SOURCE: TransAct Energy Corp.

TransAct Energy Corp.

December 16, 2010 06:30 ET

TransAct Energy Securing Additional Energy Technologies

New Age Wind, Thermal and Battery Power Systems Added to Technology Mix

SAN ANTONIO, TX--(Marketwire - December 16, 2010) - TransAct Energy Corp. (OTCBB: TEGY) in its pursuit of providing a holistic approach to each electrical power market it enters, has endeavored to secure cutting edge knowledge and technologies in thermal, geothermal, solar, wind, waste to energy and fuel cell power production. To date TransAct has been successful in obtaining proprietary geothermal, solar and fuel cell technologies for its market. We are pleased to announce that we are now finalizing arrangements for licensing and distribution of new age wind generators, hydrogen generators, coal efficiency enhancement processes, fly ash decontamination, waste to energy and battery technologies.

The technologies in question are coming through four different companies we are associated with and final agreements for licensing and distribution will be in place early in the New Year. Having said this we are already looking to apply the coal enhancement technology and the fly ash technology to the design of three of the large clean coal plants we are currently bringing to fruition in Asia/Africa. The fly ash technology is also applicable to the waste to energy fly ash. The technology is able to economically remove all contaminating metals, allowing the ash to be used for concrete and road bead. Besides our own use of these technologies we will be able to license other existing coal fired power plants, aiding in making them less invasive on the environment.

As we move each technology forward we will disclose the same in detail. With a full mix of sustainable and alternative power technologies we can now provide full solutions to our customers. We are no longer limited to on-grid power solutions and can now go into remote communities (off-grid locations) and provide them with affordable power solutions. In many of our Asian/African markets this is critical when transmission infrastructure is not available.

About TransAct Energy Corp.

TransAct Energy Corp. is a Texas-based company. Our business is the development, production, management and conservation of electricity through sustainable electricity projects. Our focus is energy produced from geothermal, solar and municipal waste. Our power conservation technologies are centered on technology innovations including hydrogen fuel cells and low temperature geothermal. Please visit www.transactenergy.com

Forward-Looking Statements

The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. The federal securities laws provide a limited "safe harbor" for certain forward-looking statements. Forward-looking statements in this news release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

Contact Information

  • CONTACT INFORMATION:
    Rod Bartlett
    President & CEO
    (702) 715-2001
    Email Contact