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Ghana: Internal Hydro turbines for low impact

Internal Hydro International Inc. announces the first unit sales for two units of the 30 Kilowatt Energy Commander low impact hydro units for a purchase price of $60,000. The units will be delivered within 180 days under the contract terms, which includes pre-payment of one third the purchase price on immediate terms. Both units are contracted for primary purchase by Kingswell Financial, LLC, of Maryland for use in residential developments in Ghana under limited use terms.
"While we know the grid placement of units will be appreciably larger revenue-wise, this is the first of many expected announcements of unit sales to non-grid countries and circumstances, where we simply would not have appreciated the normal revenue flows as we have in an electrical grid situation with renewable energy credits, tax credits and a stable grid environment," stated Craig A. Huffman, CEO and President of IHDR. "Our business plan in North America and Europe will differ from those areas in the third world like this, where we can still get a very good return on our production cost, as we are doing here, while still providing consistent and reliable electricity to underdeveloped areas, and bring an appreciable revenue stream to the Company," Huffman continued.

This first announced sale by IHDR of the renewable energy units is being made to a non-grid situation where sales will be more efficient than the units remaining as assets with the Company and revenue being filtered through the Company. Each unit, although sold, will carry an IHDR mandatory repurchase right on a steep sliding scale over time. The units will carry limited warranties for replacement parts and the normal satellite transmission systems for operation to IHDR. Other unit purchase announcements for similar circumstances are expected as the final production phase development is completed.

The current EC system set for delivery utilizes a dual cycle 12 cylinder rotary system for a low volume water flow, to produce energy in an efficient manner using positive displacement inside of cylinders, instead of traditional turbines. The first ever patented technology which uses positive displacement of fluids for electrical generation, the Energy Commander system is being fielded in Mobile, Alabama for first use and supplying of electricity in an industrial setting. Under IHDR's normal business model in North America and Europe, the units will be kept as IHDR assets and the revenue stream of electricity value, tax credits, and renewable energy credits will be received by the Company.


Additional information: http://www.primezone.com/newsroom/news.html?d=103919
News date: 16/08/2006

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