SOURCE: Pure Energy Visions Corporation

May 14, 2008 08:00 ET

Pure Energy Visions Corporation and Powercast Corporation Sign Memorandum of Understanding for Unique Wireless Power System

TORONTO--(Marketwire - May 14, 2008) - Pure Energy Visions Corporation (TSX-V: PEV) (FRANKFURT: XYQ) ("Pure Energy") and Powercast Corporation ("Powercast") announced the signing of a memorandum of understanding ("MOU") today to jointly work together to develop and market a unique wireless power system that combines Powercast's Remote Power Technology and Pure Energy's Rechargeable Alkaline battery technology.

Powercast is in the business of the development and commercialization of wireless power technologies. Powercast's Remote Power Technology is designed for low power applications that make use of Radio Frequency ("RF") energy. The RF energy is broadcast from a device called a Powercaster™ Module that plugs into the wall. Under the MOU, Pure Energy and Powercast will work together to integrate Powercast's patented receiver technology (Powerharvester™ Module) and Pure Energy's Rechargeable Alkaline technology into a variety of portable electric devices. When the device, such as a computer mouse, is in range of the Powercaster™, the receiver converts the radio waves into DC energy that charges the battery and in turn powers the device. In examples such as a wireless computer mouse, the product would last for several years without requiring new batteries. This wireless technology is ideally suited for applications such as wireless data terminals, wireless keyboards/mice, flashlights, lighting, MP3 players, phones, remote controls, toys, wireless headsets, medical devices, and industrial/military devices.

Following extensive lab and field testing using several battery technologies, Powercast concluded that Pure Energy's Rechargeable Alkaline battery technology is the ideal rechargeable battery for Powercast's Remote Power Technology. Using 2 AA Pure Energy Rechargeable Alkaline batteries and their Remote Power Technology, Powercast successfully operated a temperature/humidity sensor at the Pittsburgh Zoo & PPG Aquarium for the duration of a one year test, as compared to using single-use alkaline batteries which were required to be replaced every few weeks.

"We are very excited at the compatibility of Pure Energy's Rechargeable Alkaline battery technology with Powercast wireless power capabilities, as it applies to a wide range of consumer and commercial electronic power applications," stated John Shearer, CEO and Founder of Powercast. "These two technologies are very complementary in the ability to provide a highly differentiated rechargeable power solution."

Pure Energy is in the business of developing and commercializing energy storage technologies for the international retail and OEM battery markets. The Company's proprietary Rechargeable Alkaline technology is sold in over 12 countries through a number of leading retailers and Original Equipment Manufacturers (OEMs). Pure Energy's Rechargeable Alkaline batteries are currently used in wireless computer keyboards and mice as well as solar garden lights, solar clocks and smoke detectors.

"Integrating our Rechargeable Alkaline batteries with Powercast's remote power capabilities will further enhance Pure Energy's portfolio of rechargeable solutions," stated Paul Simmonds, Pure Energy's President & CEO. "The ability to remove cords and connectors from the process of recharging batteries improves consumer convenience and electronic reliability."

About Powercast Corporation:

Since 2003, Powercast™ has been a pioneer in the field of wireless power. With more than 100 patents filed worldwide and key relationships with leading academic institutions, Powercast has been successfully developing breakthrough technologies that enable designers and manufacturers to shatter the limits of conventional power solutions. These technologies introduce new dimensions in flexibility, mobility, efficiency and simplicity. The Powercast Wireless Power Consortium provides leading designers and manufacturers with early access to current and future wireless power technologies and solutions. To learn more, visit www.powercastco.com.

About Pure Energy's Rechargeable Alkaline Batteries:

Pure Energy's advanced formula AA and AAA size Rechargeable Alkaline batteries are the only rechargeable batteries that can be used in any application that uses throw-away alkaline batteries. They can be recharged hundreds of times leading to cost savings for consumers and less greenhouse gas emissions and waste entering landfill compared to throw-away alkaline batteries. Rechargeable Alkaline batteries do not contain heavy metals such as cadmium or mercury and offer several performance and cost advantages over other rechargeable batteries including an industry leading 7 year shelf life -- 40 times longer than regular rechargeable NiMH batteries.

About Pure Energy Visions Corporation:

Pure Energy is an international consumer and commercial products company focusing on cost effective, environmentally responsible products. The Corporation is a leading supplier of rechargeable battery products sold under private label and under the Pure Energy™ and Perfectly Natural Solutions™ brands. Through a growing network of strategic partners and distributors, products are sold in over 12 countries by leading retailers and Original Equipment Manufacturers (OEMs). The websites of Pure Energy are http://www.pureenergybattery.com & www.perfectlynatural.com.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators. We do not undertake any duty to update any forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release, and does not accept responsibility for the adequacy nor accuracy of this information.

Contact Information

  • Contacts:

    Pure Energy Visions Corporation:
    Paul W. Simmonds
    President and CEO
    (905) 764-9457 ext. 249
    Email Contact

    Powercast:

    Steve A. Day
    Sr. Director of Marketing
    566 Alpha Drive
    Pittsburgh, PA 15238
    (724) 238-3700
    Email Contact