| By PR Newswire | Article Rating: |
|
| December 6, 2005 05:22 PM EST |
ST. PETERSBURG, Fla., Dec. 6 /PRNewswire-FirstCall/ -- On November 29, 2005, World Energy Solutions, Inc. (BULLETIN BOARD: WEGY) (WES) acquired all right, title, and interest in and to a patent for "Method and Apparatus for the Production of Hydrogen and Oxygen" (Patent # 11254593) from Robert J. dePalo. This patent was acquired in order to further develop the described invention for the economical production of hot water on demand.
"We are very excited about our acquisition of these patent rights," says Benjamin Croxton, Chief Executive Officer and Chief Financial Officer of WES. "Our prototype apparatus, utilizing our technology, has heated ground water from 70 degrees F to 195 degrees F in less than 15 seconds using common household electrical current at a cost of 6 (six) 10ths (6/10) of a penny per minute," says Croxton.
"Utilizing common household current to create hydrogen/oxygen gas (from water) allows us to operate our design anywhere in the world where there is electricity. It is the goal of WES to further develop this technology for potential use in commercial, industrial, residential and military applications," stated Croxton.
World Energy Solutions, Inc. now trades under the OTCBB: Symbol WEGY (WES was formerly Advanced 3-D Ultrasound Services, Inc. trading under the OTCBB: Symbol AVDU).
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as World Energy Solutions "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe World Energy Solutions' future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of World Energy Solutions, which could cause actual results to differ materially from those currently anticipated. Although World Energy Solutions believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and World Energy Solutions does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
CONTACT: World Energy Solutions St. Petersburg, FL Paula Scott, Director of Investor Relations ir@wesinc.net (727) 525-5552
World Energy Solutions, Inc.CONTACT: Paula Scott, Director of Investor Relations, World Energy
Solutions, +1-727-525-5552, or ir@wesinc.net
Published December 6, 2005
Copyright © 2005 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- Kindle 2 vs Nook
- Is Cloud Computing Like Teenage Sex?
- GovIT Expo Highlights Cloud Computing
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- Cloud Computing Can Revitalize Your Career as Software Developer
- Ubuntu-based Open Source Linux Mint Tests KDE Version
- Yahoo! SVP Shelton Shugar to Discuss Innovation at Cloud Computing Expo
- Virtualization Journal "Readers' Choice Awards" Voting Is Now Open
- Einstein, Sharks and Clouds: IT Security in the Cloud
- Adobe Flex Developer Earns $100K in New York City
- Virtualization Expo Call for Papers Deadline December 15
- Amazon Web Services Database in the Cloud
- Kindle 2 vs Nook
- Cloud CEOs, CTOs & SVPs to Speak at 4th International Cloud Computing Expo
- Is Cloud Computing Like Teenage Sex?
- 1st Annual GovIT Expo: Letter from the Technical Chair
- Ulitzer News: Search vs New Media
- The Difference Between Web Hosting and Cloud Computing
- Cloud Computing Expo: Exclusive Q&A with Yahoo! SVP Cloud Computing
- Confessions of a Ulitzer Addict
- GovIT Expo Highlights Cloud Computing
- Twitter, Linked In, Ning and Ulitzer: Easy Personal Branding Strategy
- My Thoughts on Ulitzer
- Tactical Cloud Computing Panel at 1st Annual GovIT Expo
- The i-Technology Right Stuff
- Linux.SYS-CON.com Exclusive: Linus Discloses *Real* Fathers of Linux
- After Ubuntu, Windows Looks Increasingly Bad, Increasingly Archaic, Increasingly Unfriendly
- Linus' Top Ten SCO Barbs
- A Closer Look at Damn Small Linux
- Netscape Co-Founder's 12 Reasons for Growth of Open Source
- Introducing "Cooperative Linux" - Linux for Windows, No Less
- *POINT - COUNTERPOINT SPECIAL* What's Wrong with the Open Source Community?
- Where Are RIA Technologies Headed in 2008?
- Linux.SYS-CON.com Exclusive: What Would UserLinux Look Like?
- i-Technology Viewpoint: The New Paradigm of IT Buying
- Is Linux Desktop-Ready Yet...or Not?































