QED Connect's Partner, Sofame, Gains Technology Recognition Through U.S. Department of Energy (DOE) Initiative: ISO 50001
MANCHESTER, N.H., June 29, 2011 /PRNewswire/ -- QED Connect, Inc. (OTC: QEDN), a New York corporation ("QED Connect"), today announced that its partner in Sofame Energy, Sofame Technologies Inc. ("Sofame Technologies") (TSXV: SDW), sees a growing demand for its award-winning industrial heat reclaim systems and ultra-efficient water heating technologies. The Sofame Percotherm®'s performance metrics, in its managements' opinion, are among the best in the industry, offering more than 95% gas-to-hot-water efficiency, condensation technology and 140 degrees F leaving water temperature.
The U.S. Department of Energy (DOE) has recognized the new worldwide standard to help organizations save money in commercial and industrial facilities by using less energy. Sofame management contends that even before the DOE judged it consistent with U.S. energy policy and strategy, American interest in ISO 50001 was growing steadily. Sofame Energy's product line developed over the last twenty years enables companies and institutions to meet this trend.
In other moves to encourage adoption of energy efficient equipment, the DOE is developing and disseminating a portfolio of energy-management resources to help facilities implement ISO 50001. The DOE's Industrial Technologies Program and Building Technologies Program are supporting implementation of ISO 50001 through Superior Energy Performance, a voluntary certification program that is expected to launch for industry in 2012 and later expand to commercial buildings. The implementation of ISO 50001 is also being coordinated through the DOE's Federal Energy Management Program and Clean Energy Ministerial, a global forum accelerating the transition to clean energy technologies including those offered by Sofame Energy, Inc.
According to Tom Makmann, QED's President and CEO, "Multiple regulations affecting boilers such as ASHRAE Standards 155P relating to heating system and boiler efficiency and 90.1-2010 relating to building energy efficiency, are raising the bar, and this favors Sofame's industrial Percomax® and Percotherm® water heaters. ISO 50001 is a global benchmark that Sofame's equipment can easily meet and exceed. Sofame, to our understanding, is currently finalizing several contracts with major companies and universities and expects, but cannot guarantee, to realize several million in orders over the next 6 months."
About QED Connect, Inc.
QED Connect, Inc. is a New York corporation holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company seeks businesses with strong potential which QED can assist in achieving their plans and realizing their maximum potential. This business model achieves the Company's goals and expands its overall revenue and profits and diversifies through entry into the multiple market segments. It is QED's intention to help its partners and subsidiaries realize growth, and that growth would, in turn, enhance QED's ability to increase shareholder value. www.qedconnect.com
About Sofame Technologies Inc.
Sofame Technologies Inc. custom engineers and manufactures unique, high-efficiency direct-contact industrial hot water systems which extract up to 99 percent of heat from flue gases depending on the application, and return the energy in the form of hot water or pre-heated make-up air. Sofame's products help hospitals, food processing plants, universities, central heating plants, utilities and many more large energy consumers to significantly reduce fuel costs and greenhouse gas emissions. Using world-leading, patented green technology, Sofame serves industrial, institutional and commercial markets through a network of dedicated engineering representatives. For more information: www.sofame.com
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Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED Connect, Inc., (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund QED's overall expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its Joint Venture with Sofame and to fund QED's growth, generally ; (iii) successfully obtain and fill potential Joint Venture product orders; (iv) generate sufficient revenue and efficiently manage operations to obtain profitability ; (v) competitive factors and developments beyond the Company's control; and (vi) other risk factors.
SOURCE QED Connect, Inc.