RENW Receives Update From Cm2 on Production of Low Impact Hydro Units
24 10월 2007 - 11:34PM
PR Newswire (US)
TAMPA, Fla., Oct. 24 /PRNewswire-FirstCall/ -- Renewable Energy
Resources, Inc., (OTC:RENW) (BULLETIN BOARD: RENW)
(http://www.renw.com/) announces that its European production and
marketing partner, Cm2 of Terni, Italy, has communicated the status
of production and facilities for RENW's Energy Commander low impact
hydro unit. Cm2 advised that reverse engineering, design out,
material selection, and plans and contracting for production
facilities for build out of the Energy Commander V low hydro energy
unit were now complete. Cm2, through their President and Head of
Engineering, Giovanni Lanari, related that the basic 30 kilowatt
unit was entering the final phase for production from Cm2 which was
expanding its facilities for such production. "We are currently
working on the engineering of the first model which should be ready
in the next couple of weeks," stated Mr. Lanari. "At the same time
due to a recent acquisition and fund injection, we are planning the
production facility for the unit." Cm2 is expanding its renewable
energy production facilities in Italy for solar and waste energy
product production, along with the Energy Commander unit for use in
Italy and for supply to the United States for domestic use.
Contracting orders have already been made for the units production
needs. Cm2 related that they have worked on the "performance and
durability of the energy unit" which is the 12 cylinder rotary unit
that has been enhanced through the addition of more enhanced
materials selected through its engineering process. The unit which
is built to deliver the base of 30 kilowatts from lower pressures,
is being produced by Cm2 in Italy for European use and export to
the United States under a joint venture agreement. The planned ten
unit delivery by Cm2 is the first phase in the production cycle.
Cm2 has identified user placements in Italy for some of the first
units. RENW had built four functioning prototypes, two of which
operated under pressure for years, before the build out of the 12
cylinder radial system which was supplied for final production
engineering and production through Cm2. The 12 cylinder format is
expandable in slices, and under the oversight of Cm2, the unit is
being produced for placement in both natural flows and industrial
settings in both Europe and domestically. RENW plans for a near
term visit to Cm2 for unit production and marketing plans, with
reports on the timelines of production to be given in the short
term. Cm2's production facility is located in Terni, Italy, and
encompasses a large 19,000 sq. meter area. Cm2 manufactures and
produces large industrial electrical components for utilities and
industries across Europe. About Cm2: Cm2 is ISO 9001 certified, and
IQ NET certified for the production, maintenance and installation
of all electrical systems, as well as maintaining certifications in
the same area for quality control. RINA (Italian Air and Shipping
Registry), certifies that Cm2 works in accordance with ISO 9001
quality regulations in the making of the following products -
process - services: Planning, production, installation and
assistance of civil and industrial technological systems for
electric, electronic and mechanical sectors. About Internal Hydro:
Renewable Energy Resources, Inc. is an alternative energy company
that developed a clean energy power system, the Energy Commander
Systems, that utilizes a patented technology, using waste water,
fluid or gas flow from any source where flow pressure is present,
and yet wasted, to create electricity. RENW is involved in the
development of renewable energy projects through acquisitions and
maintaining its core principles of shareholder value, and business
development in the alternative energy market. For more information,
please visit the Company's Web site at http://www.renw.com/.
Forward-Looking Statements: This release contains forward-looking
statements, which are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995.
Expressions of future goals and similar expressions reflecting
something other than historical fact are intended to identify
forward-looking statements, but are not the exclusive means of
identifying such statements. These forward-looking statements
involve a number of risks and uncertainties, including the timely
development and market acceptance of products and technologies,
successful integration of acquisitions, the ability to secure
additional sources of financing, the ability to reduce operating
expenses and other factors. The actual results that the company
achieves may differ materially from any forward-looking statements
due to such risks and uncertainties. The company undertakes no
obligations to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release. DATASOURCE: Renewable Energy Resources, Inc.
CONTACT: Ezra Smith of C. Jones Consulting, +1-727-771-9500 Web
site: http://www.renw.com/
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