|By Marketwired .||
|January 9, 2014 09:32 AM EST||
TAMPA, FL -- (Marketwired) -- 01/09/14 -- HPEV, Inc. (OTCQB: WARM), an innovator in energy efficiency and heat removal technologies, announced today that it has entered into an agreement with WI Technologies, a Nevada-based and closely held distributor of high tech electrical motor and pumping equipment, to be its exclusive supplier of motors for industrial pumps for sale into the municipal and industrial marketplaces. WI Technologies is currently accepting orders and according to WI Technologies' management, the company will distribute into three targeted markets totaling more than $13 billion annually.
Differentiator: double the power, a fraction of the maintenance costs. The motors and motor/pump combinations that WI Technologies is selling have approximately double the power output and a fraction of the maintenance costs of similar products both in the marketplace and currently being used in the field. The motors will be manufactured by a third party and cooled by HPEV's patented technology.
Industry veteran and observer John Ivins of ESSCO Pumps and Controls commented, "The people at WI Technologies have a strong opportunity here. This is truly differentiated equipment that offers dramatically improved performance and much lower maintenance costs to the end user. Whether it's a municipality or a large chemical company, they will see cost savings, much more efficient performance and better utilization of plant floor space. The pump industry doesn't often have much to get excited about, but this is real and demonstrable improvement and we are very excited to be offering it. HPEV's technology is giving us a real product to change the face of this industry."
"We are very happy that WI Technologies has chosen to market our technology exclusively. It says a great deal about WI Technologies confidence in us and their confidence that our technology will help them take significant market share in an industry that has been mired by pump downtime and high maintenance costs. We are truly addressing a huge problem for the industry," said Timothy Hassett, HPEV's CEO and co-founder. Hassett continued, "We are very excited to enter this agreement with WI especially on the heels of ESSCO being the first company to place a stock order for product incorporating our patented technology which is very unusual in the pump industry and shows great confidence in our technology."
HPEV's technology dramatically increases the efficiency of cooling the motor that drives these pumps by replacing the legacy design and mechanism used in the industry since the 1950s with HPEV's technology. HPEV's revolutionary technology enables a pump motor to require nearly zero maintenance while allowing the pump motor to output more power in a smaller frame.
WI Technologies is selling electrical motors and similar "GREEN" products in the submersible, horizontal and vertical shaft pump and motor categories. The marketplace that WI Technologies is addressing includes the municipal and industrial wastewater market, which is roughly a $7 billion annual marketplace for this type of equipment. This market includes city, county and state municipalities for both water and sewage management. Additionally, WI Technologies is addressing the industrial and marine market ($3-5 billion) which includes the energy, chemical and food industries to name a few, and the power plant industry ($3 billion).
The total US water treatment equipment market demand is forecast to grow at 5.9% a year and worth $13 billion in 2017 and the global water & wastewater treatment equipment market is set to grow with a CAGR of 7.4% till 2018 according to new water market research reports by different publishers available at ReportsnReports.com.
HPEV's technology is being integrated into the motors that are manufactured by a third party then sold by WI Technologies. All integrated parts meet all standards of the National Electrical Manufacturers Association (NEMA), the Institute of Electrical and Electronics Engineers (IEEE) and EPAct and Premium Efficient, CSA C390-2010 energy efficient levels and beyond.
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 OEM 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 WI Technologies.
WI Technologies is a privately held company based in Reno, Nevada. WI Technologies is a master distributor of products to help bring "GREEN" technology to electrical motor and pumping industries. The company offers industry specific products and solutions for the electrical motor and pumping industries.
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:
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Mar. 26, 2017 07:15 AM EDT Reads: 1,578
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Mar. 26, 2017 05:15 AM EDT Reads: 6,123
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, provided the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” used open source attack tools that are free and available for download by anybody. Attendees learned where to find and how to operate these tools for the purpose of testing their own IT infrastructure. The...
Mar. 26, 2017 03:30 AM EDT Reads: 7,262
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Mar. 26, 2017 03:30 AM EDT Reads: 3,823
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Mar. 26, 2017 03:15 AM EDT Reads: 995
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
Mar. 26, 2017 01:45 AM EDT Reads: 3,695
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Mar. 26, 2017 12:30 AM EDT Reads: 1,864
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Mar. 26, 2017 12:30 AM EDT Reads: 5,154
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Mar. 26, 2017 12:30 AM EDT Reads: 2,880
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
Mar. 26, 2017 12:15 AM EDT Reads: 730
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Mar. 26, 2017 12:00 AM EDT Reads: 1,712
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Mar. 26, 2017 12:00 AM EDT Reads: 4,117
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
Mar. 25, 2017 11:15 PM EDT Reads: 2,922
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
Mar. 25, 2017 10:45 PM EDT Reads: 3,627
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Mar. 25, 2017 09:45 PM EDT Reads: 3,563