BOLOGNA, ITALY--(Marketwire -06/07/12)- Great Wall Builders, Ltd. (GWBU) is pleased to announce that The Company has signed an international distribution contract with Coopsette Soc Coop ("Coopsette") the summary details of which are reported herein.
As previously announced on June 5, 2012, the Company is pleased to continue to report they have completed negotiations and signed the international distribution contract with Coopsette for the Start FEED units, specifically focusing on their network in the African markets.
The contract calls for a minimum purchase of EUR120,000,000 in Start Fuel Efficiency and Emission Device (FEED) units in the first three (3) years.
The contract summary is as follows:
1. The Company will provide three (3) Start Feed Unit lines as follows:
a. The "Start 2" Unit: Servicing small engines including 2-cyclinder
and 250 cc engines (for example, 2 stroke engines and small cars)
b. The "Start 3" Unit: Servicing automobiles with 4 cylinder, 6
cylinder and 8 cylinder vehicles, and:
c. The "Start 4" Unit: Services diesel trucks and buses.
2. Contract delivery will be quarterly starting with 9,300 units that will
be delivered by September 30th, 2012 and a continued 9,300 units per
quarter thereafter, whereby final delivery will be no later than
September 30th, 2015 for a total of 120,900 Start FEED units.
3. Payment for the units is drawn down against the bank guarantee within 15
days of delivery, for a minimum total contract value of EUR120,000,000
over the period of the contract.
4. The units will be manufactured by Start Technologies Europe sro (100%
owned subsidiary of GWBU) based in Topol'cani, Slovakia, the European
distributor for the Start Unit and is guaranteed against defect and non-
performance for a period of 24 months.
"We are extremely pleased to be entering the emerging markets with Coopsette; some of the greatest returns our products are seeing both in terms of fuel-savings and emission reduction are in these countries." reports President and CEO of GWGU, Mr. Daniele Brazzi, "This is a huge accomplishment for our company and bodes well for our investors as some of the greatest returns for companies have been in these emerging markets - we are extremely pleased as how well our suite of products are being received".
The Company will be filing the 8k public disclosure with the Securities and Exchange Commission next week.
About Coopsette Soc Coop
Coopsette is involved in large public infrastructure projects, mainly in the rail markets, highway and sea, both as a general contractor as the owner of project financing. The story of Coopsette has its roots in the early twentieth century, when the territory of Reggio Emilia developed the first production cooperatives and labor, who worked in the construction industry. Founded in 1977, thanks to the unification of important cooperatives, Coopsette today is a company that remains in the field of building its core business - promotion of large projects of urban transformation, the establishment of infrastructure concession or contract, as well as the management of important manufacturing activities are now being experienced by Coopsette with the same with the same commitment and passion of a century ago. Coopsette operates mainly in the construction of large infrastructure projects, both in concession contracts, and projects of urban transformation. For more information, please visit http://www.coopsette.it/.
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.
Start's patent-pending 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, 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.
About Great Wall Builders, Ltd.
Great Wall Builders, Ltd. (operating as "Start Technologies Europe I.G." or "Start Technologies") owns the exclusive manufacturing and distribution rights to the 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. The technology uses a high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter more volatile molecules. The patent-pending device produces a number of important benefits, including; lower emissions; reduced fuel consumption; and improved engine performance. 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. For more information, visit www.StartTechnologiesCorp.com.
This press release may contain forward-looking statements with respect to business conducted by Great Wall Builders, Ltd. 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.