NEW YORK, Nov. 15, 2012 /PRNewswire/ -- Wanderport Corp. (OTC Markets-PINKSHEETS: WDRP) today provided a statement by Mr. Robert Simoneau, Wanderport's Technical Advisor and Product Licensor, concerning the release of independent laboratory performance efficiency results on the multi-cavity microwave heating unit (MCMHU):
"Today being the company's voluntary target date to release the MCMHU's independent laboratory performance efficiency results, I am providing a summary of events which took place during 'in-house' testing leading to the company's decision to delay the release of said results, as well as a video demonstrating the operational unit's capacity to increase water temperature (delta). Prior to leaving abroad, I met with Intertek Group plc to review the prototype MCMHU and discuss testing protocol including required safety precautions and to agree on a set Intertek lab date. I then, proceeded to run new tests on the assembled MCMHU to establish functionality with the intention of bringing it to the lab for testing. At the request of the company I also recorded the operational unit in video format. In this video I was able to achieve and document a 50 degree centigrade output with an approximate and significant 30 degree delta (when I had surpassed 50 degree centigrade output temperature I terminated the test). However, during the test I noticed that not all magnetrons were firing and this was something that I wanted to investigate further prior to Intertek lab testing. Thereafter, and due to time and other constraints, I requested the postponement of two subsequently scheduled Intertek testing appointments which had been re-scheduled to allow for residual work to be completed on the unit specifically relating to the non-functioning magnetrons. In addition, I also chose to incorporate a modification in the testing protocol that would allow us to definitely prove scalability. This unfortunately has delayed us past this week's targeted date. That said, I have now continued the modification with the materials on hand by removing the drivers from the enclosure to allow me to identify the output wiring in order to eliminate any misfiring of the water cooled magnetrons. Furthermore, I have since finished other lab modifications and proceeded to reconstruct and test the MCMHU. With these adjustments I am convinced that the data to be collected at Intertek will take on greater significance to clearly illustrate the heat engine's scalability in terms of flow rate, delta and amperage draw by allowing for individual, combined and sequential firing of the magnetrons as determined manually. As a result, I am pleased to be shortly re-confirming a testing date at Intertek's Laboratory without delay, where this new protocol will further validate the unique microwave energy tank-less water heater's performance efficiency results. With this being said, I am hopeful that Wanderport will have a video to demonstrate a functioning unit and performance efficiency results on or before December 6, 2012."
About Intertek Group plc:
For more than 127 years, companies around the world have depended on Intertek to ensure the quality and safety of their products, processes and systems. Intertek helps companies to develop and maintain trust and integrity in their products and processes, delivering quality solutions that meet or exceed industry requirements and regulatory standards. Intertek holds extensive global accreditations, recognitions, and agreements allowing certification for virtually every market in the world. Intertek Group plc is a publicly listed company that trades on the London Stock Exchange under stock code ITRK.L in the FTSE 100. Intertek has more than 30,000 people in over 1,000 locations serving clients in more than 100 countries. In March 2012, Intertek Group reported annual revenue of over 1.7 billion pounds Sterling for the 2011 financial year and had a market capitalization of 4 billion pounds Sterling. For more information, please visit: www.intertek.com
About Wanderport Corporation:
Wanderport Corporation is a publicly traded company which acquired the global exclusive licensing, distribution and proprietary rights to a unique microwave energy tank-less water heater solution. The company has been dedicated to converting the technology into a marketable eco-friendly, efficient product. Wanderport's objective is to build a sound and profitable company by marketing and distributing the world's first revolutionary alternative to existing less-efficient water heating systems. The proprietary heat engine technology was the proud recipient of the 2005 TIPTA award (TCA; Toronto Construction Association, Innovative Product and Technology Award), awarded by the National Research Council of Canada recognizing excellence in product innovation and technology development.
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Statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services to be offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating efforts. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release. These statements are predictions and involve known and unknown risks, uncertainties and other factors, including the risk that Wanderport Corporation cannot execute its business plan for lack of capital or other resources, distribution, licensing/acquisition opportunities or internal partnering issues or restructuring/resignation which may modify existing licensing agreement, arrangements and/or contractual obligations, as well as the risks described in the periodic disclosure documents filed on OTCMarkets.com by Wanderport Corporation, copies of which are also available on the company's website. Any of these risks could cause Wanderport Corporation or its industry's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements in this press release. Except as required by applicable law, including the securities laws of the United States, Wanderport Corporation does not intend to update any of the forward-looking statements to conform these statements to actual results.
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SOURCE Wanderport Corp.