Golden Age Resources Inc. (GDAR) Takes Major Step Forward By Placing Its First Purchase Order For a Complete Fuel Cell System.
PALM BEACH GARDENS, Fla., May 14, 2015 — GOLDEN AGE RESOURCES, INC., (OTC PINK: GDAR) an energy provider for large-scale “Green” power plants in Latin America and the Caribbean, today placed a signed purchase order for a complete 5KW bio-fuel demonstration fuel cell system with our Strategic Alliance Partner, GEI Global Energy Corp. The placement for a complete operating demonstration unit will be an integral part of the 100KW Cogeneration Pilot Project in Mexico that is planned for construction. The GEI X5 fuel cell will be able to produce 5kW/hour or 43,000kw/hr./year.
Mr. Thomas Wolff, Vice President of Golden Age Resources Mexico S de R.L. stated: “The purchase of this unit allows for us to demonstrate the efficiencies of this new fuel cell technology in Mexico.” Mr. Wolff further stated, “This unit allows us to produce and store electricity from produced methane biogas as biofuel and to show its effectiveness to both private, and public entities.”
This unit will also demonstrate the capabilities of larger units that will be able to increase capacity and output till the full capacity of the Cogeneration Pilot Project of 2MW/hr. has been attained. The 5KW unit with energy storage can be interfaced with solar panels and also will also include a CHP heat exchanger for the heating of water and also includes 120/220vSP AC out and 48VDC out.
Mr. Terence Byrne, CEO of The Company commented, “With the purchase of this initial GEI X5 unit, we are now capable of demonstrating a fully functioning unit not only just in Mexico, but also the Caribbean and Brazil. We are very excited to bring this exciting new wave of fuel cell technology to market.”
The 100KW Cogeneration Pilot Project is planned as an Energy facility is being built as part of a 2MW/hr output scalable WTE (Waste to Energy) plant by using organic municipal and/or sisal waste. Construction is set to begin in Q4 of 2015, with an estimated build time and installation of 6 months. The plant is scheduled for operation by Q2 of 2016.
The Company continues to develop both commercial and residential “Green” energy power production from both WTE and solar powered systems to increase operational cash flow for the Company during this demonstration period.
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, has re-directed its core business to technology and Latin American and International solar energy markets providing project development, medium and long-term finance solutions and investments into solar energy related projects. This re-direction promises enhanced corporate and shareholder values.
Forward Looking Statements: This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources, Inc. undertakes no obligation to update such statements.
Contact: Investor Relations
Mr. Joseph Sirianni
Telephone (800) 728-2047
EGM Firm Inc.
Source: Golden Age Resources, Inc.
7711 N. Military Trail
Palm Beach Gardens, FL 33410
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SOURCE Golden Age Resources, Inc.