Wanderport's Microwave Energy Tank-less Water Heater Undergoing Fine-Tuning Following Hydraulic Pressure Analysis Prior to Completion
NEW YORK, Jan. 11, 2012 /PRNewswire/ -- Wanderport Corp. (OTC Markets-PINKSHEETS: WDRP) announced today that technical fine-tuning is underway following hydraulic pressure analysis on the multi-cavity microwave heating unit (MCMHU).
Wanderport's Technical Advisor and Product Licensor, Mr. Robert Simoneau, had this to say concerning the completion of the multi-cavity microwave heating unit (MCMHU):
"Although unexpected, the reality is most developmental projects run into some fine-tuning just prior to their completion. During integrity analysis conducted by engineers at Design 1st Inc. (retained by Wanderport for their engineering and design expertise), the unit's heat engine underwent specific hydraulic pressure tests in order to assure that it could withstand municipal water pressure during anticipated functional beta-testing and multiple demonstrations to manufacturers. Under high pressure however, one of the four newly designed heat exchangers failed. We are performing a physical analysis of the remaining heat exchangers and a forensic analysis of the failed one. The MCMHU will be reassembled by Design 1st Inc. while they reach out to the heat exchanger manufacturer to confirm precise characteristics of the ceramics used in order to rule out the possibility of a material failure. To avoid any further delay however, I expect to complete the electrical hook-up and commence powered beta-testing on the MCMHU while the aforementioned takes place. For this exercise, I anticipate connecting the MCMHU to a flowing municipal water source while eliminating pressure on the heat engine. This process should allow us to determine preliminary efficiency results, which the company fully intends to announce in the short term as previously promised."
"As a result of hydraulic pressure testing and recent Finite Element Analysis (FEA), we have learned some valuable lessons, which will be incorporated into production of heat exchangers, as well as mechanical considerations, such as more robust fittings, which will be integrated into the MCMHU's final design. I am truly delighted that the nature of these modifications is quite manageable and not related to any fundamental flaw that could have been identified. Pending any other anomalies, I look forward to providing the MCMHU's efficiency results in the shortest possible timeframe and a superior and dependable MCMHU to Wanderport, its valuable shareholders and other interested parties with the intention that together, we may reap the benefits of a continued long term business relationship and a successful, lucrative business in the most immediate future."
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 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 for the microwave energy tank-less water heater.
Important Information About Forward-Looking Statements:
Please be advised that 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 which may modify existing licensing agreement 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.
CONTACT:
For further information, please contact Investor Relations: [email protected]
Wanderport Corporation website at: www.wanderportcorporation.net
Telephone: +1 (352) 533-4801
SOURCE Wanderport Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article