LEXG News Ultrasonic Generator Testing To Resum
Post# of 144503
LEXG News
Ultrasonic Generator Testing To Resume in August
2012-07-26 09:10 ET - News Release
SCOTTSDALE, Ariz., July 26, 2012 /PRNewswire/ -- Lithium Exploration Group (OTCBB: LEXG.OB) (OTCQB: LEXG.OB) today updated shareholders on progress with its ultrasonic generator. An order was placed with a manufacturer of AC drives in Pennsylvania for immediate production of a replacement variable frequency drive. This replacement drive will allot more power to the generator. The additional power will bring the generator up to the optimal speed required to produce extreme heat through a controlled cavitation.
"We had representatives of the drive manufacturer onsite last week to evaluate the situation and they were able to present us with a solution which should resolve our present issues. The drive will be completed and ready for installation on or before August 17, 2012," commented CEO Alex Walsh. "We are excited to be back on track with the optimization of the technology unit so that we can move on to the next phase: testing. We have been busy commissioning studies, crafting business plans, and building financial models all summer with the final input being the performance capabilities of the technology unit. Needless to say, the completion and testing of this technology are important catalysts for our future plans."