SOURCE: Intrepid Technology

February 06, 2007 07:30 ET

Intrepid Technology and Resources, Inc. Receives Governor's Clean Energy Award

IDAHO FALLS, ID -- (MARKET WIRE) -- February 6, 2007 -- Intrepid Technology and Resources, Inc. (ITR) (OTCBB: IESV), an Idaho-based publicly traded biofuels production company, received the Governor's Clean Energy Award during the Harvesting Clean Energy Conference in Boise, ID, this week. The award recognizes ITR's contribution to the development of renewable energy in Idaho by utilizing their anaerobic digester facility located on the Whitesides Dairy near Rupert, ID, to process animal waste into clean usable natural gas. Idaho's Lt. Governor Jim Risch presented the award to Jacob Dustin, ITR's president and chief operating officer.

"ITR is honored to receive this award from the governor," said Dustin. "ITR's hope is to show how Idaho is leading the nation in taking anaerobic digestion of dairy waste to the next level of commercialization and sophistication."

The 7th Annual Harvesting Clean Energy Conference is the Northwest's leading event for agriculture and energy interests working to advance new opportunities for agriculture producers and rural communities in clean energy production. It is a three-day event that draws more than 500 attendees each year.

ITR's digester (waste management system) is designed to convert animal waste into high purity natural gas which is then fed into the local gas utility pipeline system for commercial/industrial distribution and sale, or converted to other easily transportable forms such as liquid natural gas for other uses such as industrial and agricultural heating and process fuels, alternative transportation fuel, or remote community municipal use.

ITR is in the final weeks of completing construction on the expansion of their Whitesides Prototype Digester. It is expected to be operational by the end of the month.

About Intrepid Technology and Resources, Inc.: We are an application innovator in alternative energy technology and production and of biogas products and services designed to assist in worldwide energy independence, reduce pollution and carbon emissions from renewable agriculture feedstock and industrial and agriculture waste materials.

Statements released by Intrepid Technology and Resources, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

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