Energy Efficiency Innovator HPEV, Inc. Exceeds Expectations in Third-Party Commercialization Tests
Energy Efficiency Innovator HPEV, Inc. Exceeds Expectations in Third-Party Commercialization Tests
Pump Industry Leader ESSCO Pumps and Controls, Confirms an Increase of More Than 200% Horsepower Capability When Integrating HPEV Technology Into Water and Wastewater Pumps
TAMPA, FL--(Marketwired - Nov 25, 2013) - HPEV, Inc. (OTCQB: WARM), an innovator in energy efficiency and heat removal technologies, announced today that custom solutions pump industry leader ESSCO Pumps & Controls completed its final round of commercialization tests for its soon-to-be-released revolutionary line of dry-pit submersible pumps for the water and wastewater industry. HPEV's technology is being integrated into ESSCO's flagship line of dry-pit submersible pumps to drive more power, sharply reduced maintenance costs with increased reliability. HPEV's technology is integrated directly into the pump's drive motor, a Nidec Motors power plant. All integrated parts meet and exceed all NEMA and IEEE EPAct standards.
"Honestly, I am amazed with the results! This is a significant innovation in the pump industry and the biggest improvement in pumps in more than 50 years," commented John Ivins, President of ESSCO Pumps and Controls. "ESSCO is known in the industry for finding and implementing innovative solutions. With HPEV's technology, we now have a solution for a huge industry problem, solving one of its Achilles' heels. By removing heat in this way, we dramatically reduce maintenance costs and time lost while improving pump output and flow as well. It's a real game changer."
HPEV's technology dramatically increases the efficiency of cooling the motor that drives the pump by replacing the legacy design and mechanism used in the industry since the 1950s. HPEV's revolutionary technology is a boon as an OEM solution. It requires near zero maintenance while allowing the pump motor to output up to triple the power in a smaller frame. This combination should create great attention in the $30+ billion water and wastewater industry as greater power and smaller frames directly equate to a positive and immediate impact on profit margins for OEMs and lower costs for the end users such as local and state governments.
According to Timothy Hassett, HPEV's founder & CEO, "This test was the final leg before orders can be taken for a product unlike anything else in the industry in terms of low-cost operation and high output performance. The time and cost savings for the end customer will change the way they look at their infrastructure. HPEV's commercialization of this product with ESSCO will make a huge splash in the $30B+ global water and wastewater marketplace. Also, this test demonstrates HPEV's technology in the harshest of applications proving the technology can make dramatic improvements for motors and generators and for all rotating equipment."
HPEV management anticipates that OEM's will begin to take orders in the fourth quarter of 2013, for delivery throughout 2014, and beyond.
How the test was run
ESSCO Pumps and Controls is a member of the Hydraulic Institute and all performance tests are conducted to meet the standards set forth by the Institute. The test involved examining the tolerances of the Nidec motor in an extreme situation. These tolerances determine the amount of power that can be driven through the pump and are a strong predictor of the amount of regular maintenance and out of service time that must be devoted to the pump while in operation at a facility. Out of service time is very expensive and labor intensive. To describe the test in the simplest terms, the pump MOTOR is rated to run out of water (not submersed) for up to 15 minutes in open air before the pump's own protection circuits will turn it off to prevent it from burning up. This heat limitation restricts the horsepower output of the motor that drives the pump and the design of the legacy cooling systems cause additional problems that shut down the pumps such as clogging. The new pump was built on the same Nidec motor, however with HPEV technology inside. The result of the test, more than two hours of continuous operation, out of water (not submersed), at or above full power without reaching critical temperatures.
Mr. Hassett continued, "The ESSCO test was another successful step toward HPEV achieving its three previously stated goals of commercializing and beginning the monetization of the Company's patents in the dry-pit submersible pump market, the motor and generator market and the Company's Mobile Generation System (MG) for the mobile generator market."
About HPEV, Inc.
HPEV, Inc. is an intellectual property and product development company that employs a license and royalty model. The company has expertise in thermal dispersion technologies and their application to various product platforms. The Company is currently commercializing its patented thermal technology and has additional patents-pending for various applications of its proprietary heat removal technologies. The markets that will be addressed by these technologies include myriad industries such as pumps, fans, compressors, batteries, motors, generators and bearings.
About ESSCO Pumps and Controls.
Engineers Sales-Service Co., Inc., ESSCO, is a privately held company that was established in 1947 as a distributor for boilers and pumping equipment. The firm incorporated in 1954 and stopped selling boilers in early 1955 to concentrate on pumps and control panels. The company offers a complete line of products encompassing submersible pumps, horizontal pumps, vertical pumps and column style (sump) pumps to cover the needs of the industry. ESSCO is a member of the Hydraulic Institute and all performance tests are conducted to meet the standards set forth by the Institute. All ESSCO pumps are cast, manufactured, assembled and tested in the United States.
