TAMPA, Fla., Nov. 28, 2005 (PRIMEZONE) -- Internal Hydro International Inc. (OTCBB:IHDR) (www.InternalHydro.com) will be hosting the head of its European partner Cm2, Cm2 production personnel, and related domestic engineers in Tampa for a final unit production conference this week. Also present will be European financial representatives who represent the investment banking interest behind the Cm2 unit production and marketing plan for Europe.
The conference will center on the final plans for unit manufacturing and unit deployment of the new radial cylinder system. Final unit production designs and prototypes will then be taken to Italy under Cm2's control. The final production phase will be taking place under the control of Cm2 in Italy, with the first item units to be shared between domestic U.S. placement and placement in Europe at pre-designated sites in both locations. The energy units utilize the radial system, for low head hydro pressure of 65 psi, for the creation of 30 kilowatts of constantly available energy, through natural and industrial flows.
IHDR had previously announced the partnership with Cm2, a producer and supplier of electrical systems for European utilities and industrial users. Under the joint venture agreement with IHDR, Cm2 expects to place as many as 600 units in the first year, as well as delivery for domestic U.S. distribution. Under the agreement IHDR shall receive approximately 35% of revenue plus approximately $2,500 per unit produced for European use.
About Internal Hydro
Internal Hydro International, Inc. is an alternative energy company that developed a clean energy power system, the Energy Commander Systems, that utilizes a patented technology, using waste water, fluid or gas flow from any source where flow pressure is present, and yet wasted, to create electricity. Internal Hydro has grown into a multi national enterprise with international contracts spanning over three continents. Internal Hydro is well positioned to gain major market share and dominate the niche of hydro energy in the fragmented alternative energy marketplace. For more information, please visit the Company's Web site at www.InternalHydro.com
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.