WARWICK, RI - August 27, 2013 (Investorideas.com renewable energy stocks newswire) Powerdyne International Inc. (OTCBB:PWDY) of Warwick, Rhode Island and Turning Mill Energy, LLC, of Sandwich, Massachusetts announced that they had formed a strategic relationship to enter the rapidly expanding renewable energy market.
Turning Mill Energy, LLC of Sandwich, Massachusetts, is an engineering procurement contractor that has provided integrated and renewable energy technology services in North America since 2007. Turning Mill Energy focuses on the integration and implementation of turnkey renewable energy technologies.
Dale Euga, President of Powerdyne International, Inc., stated, "Our companies will work together to offer large electrical users independent power generation, on-site. This lowers the user's cost of electricity without incurring expensive capital equipment costs."
Mr. Euga noted that, "The need for distributed electricity, using integrated and balanced technologies, is the key to continuing worldwide commercial growth."
In concert with that vision, Allen Giles, President of Turning Mill Energy, added, "Our companies believe that on-site power generation movement is in its infancy. We have positioned our strategic relationship to take the lead in filling the exploding global demand for energy."
Over the next twelve months, the companies will work together to identify opportunities for significant electrical users such as hospitals, schools, colleges and medium to large manufacturing facilities.
For further information, consult the company website at: http://www.powerdyneinternational.com.
This release may contain "forward-looking statements" that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Powerdyne International, Inc.