BOLOGNA, ITALY--(Marketwire -05/18/12)- Great Wall Builders, Ltd. (GWBU.OB) is pleased to announce the appointment of NESS Tech GmbH as its exclusive agent for the European Union and other select European markets.
The five (5) year agreement calls for a minimum wholesale purchase of EUR8,000,000 in Start Fuel Efficiency and Emission Device (FEED) units in the first year, with the requirement to increase the minimum purchase by 10% per annum in successive years.
The contract territory includes all the countries of the European Union with the exclusion of Italy, United Kingdom and Ireland.
The contract also includes the territories of Norway, Ukraine, Turkey, Croatia, Serbia, Bosnia Herzegovina, Montenegro, Macedonia, Albania and Kosovo.
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 NESS Tech GmbH
Established in 2010, NESS Tech is an Austrian based company active in the energy saving sector. They have developed technology designed to reduce energy consumption from lighting systems in both commercial buildings and in residential settings. The efficiencies achieved are obtained without any drop in voltage, and do not affect the actual operation of the lighting systems in place.
The Company actively markets their products in Austria, and has a network of distributors in Germany, Poland, Turkey, France, and Romania.
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.