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SYMW...SymPowerco’s majority-owned (70%) subsidiary, Polygenic Power Systems’ Flowing Electrolyte Direct Methanol Fuel Cell not only runs on a renewable energy source, methanol, but we believe it has the potential to power the first practical and cost-effective fuel cell hybrid-powered vehicles offered to consumers. At SymPowerco, we believe we have the technology and the team required to bring an advanced, practical and rugged fuel cell to market.
SYMW...SymPowerco is an energy technology company focused on the design and development of clean and practical power and energy solutions. Our mission is to make practical Fuel Cell Hybrid Power Systems a commercial reality. Our unique Flowing Electrolyte Direct Methanol Fuel Cell offers a practical solution to a host of global environmental and energy challenges
SYMW...Over $4,000,000 has been invested in research and development of the SymPowerco FE DMFC. The development work included the successful construction and operation of a 5 Watt multi-cell FE DMFC that supplied power to a complete hybrid power system. The 5W unit included an electronic subsystem control package of sufficient capability to handle the entire FE DMFC development process to near-commercialization.
NXPN...Another key natural element is the ever-present possibility of large storms, tornadoes or hurricanes adding increased demands as we head towards the end of the summer and into early fall. A combination of hot summer months, turbulent fall weather, limited exploration and lowered overall natural gas production could lead to a significant demand increase and resultant price spike within a very short period of time.
NXPN...Norex Energy's Management believes that this combination of reduced exploration and production should inevitably end in a dramatic upswing in prices. The start of this resurgence could well be fueled early as temperatures climb during the summer months leading to increased energy demand, especially in those states such as California that rely heavily on natural gas powered electrical generation systems.
NXPN...This reduced exploration will accelerate the decline in output into 2010 with production forecast to fall 2.6 percent next year to 56.42 billion cubic feet a day as the report from the department's Energy Information Administration recently showed.
Furthermore, the number of rigs drilling for natural gas has dropped 56 percent from a peak of 1,606 in September and is at its lowest in more than six years, according to data from Baker Hughes Inc. Companies have cut back on gas exploration and production as the worst recession in five decades reduced demand from factories and power plants.
NXPN...These same analysts need look no further than our current national production figures. A key factor that supports the cutback of reserves is the widely stated government reports showing U.S. natural gas production to drop 1.1 percent to 57.93 billion cubic feet a day this year from 2008 production as lower prices prompt drillers to idle rigs. This production estimate is down from an estimate of 57.98 billion in the May Energy Department's monthly Short-Term Energy Outlook.
NXPN...A story published by Bloomberg recently identified that some analysts have reported that the fundamental picture is putting a short-term cap on gas at $4 with expectations of an inventory increase of at least 100 billion cubic feet. Several analysts also indicated a need to see real evidence that storage injections are being curtailed in order to see a return in demand that would justify predicting a sustained rally.
NXPN...SCOTTSDALE, AZ -- Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") wishes to advise that recent reports in the media as regards natural gas futures indicate potential trends and factors that could lead to significant opportunities within the sector.
NXPN...As an added incentive, the recent American Recovery and Reinvestment Act of 2009 signed into law by President Obama, offers extensive provisions for wind power via government incentives and tax breaks for renewable energy companies which include a 3-year Production Tax Credit (PTC) extension through the end of 2012, an option to elect a 30% Investment Tax Credit (ITC) in place of the PTC and a new $6 billion Department of Energy renewable energy and transmission loan guarantee program, which should fund around $60 billion in principal amount of guaranteed loans. Additionally, the Western Area Power Administration was granted the authority to borrow up to $3.25 billion from the Treasury to build renewable transmission lines in the western United States, including western Texas.
NXPN...An extensive Department of Energy study in 2007 said that building wind-based electrical generation capacity in the corridor could provide up to 20 percent of the U.S. power needs and create a potential for 138,000 new jobs in the first year with up to 3.4 million jobs over a 10-year span as the industry matures.
NXPN...The wind corridor runs from northern Texas through Wyoming to the Canadian border. The Texas panhandle is one of the premier wind energy corridors in the United States due to the low lying topography, constant wind velocity and favorable access to transmission infrastructure. Texas has consolidated its lead over California as the nation's number one wind power State based on installed capacity. In total, Texas wind farms now generate more than 4,300 Megawatts of wind power providing enough energy to serve 1.5 million homes.
NXPN...Norex is working with an industry group that brings a reliable history in the wind energy sector as regards the management of operations and logistics as well as access to state and federal government contacts and procedures. Norex's strategic plan is focused on the rapid development of an effectively managed and convergent "green energy" company offering an aligned portfolio of both natural gas and wind power assets.
