New book by Larry Connors Click here Improve your trading - See how
In connection with this press conference, the Company received the following from The Secretary of Industry and Commerce, Lic. Ramon Fadul, and from Octavio Lopez, Director of Mining of the office of the Secretary of State of Industry and Commerce in the Dominican Republic (translated from original Spanish): "Mining competitiveness vs Innovative Clean Energy. "The Secretary of State of Industry and Commerce through the Director of Mining, which shares responsibility with the private sector to develop the national mining industry, has been looking for alternatives to reduce costs, at a time when international markets have been restricted. "Conscious that mining is subject to pricing in a market that it does not control, we understood the critical work in structuring costs, and the fact that mining processes are very sensible to energy costs. We decided to look for alternatives for clean and innovative energy. "For that goal, we signed a Memorandum of Understanding with Sustainable Power Corp., a company located in Texas, USA, who is the holder of clean energy systems. Through several months of tests in this country, we are implementing an electronic system that controls and optimizes the amount of fuel which is consumed by combustion motors, reducing the fuel consumption, with 100% efficiency in its combustion. The system adds autogenerated hydrogen which replaces the saved fuel according to the demand of the motor guaranteeing a result of almost zero CO2 emissions. "The national mining industry will have this system available in order to obtain a guaranteed reduction of 25% of the energy consumption, and which will be able to be installed in all equipment in the system -- heavy equipment, such as shovels, backhoes, tractors, trucks, electrical fire engines, plants, etc, and without concern for the type of fuel or biocombustible that is used, including bunker, fuel oil, diesel fuel, gasoline, natural gas or propane. In addition, this system can be installed in boilers of combustion of coal or biomass for the production of electrical energy. "The reported advantages and benefits from the use of this system are innumerable, the first of which stands out is the reduction in the operating costs of machinery and equipment used in mining. This is complemented by the remediation of emissions with almost zero escaping greenhouse gases. In addition, the system manages to reduce the consumption of lubricants since the combustion temperatures are lower and the coefficient of friction in the combustion chambers is reduced. The system is indestructible and it is possible to be moved from one piece of equipment to another without problem. And most advantageously, the minerals produced with the use of this system can be sold under preferential conditions by our country as a signatory to the Kioto Treaty. "The Secretary of Industry and Commerce, Lic. Ramon Fadul, and the Director of Mining, Ing. Octavio Lopez, are deeply satisfied with the results obtained and with the tests that the will be further realized, hopeful that this can result in tangible benefits for the national mining industry and for the country." [Original Spanish follows:] "Competitividad Minera Vs Energias Limpias Innovadoras "La Secretaria de Estado de Industria y Comercio a traves de la Direccion General de Mineria por las responsabilidades que comparte con el sector privado, de desarrollar la industria minera nacional, ha estado buscando alternativas para reducir los costos, en momentos en que los mercados internacionales han estado constrenidos. "Conscientes de que la mineria es una actividad tomadora de precios de un mercado que no controla, entendimos como punto neuralgico trabajar la estructura de costos, y el hecho de que los procesos mineros son muy sensibles a los costos de la energia, decidimos buscar alternativas de energias limpias e innovadoras. "Para tal fin, firmamos un Memorandum de Entendimiento con la firma Sustainable Power Corp., firma con sede en Texas , USA, que es tenedora de sistemas de energias limpias. A traves de varios meses de pruebas en el pais, estamos implementando un sistema electronico que controla y optimiza la cantidad de combustible que consumen los motores de combustion, reduciendo el consumo de combustible, eficientizando en un 100% su combustion. El sistema adiciona hidrogeno autogenerado como reemplazo del combustible ahorrado ajustado a la demanda del motor garantizando un resultado de casi cero emisiones de CO2. "La industria minera nacional tendra disponible este sistema a fin de obtener una reduccion garantizada de un 25% del consumo energetico, pudiendo instalar a todos sus equipos el sistema. Equipos pesados, como palas, retroexcavadoras, tractores, camiones, motobombas, plantas electricas, etc, sin importar el tipo de combustible o biocombustible que usen, bunker, fuel oil, diesel, gasolina, gas natural o propano. Ademas, este sistema puede ser instalado en calderas de combustion de carbon o biomasa para produccion de energia electrica. "Las ventajas y beneficios que reporta el uso de este sistema son innumerables, siendo lo que primero se destaca, la reduccion en los costos operativos de maquinarias y equipos usados en la mineria. Complementa esto el logro de emision casi cero como remediacion a los escapes de gases de invernadero. El sistema logra ademas reducir el consumo de lubricantes ya que las temperaturas de combustion son mas bajas y se reduce el coeficiente de friccion en las camaras de combustion. El sistema es indestructible y se puede remover de un equipo a otro sin ningun problema. Y lo mas ventajoso es que los minerales producidos con el uso de este sistema pueden venderse bajo condiciones preferenciales por el pais ser signatario de los tratados de Kioto. "El secretario de Industria y Comercio Lic. Ramon Fadul y el Director General de Mineria Ing. Octavio Lopez se sienten profundamente satisfechos de los resultados logrados con las pruebas que se vienen realizando, esperanzados en que esto pueda redundar en beneficios tangibles para la industria minera nacional y para el pais." 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 www.SustainablePowerCorp.us. 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. SOURCE: Sustainable Power Corp. For full details for SSTP click here.
Email Print Archives Feedback Email Article Link
Close X
Most Popular News
UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
Thursday December 3 12:30 PM
* Attendance is strictly limited and are filled on a first-come, first-served basis.
The TradingMarkets Directory
Stocks
Options
Forex
E-mini/Futures
How to Trade
Tools
PowerRatings
Blogs
Premium Subscription Services
RELATED SITES
Please call 1-213-955-5858 ext. 1
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. The Connors Group, Inc. © Copyright 2009 The Connors Group, Inc. All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy. © 2009 The Connors Group, Inc.
|
