WARWICK, RI, Nov 15, 2013 (Marketwired via COMTEX) --Powerdyne International, Inc. PWDY, -2.00%, a manufacturing companythat builds and leases electrical generation equipment, todayannounced it will perform an engineering survey for the installationof two of its PDIGensets at Silver City Aluminum Company, Taunton,MA.
The PDIGenset is a self contained generator using a modified radialair cooled aircraft engine to drive a 1-megawatt (MW) generator. ThePDIGenset runs on natural gas, propane or almost any gaseous fuel. Itis compact, lightweight, clean burning, produces low emissions and isextremely energy-efficient.
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Powerdyne will prepare a site plan and other engineering plans andspecifications needed for the PDIGenset installation.
Dale Euga, President and CEO of Powerdyne International, Inc., saidthat once the study is complete, Powerdyne and Silver City Aluminumwill work to formalize their agreement with a written Memorandum ofUnderstanding (MOU). The MOU with the plans and specificationsattached are to be used to obtain necessary permits that may berequired for the installation of the PDIGensets on the clientproperty, said Euga.
Euga added that elements of the MOU will be transferred to a formalPower Purchase Agreement between PDI and Silver City Aluminum.
About Powerdyne International, Inc.:
Powerdyne International, Inc (www.PowerdyneInternational.com) is amanufacturing company that builds and leases electrical generationequipment including its own portable electrical power generationequipment 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'starget customer will typically use its PDIGenset to produce its ownprimary electrical power, however, the genset is useful in anysituation where reliable power is needed.
PDI is founded on the ability to produce primary electrical powerusing proprietary technology to power electrical generation equipmentwhich makes electricity cheaper than existing means of producingprimary electric power. PDI expects that the difference between itscost of generating electricity over its customer's current cost willresult 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 withinthe safe harbor provisions of the Private Securities LitigationReform Act of 1995. These forward-looking statements reflect theCompany's current expectations about its future plans andperformance, including statements concerning the impact of marketingstrategies, new product introductions and innovation, deliveries ofproduct, sales, earnings and margins. These forward-lookingstatements rely on a number of assumptions and estimates which couldbe inaccurate and which are subject to risks and uncertainties.Actual results could vary materially from those anticipated orexpressed in any forward-looking statement made by the Company.Please refer to the Company's most recent Form 10-K and subsequentfilings with the Securities and Exchange Commission for a furtherdiscussion of these risks and uncertainties. The Company disclaimsany obligation or intent to update the forward-looking statements inorder to reflect events or circumstances after the date of thisrelease.
SOURCE: Powerdyne International, Inc.
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