NEW YORK, Dec. 13, 2016 (GLOBE NEWSWIRE) -- Receivable Acquisition & Management Corporation (OTCQB:CSEI) d/b/a Cornerstone Sustainable Energy (“CSE”), headquartered in New York City, has received validation of its technology from one of the country’s largest and most respected independent research and development institutes. The institute recently confirmed the scientific underpinnings of CSE’s PwrCor™ technology. The assessment of the technology also indicated that it is substantially more efficient and productive than its primary competing technology (ORC) with input heat sources considered ultra-low.
Ultra-low-grade heat is commonly defined as heat below 250°F. Cost effective conversion of heat to power at these levels has been challenging. CSE’s PwrCor™ technology now redefines the threshold of usable, cost effective ultra-low-grade heat to temperatures well below 200°F. Testing has successfully demonstrated the technology’s capability to produce effective levels of output at supply temperatures as low as 155°F. Additionally, the Company is now researching the technical and economic viability of even lower supply temperatures.
CSE’s technology positions it uniquely as a leader in the conversion of ultra-low-grade heat energy to other forms of useful energy. This has particular significance to the Waste-Heat-to-Power, Geothermal, and Solar Thermal industries. CSE conservatively estimates that it could easily expand each of these markets by up to 50% or more by exploiting PwrCor™ technology, and at notably lower capital cost per MWH.
Historically, it has been uneconomical and physically difficult to convert ultra-low-grade heat to other forms of power, such as electricity. Consequently, the market potential and opportunity for this type of technology has never been measured. There simply are no relevant statistics. However, it is generally recognized that the quantity of available ultra-low-grade heat is vast. It comes from almost all manufacturing and process-based industries, from most power plants, and from a multitude of individual sources including combustion engines and home furnaces – and this ignores the virtually limitless supply from the sun and from geothermal sources, many of which have not been tapped because they have not been “hot enough”.
This ultra-low-grade heat is literally wasted as it is typically discharged into the atmosphere or bodies of water thereby contributing to environmental warming and negatively affecting ecosystems. If tapped, it could certainly augment and potentially even shift the way power is produced. This game-changing development is now being commercialized.
Tom Telegades, CEO of the Company, stated, “PwrCor™ now expands the potential for applications to convert ultra-low-grade heat to mechanical or electrical power. The potential impact to the Energy Conversion Industry is to dramatically expand market size by vastly broadening the thresholds of the low temperature boundaries of these markets as well as outperforming existing technologies by delivering greater power output from comparable heat input.” About the Company Receivable Acquisition & Management Corporation d/b/a Cornerstone Sustainable Energy (“CSE”) is an energy technology company offering cleantech energy solutions for the Waste Heat to Energy and Geothermal markets, as well as many other markets and applications. CSE is focused on energy infrastructure development projects and delivering cleantech energy solutions to commercial and not-for-profit customers.
About the Technology PwrCor™ engines can cost effectively convert ultra-low-grade heat to usable mechanical or electrical energy, opening up an immense market that competing technologies cannot exploit with a cost effective solution. PwrCor™ is a cleantech ‘GREEN’ technology that uses no fossil fuels, does not operate via combustion, has no emissions, and does not process any working fluids that are flammable, harmful to the environment, or costly to replace. PwrCor™ is scalable and modular and has a relatively small footprint.
CSE's Forward-Looking Statement Safe Harbor
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve unknown risks and uncertainties that may individually or mutually impact the matters herein described for a variety of reasons that are outside the control of the Company, including, but not limited to, its ability to raise sufficient financing to implement its growth strategy, and its ability to successfully develop and commercialize its proprietary products. Readers are cautioned not to place undue reliance on these forward-looking statements as actual results could differ materially from the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's most recent report on Forms 10-K, 10-Q, 8-K and other filings made with the SEC. Copies of these reports are available from the SEC's website, www.sec.gov , or without charge from the Company. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.
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Contact: Thomas Telegades (212) 796-4097 info@cseindustries.com
