BOLOGNA, ITALY--(Marketwire -06/21/12)- Great Wall Builders Ltd. (GWBU) (or "the Company"), operating as "Start Technologies Europe s.r.o." ("Start Technologies"), and NESS Tech GmbH, Start's exclusive European distributor, is pleased to announce the appointment of Cogedev R.C. and RSI Electro SRL, as its agents for the Romanian market.
As previously reported on May 18th, 2012 NESS Tech GmbH is the exclusive GWBU agent for the European Union and other select European markets.
The five (5) year distribution contract between NESS Tech and Cogedev R.C. and RSI Electro SRL outlines a minimum wholesale purchase of EUR700,000 in Start Fuel Efficiency and Emission Device (FEED) units in the first 12 months, with the requirement to increase the minimum purchase by 10% per annum in successive years.
About The Start Fuel Efficiency and Emissions Device (FEED)
The Start Fuel Efficiency and Emissions Device (FEED) is a patent-pending, fuel-conditioning technology that reduces fuel consumption and polluting emissions, while increasing engine horsepower. The Start FEED technology discharges a high-voltage electric current at a specified frequency and wavelength into fuel at ambient temperatures prior to its entry into the engine. Using a patent-pending technology, this high-voltage electric current breaks long-chain hydrocarbon molecules into shorter, lighter more volatile molecules.
This process is known as "cracking" in the petroleum refinery industry, where it is used to convert feedstock oil into gasoline, diesel and other products, including butanes, propane, propylene, ethane and methane. When conventional gas and diesel fuels are reconditioned by the Start FEED unit, they become more flammable and burn more completely in the combustion chamber.
The technology can be applied to a variety of different types of engines, both diesel and gasoline powered, heavy equipment as well as consumer vehicles.
About Great Wall Builders
Great Wall Builders (GWBU), operating as "Start Technologies Europe I.G." ("Start Technologies"), owns the exclusive manufacturing and distribution rights to the patent-pending Start Fuel Efficiency and Emission Device (FEED), an aftermarket device for internal combustion engines that enhances performance by causing fuel to combust more efficiently and completely. For more information, please visit www.StartTechnologiesCorp.com.
This press release may contain forward-looking statements with respect to business conducted by Start Technologies Europe I.G. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.