BUDAPEST, HUNGARY 9/4/07 -- Power of the Dream Ventures (PDV), Hungary's premiere technology acquisition company, orders technology demonstrator generator prototype for RiverPower.
"Today we placed an order to construct a technology demonstrator generator prototype we will need for RiverPower. It took some time to arrive at the final engineering blueprint, but the task has finally been completed. This prototype will also us to test the concept behind this slow rpm generator before building a full size version. We should have the demo unit in hand in approximately two months. If all goes as planned, we will follow it up with a full working version." commented Viktor Rozsnyay, President of the Company.
Since acquiring RiverPower on May 24, 2007 the Company has filed two patent applications to protect the technology, commissioned two 1/4th scale technology demonstrator prototypes, and completed engineering on the necessary generator.
The prototype will be hand built by Mihaly Disznos, an electrical engineer with 30 years of experience in prototype and small production run generator construction.
For more information please visit http://www.powerofthedream.com
This release may contain "forward-looking statements" for the purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current expectations about its future plans and performance, including statements concerning the impact of marketing strategies, new product introductions and innovation, deliveries of product, sales, earnings, and margins. These forward-looking statements rely on a number of assumptions and estimates which could be inaccurate and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statement made by the Company. Please refer to the Company's most recent Form 10-K and subsequent filings for a further discussion of these risks and uncertainties. The Company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
Power of the Dream Ventures, Inc. is a premier holding company focused on technology acquisition and development enabling the delivery of revolutionary concepts and ready to market products to the international market place. We provide hands on support by developing-, acquiring-, licensing-, or co-developing technologies by offering a full range of services designed to encourage and nurture growth by virtue of access to the expertise of Power of the Dream Ventures' management team, and their substantial network of advisors and contacts. We develop-, acquire-, license-, or co-develop technologies that originate exclusively in Hungary that are in prototype stage based on existing patents; in prototype stage prior to patenting; existing products that require expansion capital to commercialize; emerging science and high-technology research projects that require help in patenting, developing the product and marketing, University spin-off technologies and ideas from the very early stages on that represent "disruptive technologies."
Daniel Kun, Jr.
Source: Power of the Dream Ventures, Inc.