LOS ANGELES, Calif., Sept. 12, 2005 (PRIMEZONE) -- Encore Clean Energy, Inc. (OTCBB:ECLN) ("Encore") is pleased to announce that Mr. Jeff DeWeese has joined the company as a member of the Company's Board of Advisors.
Mr. DeWeese recently left GE Wind Energy where he was the Global Supply Chain Finance Manager. In that role Mr. DeWeese served in Salzbergen, Germany and had global financial responsibility for manufacturing and sourcing operations in GE Wind Energy's facilities in China, Germany, Spain, the Netherlands and the United States. Mr. DeWeese also had responsibility for production planning, operational budgeting, supplier qualification and assessment, direct material productivity and global responsibility for direct material project cost estimating and cost accounting. Mr. DeWeese joined GE Wind Energy in 2002 and helped lead the integration efforts of GE processes, procedures and culture, during which time GE Wind grew from $250 million in 2002 sales to $2.3 billion expected in 2005.
Mr. DeWeese's professional affiliations include the American Wind Energy Association, Global Association of Risk Professionals, American Institute of Certified Public Accountants and National Association of Certified Valuation Analysts. Prior to joining General Electric (NYSE:GE), Mr. DeWeese worked with Big 4 and regional consulting practices focusing primarily on corporate transactions and litigation services. He has been recognized as an expert in business valuation and other forms of financial analysis in State courts in Alabama and Florida as well as in U.S. District Court.
Mr. DeWeese stated, "The intermittent nature of wind power has always been an issue to the Utility industry, as often, during peak demand times, the wind may not be blowing when power is needed the most. In addressing this industry-wide problem, Encore's MPG Wind Storage Generator may increase the revenues of both old and new wind farms by enabling them to store the low-priced wind power they produce off-peak at night for sale during peak daytime hours. I believe Encore's MPG has the potential to take wind energy to the next level as a reliable cost-effective alternative to conventional gas and steam turbine products. I look forward to working with Encore Clean Energy as we bring this exciting technology to the industry."
Encore's wind power solution retrofits the MPG linear generator to a conventional wind turbine to produce peak power when it's needed the most. Encore's unique two-step process also harnesses the heat of compression. Utilizing lower priced wind power, produced by the wind turbine during non-peak hours, air is electrically or mechanically compressed at high pressure into storage pipes or tanks located next to, or built inside the wind turbine tower itself. Then, during peak daytime hours when electricity is at its highest price, the wind farm can release that compressed air from storage and expand it through our pressure-driven MPG linear generator to produce electricity on-demand.
Encore CEO Dan Hunter commented, "We are extremely pleased to have an expert in the global wind industry, like Jeff DeWeese. Our retrofit wind energy storage solution should enable wind farm owners to earn the highest prices for the power they generate and give local utilities the kind of peak, on-demand, power availability that utilities pay the most for."
About Encore Clean Energy Inc. -- http://www.encorecleanenergy.com
Encore Clean Energy intends to leverage ownership of its revolutionary low-cost, high-efficiency clean energy technologies to form valuable partnerships with local industrial leaders best positioned to market, sell and profit from the social, economic, environmental and political benefits of its low-cost, high-value, in-demand clean energy-generating products. Encore Clean Energy is currently focusing its corporate efforts on product development of potential breakthrough clean energy technologies which the Company has been researching, developing, prototyping, testing and validating.
This release contains forward-looking statements that are based on the beliefs of Encore's management and reflect Encore's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. When used in this release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward-looking statements. Such statements reflect the current views of Encore with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Encore's technologies, products and services, the actual cost and performance of such technologies and products, the markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements.