May 13 Pages 25-36

Page 1

online edition: www.indoamerican-news.com

Business

Indo American News • Friday, May 13, 2011

www.indoamerican-news.com

Friday, May 13, 2011

25

IndoAmerican News

STOCKS • FINANCE • SOUTH ASIAN MARKETS • TECHNOLOGY

Power Tube International Joint Ventures with Houston’s Kuldip Singh H O U S TO N : P o w e r Tu b e International has concluded a joint venture partnership with Kuldip Singh, owner of Power Tube India to cover the entire Indian Sub-continent which was selected for its unique geopolitical, ethnic, geographic and historical associations with its neighbors under historical considerations. Singh was selected over 13 other international firms for the JV and will also provide an assembly plant for the Power Tube system. The Power Tube is a geothermal magmtic driven generator One 10 megawatt unit can eliminate 400 tons of atmospheric pollution,

the equivalent of 1 million gallons of fuel or of 1240 tons of coal. It provides a total non-contamination environment, does not produce acid rain, create landscpae eyesores or visual pollution or destroy the fauna or flora. The Power Tube system has taken almost 11 years to develop and has replaced successfully an usual power generation technology that is over 150 years old. New technology, materials and scientific calculations had to be developed to get Power Tube to where it is today. Long periods of testing on two prior prototypes, MB 2000 and MB

Doyle Brewington, CEO of Power Tube International gives the joint venture charter to Kuldip Singh, CEO of Power Tube India.

INDO AMERICAN NEWS • FRIDAY, May 13 , 2011 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

2002 eliminated any doubts about the technology and innovation developed the knowledge base to assemble, test and certify the commercial prototype, Argus A10. The Power Tube technology requires a minimum of 10 acres of land to install to generate 1 MW of environmentally friendly electrical energy. For a larger unit, the 10MW Power Tube, the savings to the environment over one year (compared to equivalent hydrocarbon production) would be to eliminate the equivalent of burning 1 million gallons of fossil fuels, 1,450 tons of coal for steam or 400 tons of pollutants into the continued on page

28


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.