NEW YORK, July 19, 2012 /PRNewswire/ -- Wanderport Corp. (OTC Markets-PINKSHEETS: "WDRP") today confirms the successful completion of its microwave energy tank-less water heater functioning with its proprietary, revolutionary microwave heat-engine technology.
According to the company, the unit, better known as the multi-cavity microwave heating unit (MCMHU), is Wanderport's immensely improved second generation test unit believed to be the "first of its kind" worldwide. The MCMHU has recently undergone successful water flow tests at municipal pressure levels and is equipped with a unique and improved heat exchanger design. The MCMHU utilizes customized water cooled magnetrons and adapted transformers to optimize performance efficiency in contrast to existing water heater technologies. Wanderport is delighted to confirm the electrical functionality of the MCMHU and certifies the unit's capacity to heat water substantially and economically using microwave energy or radio-frequency in place of traditional heat elements and thermal transfer. Recent adjustments and performance trials flowing water through the electrically operating MCMHU have given Wanderport renewed reason to believe their innovative heat engine technology can be a leader in the aforementioned tank-less and storage tank water heating marketplace.
"After firing-up the microwave water heater, I am overjoyed to validate an operating unit, which I believe performs exceedingly efficiently and is a first in water heating engineering. Moreover, based on my assessments, I am still of the opinion that the heat engine technology can be utilized and fabricated in a most cost-effective and affordable manner to allow for a reasonable retail price tag depending on the chosen water heating application or solution", said Mr. Robert Simoneau, Wanderport Corporation's Technical Advisor and Product Licensor. "Running the unit was similar to using my own hot water faucet in my kitchen. The water temperature became unbearable when I left my hand in the hot running water for more than a few seconds," further exclaimed Mr. Simoneau.
Wanderport expects to report preliminary, informal efficiency results from analysis currently underway, as well as, the name of the chosen third party laboratory, whose results will support and corroborate the accuracy of the company's preliminary informal efficiency claims.
"Once third party laboratory results are supplied and our informal "in-house" test results our authenticated, we will resume negotiations with a few distinguished manufacturers in order to establish a strategic alliance to produce and market our water heating solutions", said Mr. Richard Martel, Wanderport's President and CEO. "I am thrilled to finally confirm the functionality of our new and innovative water heating application and in actual fact, while the bulk of our research and development is concluded, we are that much closer to establishing Wanderport's heat engine as the new and preferred alternative in water heating solutions globally," continued CEO Richard Martel.
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.
SOURCE Wanderport Corp.