Published: March 23, 2009
Sustainable Power Corp. CEO Update
Sustainable Power Corp. (PINKSHEETS: SSTP)
presented the following communication from its President and Chief
Executive Officer, M. Richard Cutler:
SHAREHOLDERS AND INVESTORS OF SUSTAINABLE POWER CORP.
Without a doubt it is again time to update our shareholders and investors
as to the progress and results for Sustainable Power Corp. During my brief
tenor as President and CEO, I have seen SSTP make amazing advancements in
both its existing and new technologies and its business relations. I hope
you appreciate the work which our team completed in preparing and filing
our Form 10 Registration Statement with the SEC, to help make our
operations and finances transparent to the investor community and with the
objective of making us a fully reporting company. We are currently working
through our 2008 year end financials in preparation for our next filing.
We are working around the clock to reach our objectives in our business
relations and core technologies.
Dominican Republic
Watch for announcements in the next few days (yes days) on our amazing
business relationships with this vibrant and progressive country. Given
the ease with which we can implement all of our core technologies with the
encouragement of key government officials, and the 100% financing for all
ventures which our key business partners will provide, we simply cannot
ignore this opportunity. I have visited extensively with key government and
business leaders in the Dominican Republic who share our vision for green
technologies. Without a doubt, this will be our first major source of
revenue and funding.
Vertroleum(TM) Biofuels and Electricity
Our principal focus continues to be the production of Vertroleum(TM)
biofuels for the production of electricity. We now possess everything we
need to create a revolutionary group of solid, liquid, and gaseous biofuels
and enormous amounts of biochar, now acclaimed by scientists as essential
to reverse global warming and restore barren lands to agricultural use. The
feedstocks used to produce these products include, but are not limited to,
agricultural waste, human and animal wastes, numerous types of vegetation
or biomass, algae, automotive "fluff" or waste from auto recycling, and
municipal solid waste (MSW) for which we receive tipping fees as a waste
processor. Generation of electricity from MSW feedstock is our primary
goal.
Emissions Remediation Systems
In connection with our research on the improvement of engine and electric
generator technology, we have developed a "hydrogen on demand" technology
which we have dubbed our "Emission Remediation System." This computerized,
cell produces hydrogen from a mixture of catalyst and water. Our testing
shows this technology to (i) substantially improve fuel consumption
mileage, (ii) substantially improve overall engine horsepower and (iii)
essentially remediate the toxic gases in engine exhaust because of overall
improved fuel burn. SSTP owns 50% of this technology in conjunction with
other joint venture partners who brought us this valuable technology. When
implemented in generator engines in conjunction with our biofuels, we can
vastly improve the overall cost of production of electricity which provides
amazing advantages over current technology. This product is currently in
final stages of implementation and SALES both in some key United States
markets as well as with our Dominican Republic partners.
Sustainable Produce Corp.
As previously announced, Sustainable Produce has an exclusive license for
the Angel Eyes Produce technology throughout the world. SSTP owns 90% of
the rights to Sustainable Produce in the United States and is the final
stages of construction of our demonstration facility in Baytown, Texas.
This technology produces 100% organic produce grown in a pathogen free,
highly nutritious, non-GMO vegetables, indoors in living, bioactive soils,
365/24/7, regardless of weather. By creating highly controlled, optimal,
environments we can grow unprecedented amounts of food in a fraction of the
space required outdoors. This technology can be implemented in the driest
desert or the coldest climate. We should begin receiving revenues from our
demonstration facility within 90 days and intend to substantially increase
production capacity. We have received serious interest in this technology
from numerous partners, and as will be announced shortly, is already
underway with one of our key Dominican Partners.
With financing at the ready, Sustainable Power Corp. stands prepared to
move forward with these key technologies to push our world towards a
greener environment while working for our shareholders. We continue to
worked to eliminate distractions and focus our energy on the Company's
successes and future. Together with you our investors we can help change
the world by making energy and dependence on foreign sources a thing of the
past.
/s/ M. Richard Cutler, President and Chief Executive Officer
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy total service
provider focused on environmentally safe power generation. The company has
the exclusive rights in the United States to develop and manage a portfolio
of green energy plants utilizing a renewable fuel source able to be
produced from non-food feed stock. For more information please visit
.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or achievements
could differ materially from those contemplated, expressed or implied by
the forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and are
subject to a number of risks and uncertainties. These include, but are not
limited to, risks and uncertainties associated with: the impact of
economic, competitive and other factors affecting the Company and its
operations, markets, product, and distributor performance, the impact on
the national and local economies resulting from terrorist actions, and U.S.
actions subsequently; and other factors available from the Company.
Copyright © 2012, MarketWire
Copyright © 2012, NewsBlaze,
Daily News