Safe Harbor Statement.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on plans and expectations of management and are subject to uncertainties and risks that could affect the company's plans and expectations, as well as results of operations and financial condition. A listing of risk factors that may affect the company's business prospects and cause results to differ from those described in the forward-looking statements can be found in company reports and documents filed with the Securities and Exchange Commission. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information about the media inquiries, contact:
HPEV, Inc.
ir@hpevinc.com
Energy Efficiency Innovator HPEV, Inc. Exceeds Expectations in Third-Party Commercialization Tests
Pump Industry Leader ESSCO Pumps and Controls, Confirms an Increase of More Than 200% Horsepower Capability When Integrating HPEV Technology Into Water and Wastewater Pumps
TAMPA, FL--(Marketwired - Nov 25, 2013) - HPEV, Inc. (OTCQB: WARM), an innovator in energy efficiency and heat removal technologies, announced today that custom solutions pump industry leader ESSCO Pumps & Controls completed its final round of commercialization tests for its soon-to-be-released revolutionary line of dry-pit submersible pumps for the water and wastewater industry. HPEV's technology is being integrated into ESSCO's flagship line of dry-pit submersible pumps to drive more power, sharply reduced maintenance costs with increased reliability. HPEV's technology is integrated directly into the pump's drive motor, a Nidec Motors power plant. All integrated parts meet and exceed all NEMA and IEEE EPAct standards.
"Honestly, I am amazed with the results! This is a significant innovation in the pump industry and the biggest improvement in pumps in more than 50 years," commented John Ivins, President of ESSCO Pumps and Controls. "ESSCO is known in the industry for finding and implementing innovative solutions. With HPEV's technology, we now have a solution for a huge industry problem, solving one of its Achilles' heels. By removing heat in this way, we dramatically reduce maintenance costs and time lost while improving pump output and flow as well. It's a real game changer."
HPEV's technology dramatically increases the efficiency of cooling the motor that drives the pump by replacing the legacy design and mechanism used in the industry since the 1950s. HPEV's revolutionary technology is a boon as an OEM solution. It requires near zero maintenance while allowing the pump motor to output up to triple the power in a smaller frame. This combination should create great attention in the $30+ billion water and wastewater industry as greater power and smaller frames directly equate to a positive and immediate impact on profit margins for OEMs and lower costs for the end users such as local and state governments.
According to Timothy Hassett, HPEV's founder & CEO, "This test was the final leg before orders can be taken for a product unlike anything else in the industry in terms of low-cost operation and high output performance. The time and cost savings for the end customer will change the way they look at their infrastructure. HPEV's commercialization of this product with ESSCO will make a huge splash in the $30B+ global water and wastewater marketplace. Also, this test demonstrates HPEV's technology in the harshest of applications proving the technology can make dramatic improvements for motors and generators and for all rotating equipment."
HPEV management anticipates that OEM's will begin to take orders in the fourth quarter of 2013, for delivery throughout 2014, and beyond.
How the test was run
ESSCO Pumps and Controls is a member of the Hydraulic Institute and all performance tests are conducted to meet the standards set forth by the Institute. The test involved examining the tolerances of the Nidec motor in an extreme situation. These tolerances determine the amount of power that can be driven through the pump and are a strong predictor of the amount of regular maintenance and out of service time that must be devoted to the pump while in operation at a facility. Out of service time is very expensive and labor intensive. To describe the test in the simplest terms, the pump MOTOR is rated to run out of water (not submersed) for up to 15 minutes in open air before the pump's own protection circuits will turn it off to prevent it from burning up. This heat limitation restricts the horsepower output of the motor that drives the pump and the design of the legacy cooling systems cause additional problems that shut down the pumps such as clogging. The new pump was built on the same Nidec motor, however with HPEV technology inside. The result of the test, more than two hours of continuous operation, out of water (not submersed), at or above full power without reaching critical temperatures.
Mr. Hassett continued, "The ESSCO test was another successful step toward HPEV achieving its three previously stated goals of commercializing and beginning the monetization of the Company's patents in the dry-pit submersible pump market, the motor and generator market and the Company's Mobile Generation System (MG) for the mobile generator market."
About HPEV, Inc.
HPEV, Inc. is an intellectual property and product development company that employs a license and royalty model. The company has expertise in thermal dispersion technologies and their application to various product platforms. The Company is currently commercializing its patented thermal technology and has additional patents-pending for various applications of its proprietary heat removal technologies. The markets that will be addressed by these technologies include myriad industries such as pumps, fans, compressors, batteries, motors, generators and bearings.
About ESSCO Pumps and Controls.
Engineers Sales-Service Co., Inc., ESSCO, is a privately held company that was established in 1947 as a distributor for boilers and pumping equipment. The firm incorporated in 1954 and stopped selling boilers in early 1955 to concentrate on pumps and control panels. The company offers a complete line of products encompassing submersible pumps, horizontal pumps, vertical pumps and column style (sump) pumps to cover the needs of the industry. ESSCO is a member of the Hydraulic Institute and all performance tests are conducted to meet the standards set forth by the Institute. All ESSCO pumps are cast, manufactured, assembled and tested in the United States.
Safe Harbor Statement.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on plans and expectations of management and are subject to uncertainties and risks that could affect the company's plans and expectations, as well as results of operations and financial condition. A listing of risk factors that may affect the company's business prospects and cause results to differ from those described in the forward-looking statements can be found in company reports and documents filed with the Securities and Exchange Commission. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information about the media inquiries, contact:
HPEV, Inc.
ir@hpevinc.com
