Toronto, ON., June 21, 2018 (GLOBE NEWSWIRE) -- First National Energy (OTCBB: FNEC ) is proud to announce the successful completion a 1-year test period, for the performance of its proprietary vertical axis wind turbine in conjunction with a major player in the billboard advertising media industry. The turbine has more than 22 years proven history and more than 150 turbines installed and operating today, in countries like Denmark, Finland, Russia, Baltic Sea, Kazakhstan, and South Korea. However, this is the first time the turbine was installed in North America and the first time it was used to power an advertising billboard within an urban area, such as the Greater Toronto Area, in Ontario Canada. During the more than one year billboard testing period, the turbine was able to provide a lighting solution in every weather condition and the Company is proud to say it had no downtime or blackouts.
First National now expects to begin marketing and deployment of more of these powerful and reliable units in areas where there is no power to light advertising billboards, thus expanding the market for North America’s advertising billboard companies.
About First National Energy:
First National Energy is dedicated to international research and evaluation of various wind turbine designs and technologies. The Company has since found and successfully acquired the perfect autonomous renewable energy solution for multiple critical and non-critical power applications. The technology has more than 22 years of proven reliability and performance, industry recognition awards, and hundreds of installations that continue to perform efficiently to date. After many years, this technology has evolved to become a completely fine tuned and state of the art solution chosen exclusively by military, national telecom corporations, large scale mining operations, municipalities to augment public utilities in remote areas and private users. To date, this technology has successfully produced in excess of 12,000 Megawatts of electrical power. The Company has also forged strategic and commercial relationships with large scale leading power generation contractors, engineering firms, producers, and industry experts in order to support future commercialization and of this technology suite which is now positioned for major deployment in USA, Canada, Europe and India.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "confident," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact: First National Energy Peter Wanner -Treasurer pete.wanner@firstnationalenergy.com
