
Bo Linton, President of GDT TEK, Inc., Will Discuss Planned Meeting With JV Partner in London Next Week and Provide Other Updates on Money TV Friday Interview on June 17, 2011
ORLANDO, Fla., June 15, 2011 /PRNewswire/ -- GDT TEK, Inc. (OTC: GDTK) today announced that on Friday, June 17, 2011, GDT TEK, Inc.'s President, Bo Linton, will discuss the planned meeting with the Company's JV partner in London next week and provide updates on the equipment move and financial status to shareholders via an appearance on Money TV.
Bo Linton, President of GDT TEK, stated, "I am pleased to announce that GDT TEK suppliers received over $150,000 to date of the $300,000 scheduled to fund the relocation of our 150KW PHOENIX system to American Canyon. With that project under way, it was decided that we meet in London next week to firm up funding details of the $23 million in costs to deploy GDTK's equipment at the six PG&E - Power Purchase Agreements (PPA) land fill sites. Those sites comprised of six 1.5 MW systems fully deployed will produce up to 9MW of electricity."
Mr. Linton further stated that, "With the project funding in place, the Company can now concentrate on becoming current with its financial filings, the first of which will be the filing of the 10K for last year before the end of this month."
For Additional information:
About our JV Partners - Steriwave Hungary LTD
Steriwave PLC based in London has developed a new concept for central heating systems, water sterilization systems and sterilization of bio-hazardous waste.
For additional information please visit their website at www.steriwave.com.
About MoneyTV, please visit their website at www.moneytv.net
About GDT Tek
GDT Tek, Inc. is an Orlando, Florida-based publicly traded company (OTC: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that, "Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. It holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
GDT Tek, Inc.'s website is www.gdttek.com, which is in the process of being updated; please sign up for our newsletter (http://www.gdttek.com/info-signup.php) for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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SOURCE GDT Tek, Inc.
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