Portable Generator Stock Alert: Powerdyne International (PWDY) CEO Makes Formal Presentation to the President and CEO of the Worcester Regional Chamber of Commerce for the Company's Main Manufacturing Facility
Company Considers a Wide Range of Benefits in a Potential Move to Worcester, MA
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WARWICK, RI - October 15, 2013 (www.investorideas.com newswire) 1664.5 0.95% Powerdyne International, Inc. (PWDY), a manufacturing company that builds and leases electrical generation equipment, today announced its CEO Dale Euga made a formal presentation of the Powerdyne Genset technology to Timothy Murray, President and CEO of the Worcester Regional Chamber of Commerce and his staff. It is the company's intention to establish its main manufacturing facility in the central Massachusetts city of Worcester. Euga said this location will enable Powerdyne International to take advantage of the labor force and the multiple transportation assets of the city. In addition, Euga said geographically, the location is ideal for transportation purposes since the Powerdyne Genset can easily be transported by air, rail, or truck to interstate and international customers.
At the conclusion of the presentation, Euga said he believed that Mr. Murray recognized the wide range of mutual benefits should both sides move forward with establishing the manufacturing facility in Worcester. In fact, according to Euga, the President offered to bring about all available resources of the city government to assist PDIs in its relocation efforts to Worcester. Available options for buildings or other suitable manufacturing space that was known to be immediately vacant was proposed for PDI consideration. The company anticipates a more detailed list of space to be made available to them from the mayor's office shortly.
About Powerdyne International, Inc.
Powerdyne International, Inc (www.PowerdyneInternational.com) is a manufacturing company that builds and leases electrical generation equipment including its own portable electrical power generation equipment called PDIGenset (which is patent and trademark pending).
The PDIGenset is a self contained generator using a modified radial air cooled aircraft engine to drive a 1-megawatt (MW) generator. The PDIGenset, runs on natural gas, propane or almost any gaseous fuel. It is compact, lightweight, clean burning, produces low emissions and is extremely energy-efficient.
PDIGensets are designed to be installed at virtually any location. The genset is leased and maintained by PDI. Although the company's target customer will typically use its PDIGenset to produce its own primary electrical power, however, the genset is useful in any situation where reliable power is needed.
PDI is founded on the ability to produce primary electrical power using proprietary technology which makes electricity cheaper than existing means of producing primary electric power. PDI expects that the difference between its cost of generating electricity versus what the customer's current cost is will result in substantial savings.
For more information on Powerdyne International go to: www.PowerdyneInternational.com
This release may contain "forward-looking statements" that are within 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 with the Securities and Exchange Commission 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.
Powerdyne International, Inc.
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