Steriwave-GDT Tek Files Patent Application of a System for Safely Extracting Hydrates from World Deposits and Announces its Next Scheduled Webinar
ORLANDO, Fla., Aug. 15, 2011 /PRNewswire/ — GDT TEK, Inc. (OTC: GDTK) today announced that its 50% owned subsidiary Steriwave-GDT Tek has filed a patent application for a system that safely removes and captures methane hydrates from undersea reserves.
The main design of the Steriwave-GDT Tek subsea open pit drilling/extraction concept is to provide maximized safety versus environmental issues. Methane hydrates, which form at low temperature and high pressure, are found in sea-floor sediments and the arctic permafrost. They can be scattered through several-hundred-meter depths and at various concentrations. Some believe there is enough methane in the form of hydrates methane locked in ice to supply energy for hundreds, maybe thousands, of years.
Bo Linton, President of GDT TEK stated, “Although we are trying to be 100% renewable in energy production, I believe our World is still many decades if not centuries away from becoming completely independent from fossil fuels. The good news is that natural gas derived from Methane Hydrates can certainly give the USA and low oil producing countries some independence from Middle East oil. GDT Tek is working hard to help make the US energy economy sustainable if not totally renewable. Our UK Partner Steriwave- GDT Tek is on the front lines of making extracting these elusive methane hydrates a major fuel source for the Worlds’ future energy demands.”
Mr. Linton further stated, “We plan to air a GDT Tek webinar on Aug 23, I will answer questions and give an update on the Company’s progress and future plans.”
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About our JV Partners- Steriwave Hungary LTD
Steriwave PLC based in London has developed a new concept for central heating systems, water sterilization systems and sterilization of bio-hazardous waste.
For additional information please visit their website at www.steriwave.com.
About GDT Tek
GDT Tek, Inc. is an Orlando, Florida-based publicly traded company (OTC: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek’s waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that “Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek’s heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today’s changing world market.”
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. It holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
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Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
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