TORONTO, May 2, 2013 (GLOBE NEWSWIRE) -- PM&E, Inc. (OTC Pink:PMEA) announced today that company began formal tests of its heat storage application combined with its GEN 4 MPVS system. "When fully implemented this system would allow consumers to heat their homes and enjoy hot water literally free thanks to our application," concluded Jack Merck. This development also significantly increases expected revenue company will derive when product hits the market. The Company was working on this approach for a while and came to a point where energy storage system could be integrated into its flagship MPVS system, as part of its cooling mechanism. Since system is untested and not patented yet, company cannot disclose much, but what can be said that MPVS GEN 4 passive proprietary cooling system is now integrated with heat capacitor, vacuum based approach which in lab showed significant potential in storing ultra-hot liquids for substantial periods of time without significant temperature losses. As a second step in this initiative company is planning integration of fuel cell generator together with MPVS and storage application, so either heat storage or fuel cell generation could be offered to industrial clients using the system. Fuel cell generation is achieved through several proprietary techniques by splitting water molecule into hydrogen and oxygen using thin films of iron oxide. For retail clients energy storage will be most common. Industrial clients will be interested in both options. "We are very excited to begin the tests and will notify our shareholders about its results as soon as they come in and are carefully analyzed by our engineers," concluded Jack Merck.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of PM&E, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
CONTACT: Thomas Hamilton 647-761-3413 email@example.comSource:PM&E