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For Immediate Release
ElectraTherm Secures $2.6M Series A Capital and Adds New Dealers for Renewable Power Systems
Cleantech energy pioneer lands manufacturing and distribution partners for ElectraTherm Green Machine
Carson City, NV - November 12, 2008 - ElectraTherm, Inc. (www.electratherm.com) today announced the successful completion of its 2008 Series A common share capital raise, totaling $2.6 million. The product of four years of successful research and development, the ElectraTherm Green Machine stands alone as the first commercially viable generator to make electricity from low temperature, residual industrial heat that has, until now, gone to waste.
"ElectraTherm's disruptive technology is truly rewriting the book on clean energy production," said ElectraTherm investor Mike Acheson, Managing Director of Interlaken LLC. "Industrial waste heat is everywhere and the global market is poised to benefit from ElectraTherm's patented technology."
Key to its sales and manufacturing strategy, ElectraTherm recently entered an agreement with Taiwan-based Kaori Heat Treatment to manufacture and distribute 50kW Waste Heat Generators for the Taiwanese market. As the company accelerates domestic expansion, Eisenmann Corp. and Roughrider Power have joined Gulf Coast Green Energy as distributors of ElectraTherm products in the United States.
"The response from customers, investors, manufacturers, and dealers has been very positive as news has spread about the ElectraTherm Green Machine," said Richard Langson, CEO of ElectraTherm. "The growing momentum is not surprising since our technology taps into the largest single source of immediately available renewable energy according to the U.S. Department of Energy – untapped geothermal and industrial waste heat."
Using patented heat and pressure recovery technology, ElectraTherm employs its proprietary twin-screw expander to generate fuel-free, emissions-free electricity at the lowest operating costs and fastest paybacks in the industry. Texas distributor Gulf Coast Green Energy installed the first commercial 50kW ElectraTherm Green Machine this summer at Southern Methodist University in Dallas. The machine has exceeded its 50kW output rating by 20 percent, garnering positive reviews from SMU’s world renowned Geothermal Laboratory.
Potential customers may benefit immediately by contacting ElectraTherm distributors including:
- Eisenmann Corporation, serving the United States and specializing in applications capturing heat or pressure from the emissions from thermal oxidizers and drying technologies in the ethanol and/or bio-renewable fuels industry.
- Roughrider Power, serving customers in Wyoming, Colorado, Montana, and Idaho and specializing in oil and gas, coal, geothermal, stationary engines, and turbines.
- Gulf Coast Green Energy, serving customers in Texas, Arkansas, and Louisiana and specializing in oil and gas, coal, geothermal, stationary engines, and turbines.
For more information about the ElectraTherm Green Machine, visit www.electratherm.com/products.html. To hear CEO Richard Langson share the vision of the ElectraTherm Green Machine, listen to a podcast at www.podango.com/podcast.php?podcastId=2980.
About ElectraTherm, LLC
ElectraTherm, Inc. delivers renewable energy solutions for a sustainable future, now. The company’s proven, patented Twin Screw Expander enables its line of energy generators to make electricity from waste and geothermal heat or pressure instead of fossil fuel. ElectraTherm’s fuel-free, emission-free and low cost technology offers the industry’s shortest payback period on investment. For more information on ElectraTherm and its cleantech, green power products, please visit www.electratherm.com.
 to ElectraTherm's Newsroom
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