NEW YORK, April 18, 2012 /PRNewswire/ -- Wanderport Corp. (PINKSHEETS: WDRP) announced today the successful completion of water flow tests at municipal pressure levels on the innovatively energy saving multi-cavity microwave water heating unit (MCMHU).
The successful water flow tests utilized data from recent forensic and finite element analysis (FEA) providing a better understanding and preparation for the challenges faced during water flow tests at municipal water pressure levels. The results were successful and significant because they validate the MCMHU's heat engine specifically equipped with the latest heat exchanger design and recently re-designed water cooled magnetrons supplied by Asia's Witol/Midea factory. These magnetrons limit particle build-up with more robust water jackets also capable of accepting industry standard connectors. Moreover, recent successful negotiations to purchase the magnetrons directly from the source (Witol/Midea) will contribute to lower unit cost and shorter lead times to receive these critical components in the production of our proprietary heat engine technology.
"The exceptional results were compelling enough for me to proceed with the electrical hook-up of the MCMHU and to seek a third party laboratory to schedule heat engine efficiency corroboration," commented Mr. Robert Simoneau, Wanderport's Technical Advisor and Product Licensor.
"This is an exciting step for the company and its shareholders and I am truly delighted to acknowledge Design 1st. Inc. for their continued belief in our venture and recent contributions," said Mr. Richard Martel, President and CEO. "At this juncture, anticipated efficiency results are imminent and I believe they could positively influence discussions involving selected manufacturers to develop our brand of water heater solution, as well as to sub-licence our innovative heat engine technology to these manufacturers for their various existing products. This could be an enormous added revenue stream for Wanderport and I look forward to sharing the successes we achieve along the way in upcoming announcements and eventually via our website," continued CEO Richard Martel.
About Design 1st Inc.:
Design 1st Inc., based in Ottawa, Canada is a product development and design firm with some of Canada's most accomplished, creative and innovative mechanical engineering and industrial design experts. With 25 years of experience the firm provides cost effective solutions from napkin sketch to production line. For more information, please visit at: www.Design1st.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.
SOURCE Wanderport Corporation