Published: October 25, 2005
EPOD Announces Wind Power Storage Pilot Test
EPOD International Inc. (OTC BB: EPOI)
(Frankfurt: EDU.F), a developer of advanced energy management technologies,
announces the Company has entered into a pilot project with Canada's second
largest wind power developer.
The Company has secured a pilot project with Canada's second largest wind
power developer to test EPOD's proprietary power storage system, the EMT.
The EPOD EMT Power Storage System has been developed specifically to store
commercial volumes of electric power for later use or resale. The goal of
the pilot is to utilize the EMT to capture and store up to 100% of wind
power generated during off-peak periods for resale to the power grid during
peak demand. By storing some or all of the wind power generated during
off-peak periods when power prices are at their lowest, users are able to
time the sale of this stored power to peak-periods when power prices may be
ten-times that of off-peak. The storage of wind power in the EMT also
allows wind power developers to offer guaranteed volumes of power at fixed
times, known as 'firm capacity.' The EMT accomplishes this through the use
of the Company's patent-pending power management and power conversion
technology.
"The EMT's ability to turn wind into a guaranteed source of power removes
the single largest obstacle to the mass adoption of commercial wind power,"
said Mark Roseborough, EPOD President.
The Company estimates the worldwide market potential for wind power storage
was approximately US$20 billion in 2005.
"Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995: The statements in this release relating to completion of the sale
are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The completion of this pilot project is
subject to certain other risks and uncertainties detailed from time to time
in the Company's filings with the Securities and Exchange Commission,
including, but not limited to, the Company's 10-KSB for year ended December
31, 2004 filed on or about June 30, 2005, and incorporated herein by
reference.
About EPOD: EPOD International Inc. is a leader in the development of
advanced energy management technologies with real-world market
applications. The Company's patent-pending 'Energy Pod' technology manages
and manipulates electrical energy such that utilization of DC-electric
battery power becomes significantly more efficient. EPOD's patent-pending
and proprietary technologies are applicable to a wide variety of industries
and applications, and are available through licensed OEMs and directly to
end-users.
The Company's filings, including current financial reports, can be accessed
through the EDGAR database at www.sec.gov.
Distributed by Market Wire
Copyright © 2010, MarketWire
Copyright © 2010, NewsBlaze,
Daily News
Tags: ,Energy and Utilities:AlternativeEnergy, EnergyandUtilities:Equipment, EnergyandUtilities:Utilities, Environment:NaturalResourceManagement, ,BC,KELOWNA, BC