Wanderport Forges Ahead of Schedule
February 22 2010 - 3:57PM
Marketwired
Wanderport Corp. (PINKSHEETS: WDRP) announced today that it is
moving quicker than expected towards production. Due to an
overwhelming number of information requests, Wanderport continued
efforts to respond to the many queries and provide transparency to
its valued shareholders by releasing this information statement
concerning product and pricing, production deliverables,
distribution deal flow and technical questions.
Product development and pricing -- Wanderport intends to provide
various product models ranging from point of entry and point of use
to an eventual industrial model. The point of entry model would be
one that is for the entire household and would be capable of
providing enough hot water for simultaneous multiple use depending
on regional water pressure available. Wanderport's unit price is in
the vicinity of $450 USD for resale by distributors at a retail
price to be determined.
Deliverables -- Despite scheduling constraints due to the
Chinese New Year, Wanderport is very excited to confirm the water
cooled magnetrons are ready for review and approval. Furthermore,
the company has confirmed the controller module is being outsourced
and will soon be expedited to Gold Phoenix Technologies Ltd. to
complete the electronic assembly under the watchful eye of the
Robert Simoneau, Wanderport's Head of Technical and Product
Development and Mr. Gavin Ovens, President and CEO of Gavin Ovens
Holdings PTY LTD Australia. They are travelling to Asia to complete
and review the assembly of the product and assure that funding is
in place for assembly to be done in a timely manner. The company is
targeting early March for delivery of the pre-market units.
Sales contracts and deal flow -- In the past week Wanderport has
announced enormous sales and distribution contracts with Australia,
Italy and Turkey and alluded to an imminent US distribution
agreement. The agreement with Australia's Gavin Ovens Holdings PTY
LTD resulted following Pulsar's receipt of the T.I.P.T.A Award and
Mr. Simoneau was flown to Australia to hold contractual discussions
and complete due diligence. Mr. Ovens is an engineer by trade with
a water treatment and mining background. He and his qualified
partners are keen about their opportunity to finally commercialize
the product as they share the same belief as our Italian and
Turkish distributors that Wanderport's proprietary water heating
eco-friendly technology will most likely reach its goal of one
percent of overall annual water heater sales within the first few
years of distribution. Wanderport is continuing due diligence
towards a sales and purchase agreement with a large US water heater
distributor. The US Company has already made available third party
assembly, packaging and inventory facilities in their region and
confirmed that a technical arm of the National Rural Electrical
Association would like to conduct test on the unit to shore up
green energy efficiency claims for their members. In addition,
another American company funded by the US government has offered to
produce written publishable comparables and to seek all the
necessary industry standard approvals for the unit including UL and
other certifications for Wanderport. Questions ranging from
liability insurance, concealed damage and warranty trouble shooting
guide and owners' manuals, to specification data sheets and product
marketing and dealer representative budgets remain to be
determined.
Technical -- The microwave energy tank-less water heater is run
on electricity without the need for heating elements. Because this
product may be sold in many countries, regional jurisdictions'
respective plumbing standard dictate technical requirements
according to the required fittings and operating frequencies for
each of these standards. For example, regardless of the fact that
there is no build-up of pressure within the unit, pressure valves
and anti-scolding mechanisms will be installed to comply with
regional plumbing standards for each commercial market. The product
licensor has advised Wanderport to proceed with extreme caution to
purposely protect the detailed specifications of the product.
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 innovation in product or technology
development, or its application of its 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.
Copyright 2009 PR Newswire, Inc., All rights reserved.
-0- SUBJECT CODE: Computers and Software: Internet - Home
Appliances Alternative "Green" Energy Consumption Savings -
Telecom: Wireless - Environment: Regulations and Law - Energy and
Utilities
Contact Wanderport Corporation at: For more information:
www.wanderport-ir.com Email: inquiries@wanderport-ir.com +1 (917)
338-7957
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