HPEV’s technology benefits are validated and its business model accelerated by pump industry leader ESSCO Pumps and Controls orders.
(Tampa, FL: December 18, 2013) HPEV, Inc. (OTCQB:WARM), an innovator in energy efficiency and heat removal technologies, announced today that it has received its first order for the $30+ billion water and wastewater industry. The order came from custom solutions pump industry leader ESSCO Pumps & Controls for HPEV’s heat removal technology to be integrated in the rollout of its revolutionary new line of dry-pit submersible pumps for the water and wastewater industry.
HPEV’s technology is being integrated into ESSCO’s new flagship line of dry-pit submersible pumps to drive more pumping power and sharply reduce operation and maintenance costs for end users.
HPEV’s technology is integrated directly into the pump drive motor which has Nidec Motors electrical components inside. All integrated parts meet all National Electrical Manufacturers Association (NEMA), the Institute of Electrical and Electronics Engineers (IEEE) and EPAct standards.
“As we learned in our testing last month, we expect that this technology will change the technology face of the water and wastewater industry. It will reshape thinking in terms of physical size of the drivers and allow more horsepower in a smaller package which in turn will reduce and almost eliminate expensive maintenance and downtime. As I have previously stated, I am amazed with the improvement that we are seeing over the legacy products available today. I want to grab as much of this market as possible because this technology has not been seen in the market before and the savings in maintenance costs will be tremendous. The product will pay for itself in savings in a short time. Couple that with a substantial increase in pumping power and things start to get interesting,” commented John Ivins, President of ESSCO Pumps and Controls.
“We are solidly on track with our OEM rollout in the water and wastewater business with ESSCO and extremely pleased with our customer’s response,” said Timothy Hassett, HPEV’s CEO and co-founder. “We are also very excited about the way ESSCO’s validation and commercialization of our technology will positively affect our planned ramp up in all areas of our business which include the motor/generator and mobile generator markets.”
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 ESSCO Pumps and Controls.
Engineers Sales-Service Co., Inc., ESSCO, is a privately held company that was established in 1947 as a distributor for boilers and pumping equipment. The firm incorporated in 1954 and stopped selling boilers in early 1955 to concentrate on pumps and control panels. The company offers a complete line of products encompassing submersible pumps, horizontal pumps, vertical pumps and column style (sump) pumps to cover the needs of the industry. ESSCO is a member of the Hydraulic Institute and all performance tests are conducted to meet the standards set forth by the Institute. All ESSCO pumps are cast, manufactured, assembled and tested in the United States.
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.
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