GeoBio Energy, Inc. Announces Flagship Offering of Natural Gas Equipment Product, the maxiElcor - a Complete Solution for Custody Transfer Measurement and Telemetric Data Collecting
SEATTLE, Dec. 4, 2012 /PRNewswire/ -- GeoBio Energy, Inc., a Colorado corporation (OTCBB: GBOE) ("GeoBio"), today announced that its wholly-owned subsidiary, El Gas North America, LLC ("El Gas NA"), has made available for sale to utilities and related consumers the maxiElcor. The maxiElcor is the only Electronic Gas Volume Corrector (cash register for the gas utility) available that can stand alone in the field for up to 5 years (no maintenance needed) and manage and report remotely specific activity related to the transfer and delivery of natural gas. The maxiElcor is utilized for commercial, industrial, pipeline and production application and corrects for actual gas flow, temperature, pressure correction and supercompressability.
Monitoring and managing the distribution and use of natural gas is an increasingly critical function for all parties involved. Accordingly, GeoBio believes devices that deploy state-of-the-art technology, like the maxiElcor, are more desirable, efficient and more likely to gain market acceptance. The maxiElcor has the following features and advantages over its competitors:
- Single or dual channel gas volume corrector. This can be used for 1 or 2 gas meters – Our competitors can only accommodate 1 channel;
- Integrated communications (cell, FM or hardwire modem) – Our competitors have a costly second box, solar panel, and gel cell battery;
- Designed for hazardous areas – UL913, ATEX Zone 0, 1, and 2 - Our competitors only have CSA;
- Battery lifetime up to 10 years – Our competitors' battery lifetime is only 4 years;
- Typical error under reference conditions <0.15% of measured value – Our competitors' products can measure +/- 0 .5% of full scale;
- Graphic LCD display with backlighting – Our competitors are 7 segment Alpha-mnemonic LCD;
- A potential third pressure and temperature reading – Our competitors do not have this feature;
- Additional analog inputs – Our competitors' products are very costly and have only 1 input or output (not both); and
- Microsoft Windows compatible software – Our competitors are not compatible with all Windows versions.
"The advantage of the El Gas NA products is that our competitors do not offer flexibility and low power in the same package, with a proven worldwide track record of over 50,000 field installations. Our products run on 1 D-cell battery for up to 6 years, can be field configured (mechanically and programmed) and have more input/output. The ease of installation, flexibility and simple operation coupled with lower initial cost to the customer makes El Gas NA an unquestionable choice," said Mark Cangany, President of El Gas North America, LLC.
About GeoBio Energy:
GeoBio Energy's business model emphasizes the development, acquisition and operation of existing companies in the oil and gas services and energy related products industry. As oil and gas exploration continues in the face of ever rising demand, facilitating delivery of oil and gas, monitoring and maintaining drilling sites to obtaining peak efficiency and production from existing, new and aging wells becomes increasingly important. GeoBio believes this to be a significant growth opportunity in its strategy to combine and consolidate companies in the oil and natural gas services sector. GeoBio's subsidiary, El Gas North America, LLC, has an exclusive license to sell Czech Republic based El Gas NA s.r.o.'s natural gas electronic volume corrector (EVC) and electronic data recorder (EDR) products in the United States, Canada, Mexico and the Caribbean, which products provide for the efficient monitoring and delivery of natural gas to consumers. Visit GeoBio's web site: www.geobioinc.com
Safe Harbor Statement:
This Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as GBOE "expects," "should," "believes," "intends," "anticipates" or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties including the financial performance of GBOE, which could cause actual results, performance or achievements of GBOE to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. GBOE disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Risks particularly associated with our current business include, but are not limited to the risks associated with our ability to (i) obtain the necessary financing to complete our prospective acquisitions and other targeted companies and to finance our current operations, (ii) generate sufficient revenue and obtain profitability, (iii) obtain additional financing as needed, (iv) manage changes in general economic and business conditions (both generally and in the natural gas and oil services and the energy industry), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) identify and manage risks in connection with acquisitions (viii) evaluate and effect the level of demand and market acceptance of our services and (ix) make necessary changes to our business strategies.
SOURCE GeoBio Energy, Inc.
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