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Last updated on April 18, 2014 at 15:51 EDT

/C O R R E C T I O N — Joseph F. Finn, Jr., C.P.A./

November 1, 2011

In the news release, Mechanology, Inc.’s Steam Turbines, Business Offered for Sale at a Sealed Bid Sale on November 18, 2011, are Suited for Applications in Power Recovery and Power Generation Packages, issued Nov. 1, 2011 by Joseph F. Finn, Jr., C.P.A. over PR Newswire, we are advised by the company that there were numerous changes throughout the release, and a new version is being issued. The complete, corrected release follows:

Mechanology, Inc.’s Steam Turbine Business Offered for Sale at a Sealed Bid Sale on November 18, 2011. The Turbines are Suited for Application in Power Recovery/Power Generation Packages

WELLESLEY HILLS, Mass., Nov. 1, 2011 /PRNewswire/ — Joseph F. Finn, Jr. C.P.A. (“Finn”) of the firm, Finn, Warnke & Gayton, LLP (“FWG”) announced today that Mechanology Inc.’s steam turbine technology is being offered for sale at a sealed bid sale on November 18, 2011.

The Mechanology Steam Turbines have been engineered for optimum efficiency. While efficiency is less critical in mechanical drive applications, efficiency influences the ROI on a power generation or waste heat recovery project. The Mechanology Steam Turbines have been engineered with multiple features that enable the designer to optimize efficiency for each application and set of steam conditions. Customized turbine software enables fast, efficient, performance modeling for sales support, and design and sizing guidelines for engineering/manufacturing. The customizable design is suited for power recovery and power generation packages for markets like: Heat Recovery Power Generation (from industrial waste heat), Process Steam Recovery, Renewable Energy Conversion (Bio mass, landfill gas, geothermal, solar), Waste to Energy Processes, and PRV Paralleling. The N-Series turbines are suited for applications with output capacities of 0.1 MW to 3.5 MW.

The intellectual property, including: sales/marketing literature/documentation; customer lists and install base; turbine sizing & selection programs; manufacturing drawings; assembly documentation; installation, operation, and maintenance (IOM) manuals; casting patterns & tooling; and misc. inventory, will be sold at a sealed bid sale on Friday, November 18, 2011 at noon. Persons interested in bidding must sign a Confidential Disclosure Agreement (“CDA”) obtained from FWG — IPSaleServices@finnwarnkegayton.com or (781) 237- 8840. They will then receive a bid package.

About Finn, Warnke & Gayton, LLP:

Joseph F. Finn, Jr. C.P.A., is the founding partner of Finn, Warnke & Gayton, LLP (www.finnwarnkegayton.com) Certified Public Accountants of Wellesley Hills, Massachusetts.

About Mechanology:

Mechanology, Inc. has developed and patented highly innovative energy efficient technologies for commercial and industrial applications. Mechanology’s Dragonfly compressor offers industry leading performance in oil-free air compression with potential application in refrigeration/air conditioning, gas compression, and superchargers. The TIVM Expander provides breakthrough performance enabling the efficient utilization of low-grade heat/steam in power recovery, power generation, and renewable energy applications. Contact Mechanology (www.mechanology.com) for information regarding industrial partnerships and licensing opportunities.

For further information, please contact Joseph F. Finn, Jr. C.P.A. at (781) 237 – 8840 or jffinnjr@finnwarnkegayton.com

SOURCE Joseph F. Finn, Jr., C.P.A.


Source: PR Newswire