|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:
"eFolder does a lot of different things but we protect data and we are focused on protecting data no matter where it resides," explained Carlo Tapia, Product Marketing Manager at eFolder, in this SYS-CON.tv interview at Cloud Expo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 1, 2015 04:00 PM EST
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Dec. 1, 2015 04:00 PM EST Reads: 506
Cloud computing is unquestionably one of the driving forces of DevOps, as the automation of operations transforms enterprise software development. DevOps, however, is more than a technology trend, as it represents a move toward silo-busting, self-organizing horizontal teams that drive business velocity. At the same time, enterprise Digital Transformation represents an upheaval across the enterprise, as customer preferences and behavior drive enterprise technology decisions. This transformation ...
Dec. 1, 2015 03:45 PM EST
Most of the IoT Gateway scenarios involve collecting data from machines/processing and pushing data upstream to cloud for further analytics. The gateway hardware varies from Raspberry Pi to Industrial PCs. The document states the process of allowing deploying polyglot data pipelining software with the clear notion of supporting immutability. In his session at @ThingsExpo, Shashank Jain, a development architect for SAP Labs, discussed the objective, which is to automate the IoT deployment proces...
Dec. 1, 2015 03:00 PM EST Reads: 146
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Dec. 1, 2015 03:00 PM EST Reads: 385
In demand-intensive mobile and web applications, an emerging pattern is to host the Systems of Engagement in the cloud (for maximum responsiveness) but keep the Systems of Record with the other important business systems in the company datacenter, often on a tightly secured mainframe. But what about the space in between? In this IBM Redpaper publication, we show that the IBM Bluemix cloud platform offers technologies that make it easy for cloud-based SoEs to securely connect to on-premises IBM...
Dec. 1, 2015 02:45 PM EST
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
Dec. 1, 2015 02:45 PM EST Reads: 448
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Dec. 1, 2015 02:15 PM EST Reads: 452
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Dec. 1, 2015 02:00 PM EST Reads: 551
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Dec. 1, 2015 01:45 PM EST Reads: 358
OpsHub, Inc. has announced enhanced support for DevOps and Migration for both Team Foundation Server and Visual Studio On-line in a heterogeneous environment. With added support for build and release entities in OpsHub Integration Manager (OIM) Microsoft customers can now leverage Visual Studio build and release services to manage DevOps processes in a heterogeneous environment. With the enhanced support customers can manage the DevOps process in Team Foundation Server while undertaking activit...
Dec. 1, 2015 01:42 PM EST
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Dec. 1, 2015 01:15 PM EST Reads: 310
SYS-CON Events announced today that Catchpoint, a global leader in monitoring, and testing the performance of online applications, has been named "Silver Sponsor" of DevOps Summit New York, which will take place on June 7-9, 2016 at the Javits Center in New York City. Catchpoint radically transforms the way businesses manage, monitor, and test the performance of online applications. Truly understand and improve user experience with clear visibility into complex, distributed online systems.Founde...
Dec. 1, 2015 12:15 PM EST Reads: 102
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Dec. 1, 2015 12:00 PM EST Reads: 312
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Dec. 1, 2015 12:00 PM EST Reads: 234