WARWICK, RI - November 15, 2013 (investorideas.com newswire) Powerdyne International, Inc. (PWDY), a manufacturing company that builds and leases electrical generation equipment, today announced it will perform an engineering survey for the installation of two of its PDIGensets at Silver City Aluminum Company, Taunton, MA.
The PDIGenset is a self contained generator using a modified radial air cooled aircraft engine to drive a 1-megawatt (MW) generator. The PDIGenset runs on natural gas, propane or almost any gaseous fuel. It is compact, lightweight, clean burning, produces low emissions and is extremely energy-efficient.
Powerdyne will prepare a site plan and other engineering plans and specifications needed for the PDIGenset installation.
Dale Euga, President and CEO of Powerdyne International, Inc., said that once the study is complete, Powerdyne and Silver City Aluminum will work to formalize their agreement with a written Memorandum of Understanding (NASDAQ:MOU). The MOU with the plans and specifications attached are to be used to obtain necessary permits that may be required for the installation of the PDIGensets on the client property, said Euga.
Euga added that elements of the MOU will be transferred to a formal Power Purchase Agreement between PDI and Silver City Aluminum.
About Powerdyne International, Inc.:
Powerdyne International, Inc is a manufacturing company that builds and leases electrical generation equipment including its own portable electrical power generation equipment called PDIGenset (which is patent and trademark pending).
PDIGensets are designed to be installed at virtually any location. The genset is leased and maintained by PDI. Although the company's target customer will typically use its PDIGenset to produce its own primary electrical power, however, the genset is useful in any situation where reliable power is needed.
PDI is founded on the ability to produce primary electrical power using proprietary technology to power electrical generation equipment which makes electricity cheaper than existing means of producing primary electric power. PDI expects that the difference between its cost of generating electricity over its customer's current cost will result in substantial savings to the customer.
For more information on Powerdyne International go to: 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.