SOURCE: NAC Global Technologies

September 16, 2014 08:58 ET

NAC Global Technologies Announces Successful Test of New Turbine Technology

JACKSONVILLE, FL--(Marketwired - Sep 16, 2014) -  NAC Global Technologies (OTCBB: NACG) today announced the successful first stage testing of its HGT Turbine Drive, a harmonic gearing transmission technology for fluid and wind turbine energy production.

Mr. Vincent Genovese, Chairman and CEO of NAC, said, "We are very pleased to announce another milestone in NAC's development of new technologies for clean, renewable energy. We initiated testing in 2012, and we are confident in both our technology and ability to produce robust drives for energy generation. NAC is now embarking on the development of unique, application specific designs of renewable energy drives for residential and commercial energy generation. Our designs are intended to efficiently convert existing available energy into electrical energy in both intermittent and continual use applications. 

We understand the need for aesthetics, and believe that only with considering curb-side appeal can clean energy technologies make broad inroads into residential and commercial construction. We believe our products will meet that need and can integrate seamlessly into the standard construction of nearly every occupied building. NAC is eager to move this initiative forward, and we expect the first units to be released for manufacturing within the coming year," concluded Mr. Genovese.

About NAC Global Technologies
NAC Global Technologies is a development and manufacturing company operating in the automation, energy, defense, robotics, and medical industries. The company focuses on supplying critical technologies to meet key national and global needs in existing and emerging multi-billion dollar markets. The company's first product offering is harmonic gearing technology (HGT), in which the company's management has decades of experience. Expanding from this market entrance point, the company is building a portfolio of synergistic technologies and has strategic initiatives in place to expand its market and application reach into emerging clean energy and force sensing robotics for industrial and medical applications. 

The Company has its corporate headquarters in Jacksonville, FL, and has one operating subsidiary, NAC Drive Systems Inc. NAC manufactures and warehouses products in Port Jervis, NY and in Beijing, China via a strategic partnership agreement with CTKM Beijing Harmonic Drive, Ltd., the national HGT supplier to the China Space Agency. More Information is available at: www.nacdrivesystems.com

Forward-looking Statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Contact Information

  • Investor Contact:
    Kirin M. Smith
    Chief Operating Officer
    ProActive Capital Group
    D: 646.863.6519
    641 Lexington Avenue, 6th Floor
    New York, NY 10022
    www.proactivecapital.com