NXPN...Company C.E.O. Mark Schaftlein states, "We are pleased to have an independent research firm review our overall operations and progress of the Company and to provide the resulting research report. In addition, we are continuing to review potential wind energy acquisition opportunities in Texas and Wyoming of which these acquisitions would be structured to generate an additional near-term revenue stream for our Company."
NXPN...SCOTTSDALE, AZ -- Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") today is pleased to announce that the Company has been advised that TRI-STATE Capital (TSC) has published a research report on NXPN. This report comes following the news that the Company will acquire a 50% working interest in two additional California gas projects that may represent an in-situ value greater than $50 million. To view the entire independent research report, please click on the attached URL: http://www.otclive.com
NXPN...Norex President, Mark Schaftlein comments, "We are very pleased to enter into this agreement. This addition to our portfolio is extremely positive and an excellent fit that will rapidly enhance our corporate goals towards becoming an innovative producer of clean energy solutions for America. We anticipate that we should be able to announce a formal purchase and sale agreement shortly. Further announcements will be made as quickly as they become available."
NXPN...
SCOTTSDALE, AZ -- Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") is pleased to announce it has entered into an agreement with Swiss-based resource management corporation Dominus Energy AG whereby Norex intends to secure a percentage interest of Dominus' working interest in a large, gas production play located in West Texas.
The Texas Gas Project currently consists of 22 existing production gas wells located adjacent to the town of Ozona in Crockett County, Texas. The project encompasses 12,900 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration.
NXPN...This news is a welcome announcement given that the commodities markets have responded as world stock markets rallied and investors banked on hopes that the global recession is easing. Norex believes that the prices for natural gas will continue to increase as the economy continues to show signs of recovery.
NXPN...SCOTTSDALE, AZ -- Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") is pleased to announce that the Company has now completed the execution of a definitive agreement in regards to the "Ozona Gas Project" with Swiss-based resource management corporation Dominus Energy AG.
Under the terms of the agreement, Norex has acquired a 63% Working Interest in the project located near Ozona in Crockett County, Texas. The agreement is based on future commitments whereby Norex will pay 100% of the cost of drilling and completion of the gas wells in exchange for their 63% Working Interest. Under the terms of the underlying agreement with the vendors and royalty holders, Norex will receive a 47.5% Net Revenue Interest in all natural gas production from the project.
NXPN...
About the Ozona Gas Project:
The project encompasses approximately 9,000 acres and is a well documented and prolific location enjoying the presence of actively established companies such as Chesapeake, Devon, EOG, XTO, and Quicksilver Exploration. Norex is currently producing gas at Ozona. Norex has acquired a 63% Working Interest in the project located near Ozona in Crockett County, Texas. Under the terms of the underlying agreement with the vendors, Norex will receive a 47.5% Net Revenue Interest in all natural gas production from the project.
NXPN...The natural gas well was drilled, cased, completed and stimulated in the Wolfcamp Canyon Sandstone Formation. Upon tie-in to the pipeline infrastructure, the well has been producing gas since May of 2009 at daily rates of 200 MCF per day.
Estimates of gas reserves associated with this well are approximately 0.5 BCF. The gas is sold under a purchase agreement with Eagle Rock Energy and is currently priced at a bid-week production price of $4.04 per MCF.
This initial well is the first of 20 wells that will be drilled and completed on the leased acreage. Further details will be announced to stakeholders regarding the timing of the on-going development plan at the Ozona Project.
NXPN...SCOTTSDALE, AZ--Northern Explorations Ltd. (OTCBB: NXPN) ("Northern," "Norex" or the "Company") is pleased to announce that the Company has acquired its first gas well at the Ozona gas project, Crockett County, Texas as part of its acquisition agreement with Dominus Energy AG.
The gas well is included as part of the package acquired at the Ozona Project by the Company and provides Norex with a current producing asset with daily gas production sales. Northern Explorations d.b.a. Norex Energy is therefore in production at Ozona
NXPN...Norex Energy (Northern Explorations Ltd.) is an energy exploration Company currently developing natural gas projects across North America. The Company has acquired working interests in natural gas assets located in Texas as well as projects in California and Alberta, Canada. The projects contain documented gas reserves and associated plant, pipeline and infrastructure currently in place.
NXPN...Norex also acquires a network of 5, six-inch natural gas pipelines that connect to a major trunk line operated by Encana and that extend towards three gas wells ready for tie-in. The final permitting application process and licensing of the plant will be completed shortly, thereby allowing Norex to put the project on line and to commence production. Further details will be announced as they become available.Norex is currently finalizing the Purchase and Sale Agreements with the vendor to complete the aforementioned transaction and anticipates closing shortly with full details to be announced within 10 days.
