MIAMI, FLORIDA--(Marketwire -05/31/12)- Great Wall Builders, Ltd. (GWBU) (operating as "Start Technologies Europe s.r.o" or "Start Technologies") is pleased to announce the appointment of B.U.T.WACTUR Waclaw Mroz as its exclusive distributor in Poland.
The five year agreement stipulates a minimum purchase of EUR600,000 in Start Fuel Efficiency and Emission Device (FEED) units in the first 12 months. The contracted amount will increase by 10% in each of the following four years.
The agreement followed closely on the completion of road tests conducted on a number of Wactur buses in January, 2012. A total of 5 Mercedes Tourismo coaches, and 2 BOVA FHD coaches were included in the tests. Wactur noted a dramatic reduction in emissions, as well as increased mileage in the range of 14%.
Poland has a population of 38.5 million people, with the number of vehicles estimated at 17 million. Roughly 40 per cent of this fleet is more than 11 years old, while 20% is more than 15 years old. Less than 15% of all vehicles were manufactured after 2002. While the country imports approximately 1 million vehicles annually, used vehicle sales outnumber new by a ratio of 4 to 1.
"This data would indicate that the Polish market lags well behind in terms of fuel efficiency and tailpipe emissions, due to the older technology employed by an aging fleet. This makes it an ideal market for the Company's Start FEED products, as improvements in gas mileage are more dramatic in older, rather than newer, vehicles." Company president and CEO, Daniele Brazzi commented.
"We have begun to fill orders into this market, although the numbers are still limited at this early stage.
Now that we are seeing proven demand in a number of different markets, it is becoming more important to ramp up production facilities to meet this demand. We are currently finalizing plans to set up production facilities in a number of different strategic locations to service the growing number of markets in which we have distribution agreements. We expect to be able to provide more definitive plans in the coming weeks regarding these exciting developments."
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 FEED technology functions by discharging an electric current at a specified frequency and wavelength into the fuel at ambient temperatures prior to its entry into the combustion engine.
Using this patent-pending technique, the high-voltage electric current breaks long-chain hydrocarbon molecules into shorter, lighter, more volatile molecules. Conventional gas and diesel fuels reconditioned by the Start FEED unit become more flammable and burn more completely in the combustion chamber.
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. The patent-pending Start FEED is the only known technology proven to accomplish the cracking process directly into operating gas and diesel automotive and heavy-equipment engines.
About B.U.T.WACTUR Waclaw Mroz
B.U.T.WACTUR Waclaw Mroz was established June 12, 1992 year by MA Frost Wenceslas.
Wactur is a major bus coach operator located in Poland, primarily specializing in bus tours and charters servicing the tourism market. Regular licensed routes connect Poland to Italy, the U.K., and Greece.
Wactur has offices in Venice, Rimini, Caserta, Salerno, Naples, Rome, Sibari, as well as extensive representation in travel agencies throughout Poland.
About Great Wall Builders, Ltd.
Great Wall Builders, Ltd. (operating as "Start Technologies Europe I.G." or "Start Technologies Europe s.r.o.") 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.