GEI Global Energy Corp. Announces DUE CARRARE MUNICIPALITY as Location for Italy Fuel Cell Deployment
GEI Global Energy Corp. (OTCBB:GEIG), a fuel cell electric power generation company, announces location for GEI ITALIA fuel cell technology showcase for Fall 2014. On July 9, 2014, GEI Global announced the JV partnership with the Italian firm Associazione Italiana per lo Sviluppo Economico (AISVEC) to leverage the global natural gas supply infrastructure to deploy its fuel efficient electric power generation devices within Italy and Europe. See:
K. J. Berry, GEI Global's Chairman and CEO, announced that company has received the final approval by the Mayor and City Council to locate the 5kW fuel cell power system within the city of DUE CARRARE, outside of Venice Italy. A pilot plant and technology showcase will provide over 6,000 kW-hr per month of combined heat and power (CHP) and will demonstrate clean, efficient, and environmentally friendly electric power systems applicable for public owned buildings, shopping malls, commercial real estate, and industries operating on Methane or Natural Gas.
'We as a community are a very excited to work with AISVEC and GEI Global to showcase this efficient alternative to grid generated central power,' stated Deputy Mayor : CLAUDIO GARBO. 'Furthermore', stated Garbo, 'Fuel Cell electric power generation systems are rapidly being adopted throughout Europe and we want to ensure that our community is on the leading edge when it comes to energy efficiency. This is even more important when considering GEI's ability to integrate with and to improve upon solar power generation efficiency.'
Alessio Montanarini, AISVEC Vice President, states: 'We are thrilled to be moving forward at this level and look forward to hosting the GEI Global technology showcase as we will invite over 3000 public authorities and private companies connected to our Association to review this technology. The competitive advantage of the GEI hybrid fuel cell electric power generation technology will address the paramount need to decrease the high energy costs in Europe, whose market amounts to 500 million people. Initially, the partnership will focus on the Italian market and later on the European one, the Balkans and CIS countries addressing the 3000 public authorities and private companies connected to AISVEC. To this end, AISVEC is also negotiating with governmental authorities in Central and Eastern Europe with regards to fuel supply, power requirements, and economic development.'
'The GEI goal is to remove the fuel infrastructure as a commercialization barrier, and to provide the GEI hybrid fuel cell electric power generation technology to large scale potential consumers and thereby lowering manufacturing costs,' stated Dr. K. J. Berry, GEI Chairman and CEO. 'The partnership between the two firms will enable European companies to install the GEI hybrid fuel cell cogeneration power system, and take advantage of the new EU Policy on Climate Change. Also, companies will be able to leverage the large scale methane and natural gas infrastructure system within Italy and the rest of Europe in support of grid independence and energy efficiency,' concluded Berry.
The pilot plant constitutes an example of a combined heat and power (CHP) fuel cell electric power generator to be installed within Europe and paves the way to creating a more efficient decentralized system of smart grids in accordance with new European environmental policies.
AISVEC is an Italian economic association with a worldwide presence, supporting public authorities and private enterprises with easy access to credit facilities, investments, lobbying and bilateral agreements with foreign authorities and/or private partners.
About GEI Global Energy Corp.
GEI Global Energy Corp is a fuel cell electrical power generation company leveraging a menu of novel and innovative fuel cell power systems technologies to provide clean and inexpensive energy solutions for developing economies.
For more information regarding GEI GLOBAL's vision for an energy secure future, please click on the following video link: http://private.geiglobal.com/wp-content/uploads/2013/06/who-is-gei5.mp4.
Safe Harbor Statement
This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2012 and beyond could differ materially from the Company's current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events.
Factors that could cause the Company's results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company's products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company's control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace including the ability to attract and retain customers, results of continuous improvement and other cost-containment strategies, and the Company's success in attracting and retaining key personnel. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information, since these statements may no longer be accurate or timely.