NEW YORK, Dec. 12, 2018 (GLOBE NEWSWIRE) -- PwrCor, Inc. (OTCQB:PWCO), an advanced technology company focusing on clean, renewable energy solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, has engaged Eaton Corporation (NYSE:ETN) to design and manufacture a key component of PwrCor’s proprietary engine technology. The roll-out of the component is in pace with PwrCor’s Q1 2019 commercialization program.
The engagement represents a critical milestone enabling PwrCor’s commercialization of its latest technology efficiency advancements announced earlier this year: http://www.pwrcor.com/pwrcor-release-technology-june2618-pdf/
The efficiency advancements resulted as part of PwrCor’s ongoing research and development program conducted at Southwest Research Institute (SwRI) in San Antonio, Texas. The increase in efficiency affords up to 33% additional power output without requiring additional fuel – which in PwrCor’s case is ultra-low-grade heat.
The increase in efficiency further expands PwrCor's leadership in the ultra-low energy conversion market as the economics will now support a greater range of viable applications.
At the operating temperatures currently being addressed by the PwrCor technology, the efficiencies projected now exceed that of other thermodynamic power cycles, including the Rankine Cycle, used in many applications, as well as the Organic Rankine Cycle used in Waste-Heat-to-Power, Geothermal, and Solar Thermal power applications.
Eaton Corporation was selected because of their expertise and market leadership in hydraulic equipment, specifically pistons. The customized component that PwrCor engaged Eaton to design and manufacture is proprietary to PwrCor, and Eaton is slated to be an exclusive manufacturer.
Tom Telegades, CEO of PwrCor, stated, “Eaton is a leading global power management company providing energy-efficient products and services to much of the industrialized world, focused on helping their customers effectively manage electrical, hydraulic, and mechanical power. They also are focused on many of the same markets that PwrCor has identified as strategic to its commercialization program, including Oil & Gas, Utilities, Data Centers, and Automotive, to name a few.”
PwrCor’s technology delivers the ability to reduce the overall cost of energy for power users. Low and ultra-low-grade heat, which up until now could only be discarded and wasted, can be cost-effectively utilized to generate electrical power, providing cost savings and improving bottom line performance.
PwrCor is currently engaged in discussions with leading companies in such industries as fuel cells and reciprocating engines, and on additional project initiatives in oil and gas, solar thermal, and data centers, all of which have enormous amounts of wasted ultra-low-grade heat that can now be converted to additional power, contributing to higher profits. Our technology cost-effectively converts heat to mechanical power or electricity, and represents a breakthrough for those businesses which can now profit from converting wasted heat into electrical power.
About the Technology
PwrCorTM engines use proprietary technology that can cost effectively convert ultra-low-grade heat to usable mechanical or electrical energy, opening up an immense market representing hundreds of gigawatts of potential power production. This is wasted energy that previously could not be economically harnessed as usable power by competing technologies. PwrCor's breakthrough technology can change the profile of how energy is created and consumed in markets around the globe, and can be used in place of or in conjunction with most existing technologies. PwrCorTM is a completely ‘green’ technology that uses no fossil fuels, does not operate via combustion, has no emissions, and does not process any working fluids that are flammable, harmful to the environment, or costly to replace. PwrCorTM is scalable, modular, and runs relatively silently, all within a small footprint.
About PwrCor, Inc.
PwrCor, Inc., is an advanced technology company that specializes in renewable energy, offering advanced cleantech solutions for the Waste-Heat-to-Power, Geothermal, and Solar Thermal markets, as well as other applicable markets. PwrCor is also focused on energy infrastructure development projects and delivering cleantech energy solutions to commercial and not-for-profit customers. Please visit www.pwrcor.com for additional information.
About Eaton Corporation
Eaton is a power management company with 2017 sales of $20.4 billion. Eaton provides energy-efficient solutions that help its customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 96,000 employees and sells products to customers in more than 175 countries. Visit www.eaton.com for additional information.
About Southwest Research Institute
Southwest Research Institute is an independent, nonprofit, applied engineering and physical sciences research and development organization using multidisciplinary approaches to problem solving. The Institute occupies 1,200 acres in San Antonio, Texas, and provides more than 2 million square feet of laboratories, test facilities, workshops, and offices for nearly 2,600 employees who perform contract work for industry and government clients. Visit http://www.swri.org for additional information.
Safe Harbor Forward-Looking Statement
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve unknown risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, its ability to raise sufficient financing to implement its growth strategy, and its ability to successfully develop and commercialize its proprietary products. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's most recent reports on Forms 10-K, 10-Q, 8-K, Schedule 14A and other filings made with the SEC. Copies of these reports are available from the SEC's website, www.sec.gov, or without charge from the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.
Thomas Telegades, CEO
Source: PwrCor, Inc.