WASHINGTON, Oct. 23, 2013 /PRNewswire/ -- The chairman of the U.S. / Huangxing World Peace Foundation Mr. Huang Qizhu and Mr. Lan Xinde, on behalf of the Guangzhou Yongzhou Electronic Science and Technology Co., Ltd. signed a strategic cooperation agreement on "natural energy power generation system" with Xiangtian (USA) Air Power Company, a Delaware Corporation OTCQB Ticker (GOAS). This agreement will further the cooperation of the two companies in Guangzhou Province, China.
The agreement provides for Yongzhou Electronic Technology Co., Ltd. to be in charge of coordinating the following, including but not limited to, approval, construction, land, financing and all other relevant matters pertaining to the use and deployment of Xiangtian's air power generation equipment throughout the province of Guangzhou.
The agreement also calls for Guangzhou Yongzhou Electronic Technology Co., Ltd. to fully support the "natural energy power generation system" project in Guangdong Province China, and provide capital and technical support for the project. The two sides reached a preliminary investment intention in Huizhou and Qingyuan City,Guangdong. The details of these two preliminary sites are still to be finalized.
Luck Sky Group Natural Energy Power System is a new energy production invention. This system provides energy by utilizing solar energy, wind energy, geothermal energy, tidal energy, water hammer potential energy and all the available natural energy as a raw power. This raw power is then converted into DC power, processed through an ultra -wideband, high-performance power inverter, which is registered in Luck Sky Group independent intellectual property rights list, and outputs stable power in line with national standards. Part of the output electric power is for the power needs of the operation facility, and remaining part will be supplied to the power grid. Any additional electricity will be stored as 20Mpa compressed air. When natural energy is intermittent or during times of equipment maintenance, releasing the compressed air to drive compressed air engines linked with a generator which produces electric power, provide customers an advanced power generation and supply equipment.
Natural energy power system's core technology is "compressed air energy storage power generation." The design of this system is novel and reasonable. Considering the energy structure, it will provide a reliable alternative to the power supply system that is mainly based on the fossil fuels.
This natural energy power generation system has been developed through independent research and development by Luck Sky Group, with independent intellectual property rights. Luck Sky Group has filed and received almost 100 patents. Related products are: ultra-wideband voltage power inverter, new structures aerodynamic engine, low-speed aerodynamic generators, new structures isothermal air compressor, natural energy power systems, and the aerodynamic automobile motors, etc.
SOURCE Xiangtian (USA) Air Power Company