SYMW...The Canadian and US governments are both interested in DMFC power supplies for long-haul tractor/trailers. To allow time for drivers to rest, these trucks are forced by regulations to park for several hours. During this time the tractors' diesel engines are often running, wasting millions of gallons of diesel fuel per year. The DMFC may eventually be required by regulation so that the tractor cabs and trailers retain power for lights, heat, air conditioning and refrigeration without requiring the engine to be running. It has been indicated that the governments may be willing to provide development funding for this purpose.
SYMW...The company anticipates a large market for stationary power supplies. There is a strong movement within the power utility industry around the world to provide sources of electricity other than the conventional hard wiring of buildings.It's estimated that in India 50% of middle class homes have gasoline powered portable generators and battery backup systems that are required due to the frequent power grid outages. The DMFC could find a significant market in these applications. Since methanol can be produced from biomass, it is a renewable energy source and is often plentiful in developing countries where the DMFC could have major appeal.
SYMW...SymPowerco also expects that the retrofit markets for its hybrid power systems will be very large.
Since most electric vehicles would have a two thirds reduction in both battery weight and space requirements after a hybrid power system retrofit, these vehicles would have more than enough available space available in them for the fuel cell and charger. In golf carts that are used frequently, the batteries wear out and are expensive to replace. SymPowerco believes that it will be very cost advantageous to replace these old batteries with new fuel cell technologies and thus extend the life span of these vehicles.
SYMW...Besides golf cars, hybrid power systems are applicable for use in motorbikes, tuk-tuks and many industrial vehicles such as fork lifts. In the densely populated Far East, the motorbike is an important means of transportation. Taiwan, alone, has millions of these low-powered bikes in use. They present a huge pollution problem and many initiatives have been attempted to convince consumers to switch to electric bikes.
SYMW...The battery supplies the energy for these power peaks and the fuel cell “tops off” the battery while the vehicle is stopped, moving downhill or otherwise drawing low power. An added safety and convenience factor is that even in the unlikely event that the battery goes dead, the fuel cell would still be able to “get you home”, but at a lower speed.
SYMW...A particular benefit of fuel cell powered hybrid systems is that the power output of the fuel cell needs to be only about 25% to 30% of the power output of the electric motor that drives the vehicle. This is because the fuel cell runs continuously at constant output while the motor must have sufficient power for peak outputs during acceleration and hill-climbing, etc.
SYMW...Flowing Electrolyte DMFC-powered hybrid power systems offer the advantage of an onboard battery charger that constantly maintains the battery charge as long as the golf car’s methanol tank is refilled, a simple and safe task that can be performed anywhere. The fuel cell powers the charger and the charger maintains battery charge while the battery provides power for the vehicle’s drive motor. The resulting loss of battery weight means that the lighter golf car is easier on the golf course, requires a lighter frame, requires less energy to run and reduces battery deep-discharge cycles that can limit the battery’s life.
SYMW...In these types of vehicles, the fuel cell hybrid power system would allow about two thirds of the current battery weight to be eliminated. Golf cars contain over 300 pounds of lead acid batteries in order to provide sufficient energy for two rounds of golf. Because the batteries only last for 2 rounds, busy golf courses often require almost 2 complete fleets of golf cars in order to maintain adequate numbers of available, recharged cars for golfers.
SYMW...SymPowerco believes that the largest users of FE DMFC Hybrid Power Supplies will be Original Equipment Manufacturers (OEM) of small to medium vehicles such as golf cars, electric motorbikes and tuk-tuks (electric 3-wheeled rickshaws or taxis).
SYMW...Fuel cell systems are being developed for use in a variety of applications, including stationary power generation, portable applications and transportation. Fuel cell systems have several advantages over conventional power generation systems, including low or no pollution, higher fuel efficiency, quiet operation, potentially lower maintenance costs, lower capital costs, small heat signature and greater flexibility in installation and operation. These advantages enable fuel cells to offer clean and efficient alternatives to the existing polluting and less efficient power sources.
SYMW...The completion and testing of the 5W unit proved the feasibility of the Flowing Electrolyte DMFC program, answered many research and development questions and paved the way for the ramping up of the FE DMFC program now being undertaken by SymPowerco.SymPowerco with its development partners will announce the FE DMFC development objectives and activities in the near future.
SYMW...Over $4,000,000 has been invested in research and development of the SymPowerco FE DMFC. The development work included the successful construction and operation of a 5 Watt multi-cell FE DMFC that supplied power to a complete hybrid power system. The 5W unit included an electronic subsystem control package of sufficient capability to handle the entire FE DMFC development process to near-commercialization.
