KELOWNA, British Columbia, Oct. 25, 2005 (PRIMEZONE) -- EPOD International Inc. (OTCBB:EPOI) (Frankfurt:EDU), a developer of advanced energy management technologies, announces the Company has entered into a pilot project with Canada's second largest wind power developer.
The Company has secured a pilot project with Canada's second largest wind power developer to test EPOD's proprietary power storage system, the EMT. The EPOD EMT Power Storage System has been developed specifically to store commercial volumes of electric power for later use or resale. The goal of the pilot is to utilize the EMT to capture and store up to 100% of wind power generated during off-peak periods for resale to the power grid during peak demand. By storing some or all of the wind power generated during off-peak periods when power prices are at their lowest, users are able to time the sale of this stored power to peak-periods when power prices may be ten-times that of off-peak. The storage of wind power in the EMT also allows wind power developers to offer guaranteed volumes of power at fixed times, known as 'firm capacity'. The EMT accomplishes this through the use of the Company's patent-pending power management and power conversion technology.
"The EMT's ability to turn wind into a guaranteed source of power removes the single largest obstacle to the mass adoption of commercial wind power," said Mark Roseborough, EPOD President.
The Company estimates the worldwide market potential for wind power storage was approximately US $20 billion in 2005.
L. Mark Roseborough President EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the sale are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The completion of this pilot project is subject to certain other risks and uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2004 filed on or about June 30, 2005, and incorporated herein by reference.
About EPOD: EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEMs and directly to end-users.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.