CHICAGO, Oct. 18, 2012 /PRNewswire/ -- PowerMag, LLC, a clean-technology company that produces patented and patent-pending devices that produce magnetic heat and provide energy savings and electrical efficiency, announced today that the United States Patent and Trademark Office (USPTO) has awarded the Company a patent (U.S. Patent No. 8,283,615) for a heating device that generates heat through the use of magnetic fields created with the Company's proprietary rotor designs.
In addition to this patent, the Company has additional patents pending for the use of its technology to heat liquids and other inert gases with multiple residential, commercial and industrial device applications.
PowerMag CEO Joseph Wagner said, "The granting of this patent marks a key addition to our intellectual property portfolio in the field of magnetic heating. The patent issuance demonstrates the novelty and utility of our magnetic heating technology."
"PowerMag is proud to be at the cutting-edge of clean-technology innovation, and this patent issuance provides significant validation of the technology that our team is producing," said Doug Mohler, COO. "We will continue to innovate in the field of magnetic heating and electrical demand reduction as we strive to find new ways to reduce electrical consumption for our customers and strategic partners."
PowerMag LLC is a clean-technology company and an emerging leader in the field of magnetic heating and electricity demand reduction devices. The Company's patented and patent-pending devices produce magnetic heat and provide energy savings and electrical efficiency for electric motors and HVAC components. For more information, visit PowerMagLLC.com
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE PowerMag, LLC