SYMW...One of the main advantages of a flowing electrolyte system is simple thermal and water management and the possibility to remove reaction products and impurities continuously during operation. The system can be shut down completely and restarted as desired, which, unlike other fuel cells, allows only actual operating hours to be considered part of the fuel cell’s life-cycle. In fact, it is anticipated that interruptions improve or revive the catalysts as has been clearly established for larger scale flowing electrolyte types of fuel cells like the alkaline and acidic systems.
SYMW...The FE DMFC has several other advantages over the PEM DMFC. The most important is superior startup and shutdown performance. When the FE DMFC is shut down the electrolyte is drained from the cell thereby shutting down the fuel cell with no residual voltages. The PEM DMFC shuts down with high voltages present causing degradation of expensive catalysts and other components. The FE DMFC also shows much more constant voltage over its output range than the PEM DMFC, which experiences voltage drop at high output.
SYMW...In the SymPowerco Flowing Electrolyte Direct Methanol Fuel Cell or FE DMFC, the expensive PEM is replaced by a flowing electrolyte, sulfuric acid, the same acid found in automobile batteries. A PEM is also required in the FE DMFC but it can be a far less expensive PEM with much lower resistance. This cheaper PEM allows some crossover of methanol but the flowing electrolyte removes the methanol, thus increasing fuel cell efficiency by about 30%. The result is a lower cost and more efficient DMFC and a probable smoother and cheaper route to commercialization.
SYMW...SymPowerco’s majority-owned (70%) subsidiary, Polygenic Power Systems’ Flowing Electrolyte Direct Methanol Fuel Cell not only runs on a renewable energy source, methanol, but we believe it has the potential to power the first practical and cost-effective fuel cell hybrid-powered vehicles offered to consumers. At SymPowerco, we believe we have the technology and the team required to bring an advanced, practical and rugged fuel cell to market.
SYMW...Since the earliest days of manned space flight, the fuel cell has provided power for space craft. On July 20, 1969, the Apollo 11 Lunar Module landed on the moon. Its Command Module was powered by fuel cells. For decades man has reliably and safely powered space craft (and submarine systems, as well) with fuel cells, but a practical fuel cell, capable of powering even a small vehicle, has yet to be brought to the consumer market.
SYMW...SymPowerco is an energy technology company focused on the design and development of clean and practical power and energy solutions. Our mission is to make practical Fuel Cell Hybrid Power Systems a commercial reality. Our unique Flowing Electrolyte Direct Methanol Fuel Cell offers a practical solution to a host of global environmental and energy challenges.
SYMW...Mr. Dillon brings extensive corporate and capital market experience to SYMW and has held executive management positions with several successful companies including Petroleum Card Services and Nutritional Supply Corporation. As CEO of McDill Investments, a firm specializing in mergers and acquisitions, Mr. Dillon participated in the launch of several companies and assisted in the process of taking them public.
SYMW...SymPowerco has entered the race to provide Alternative Energy and Power Solutions to consumer and industrial markets through its acquisition of the FE DMFC and related technologies. The company believes that its unique technologies can effectively compete in a projected fuel cell market demand of over $40 billion per year.
EWKS...Mr. Humphries is a well respected entrepreneur, marketing and broadcasting executive. Humphries is a 30-year broadcast professional and is considered a pioneer in Spanish Radio/TV with extensive executive corporate management, general management and sales management in running both Spanish and General Market broadcast groups.
EWKS...Mr. Humphries is a well respected entrepreneur, marketing and broadcasting executive. Humphries is a 30-year broadcast professional and is considered a pioneer in Spanish Radio/TV with extensive executive corporate management, general management and sales management in running both Spanish and General Market broadcast groups.
EWKS...CageMonster.com will be a deeply local, information hub that connected individuals, Mixed Martial Arts professionals and MMA fighters to fight news, injury reports, fighter statistics and ratings for about 500 of the best fighters in the world. As we aggregate and organize MMA sports writers, MMA photographers, MMA fighter and MMA promoters, providing the most up-to-date specific fighter related statistical information, fighter ratings, biographic, high resolution photos and streaming of the fight promotion. Revenue for this project is generated through monthly subscriptions and advertising.
EWKS...Adults 50+ represent seventy million people - 28% of the entire population. Demographic trends associated with the aging of Boomers, plus gains in longevity will grow this market to over 106 million by 2015. The demographic of today that supports talk radio hungers for the songs and recording artists who provide memories of better days. This music is only available from Hit Parade Radio! The only 24/7 satellite-delivered radio format that targets the 50+ audience…with the greatest hits of the '50s through the '70s.
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