JUPITER, FL, February 16, 2010
/24-7PressRelease/ -- Hydro Alternative Energy, Inc. ("HAE" or the "Company"), a renewable energy company, announced today that it has recently and successfully conducted initial in-water, off-shore testing of its patent pending turbine prototype designed for use in certain planned commercialized tidal water power applications.
The test involved the turbine prototype being positioned in the Intracoastal waterway by a Company chartered vessel and successfully demonstrating the production of electrical current through simple, effective testing methods. A video of such test is available for viewing at HAE's website
www.HydroAlternativeEnergy.com.
HAE believes that the basic design of the technology set forth in the U.S. and international patent pending applications will allow the Company to save approximately 2 to 3 years of research and development, particularly in view of such successful prototype testing, and our engineering team members' intimate working knowledge of the technology comprising the prototype device.
Mark Antonucci, Chief Financial Officer and co-founder of HAE was quoted as saying: "We are wildly excited about the results of such initial testing, which far exceeded our expectations. Our turbine technology will clearly accelerate our efforts to produce working turbines for clean, low cost electric energy production and deployment in slow moving water in areas not yet currently serviced."
Jon Landau, CEO of HAE, said: "We are developing a system to generate clean, inexpensive and predictable energy by converting ocean and tidal currents into usable energy through our planned Hydro Power Generation System. Utilizing these currents, we believe we will be able to create significantly higher levels of power generation as compared to other renewable and/or alternative energy sources such as wind and solar power. We believe that the turbine described within the patent pending applications will allow our system to generate more power than originally estimated. The design of the patent pending technology is modular in design, environmentally friendly and unobtrusive to the surrounding area."
Mr. Landau was further quoted as saying: "I am excited about the significant leap in tidal water power technology that this test has demonstrated, and congratulate our dedicated engineering team, who, as Company shareholders, have a vested interest in our success."
www.HydroAlternativeEnergy.com
Certain statements made by Hydro Alternative Energy, Inc. and members of its management team on its behalf in this release and other periodic oral and written statements, regarding the Company's operating performance, events or developments that the Company believes or expects to occur in the future, including those that discuss strategies, goals, outlook or other non-historical matters, or which relate to future sales, earnings expectations, cost savings, awarded sales, volume growth, earnings or general belief in the Company's expectations of future operating results are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made about the Company's anticipated financial results are forward-looking statements subject to risks and uncertainties such as the breadth and severity of the global economic downturn; the strength of housing and related markets; the ability to integrate acquisitions successfully and the risk that expected synergies may not be fully realized or may take longer to realize than expected; foreign currency effects; retail and industrial demand; and competitors' product introductions, pricing and other competitive pressures, as well as other risk factors. Forward-looking statements included herein are made as of the date hereof, and the Company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. Actual results could differ materially from anticipated results.
Hydro Alternative Energy, Inc
www.HydroAlternativeEnergy.com
561-900-7200
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Press Release Keywords:- hydro alternative energy, hydro, alternative energy, hydroelectric, hydrokinetic, tidal power, renewable energy, green energy, clean energy, florida alternative energy, water power, tidal turbine, turbines, ocean energy, carbon free, solar power, windmills, turbine farms
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