, but not limited to, its ability
to raise sufficient financing to implement its growth strategy, and
its ability to successfully develop and commercialize its
proprietary products. Readers are cautioned not to place undue
reliance on these forward-looking statements as actual results
could differ materially from the forward-looking statements
contained herein. Readers are urged to read the risk factors set
forth in the Company's most recent reports on Forms 10-K, 10-Q,
8-K, Schedule 14A and other filings made with the SEC. Copies of
these reports are available from the SEC's
website, www.sec.gov, or without charge from the
Company. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Actual
results could differ materially from those anticipated in these
forward-looking statements, if new information becomes available in
the future.
Company Contact: Thomas Telegades, CEO 212-796-4097
ttelegades@pwrcor.com
Source: PwrCor, Inc.
Eaton (NYSE:ETN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Eaton (NYSE:ETN)
Historical Stock Chart
From Sep 2023 to Sep 2024