TAMPA, Fla., June 27, 2006 (PRIMEZONE) -- Building the first positive displacement low impact energy unit for deployment in a manner that had never been built before in the low impact/low flow hydro arena, Internal Hydro International, Inc. (OTCBB:IHDR) (www.InternalHydro.com) has now completed the machining of the Energy Commander V and has begun initial internal trials of the unit functions for follow on engineering testing and field trials. Initial testing has been well within and exceeding tolerances for the unit design. IHDR made the current unit at low cost to the company, by not committing to any other entity for rights to the technology. In the past thirteen weeks, IHDR took the final plans for machining and assembly of the Energy Commander V low impact hydro unit to four separate machining houses in the Tampa area where the eighteen unique types of parts, which had never been built previously, were completed. IHDR will continue internal testing through this week and have the unit submitted for projected engineering testing to begin next week, and field trials to start thereafter, with follow on production by Cm2, IHDR's European partner and domestically under IHDR.
Delivery of the unit and its parts was made within the timeline that IHDR expected, but was delayed due to outside work commitments of the involved machining houses. IHDR was able to complete the unit without seeking any financing which compromised the share capital of the company from traditional financing sources and will be able to continue as such for some time under built up capital commitments from other sources regarding the unit. IHDR has built the unit under its total overall control with the local machining houses for later production in scale domestically and by Cm2, its European partner in Italy, for initial placement in quantity within the U.S. and Europe. IHDR projects that the testing of the unit under engineering environment will begin in the next week, and deployment to real world fielding to follow. The follow on production of ten units is now projected for the start of third quarter 2006.
"With four previous successful positive displacement hydro units under our belts, it is pretty exciting that we have completed this large scale version of the small unit, and able to see it perform well within our tolerances as built," stated Craig A. Huffman, President and CEO of IHDR. "We know that the delays in the local machining houses were unavoidable to get to this point, but it was frustrating all the same, however, since we did not want any one domestic partner until we field units in some appreciable manner as we will be doing now, in the end it was worth the wait. We know we already have the production partner in Cm2 to supply us in quantity overseas and for domestic use at some scale and will only entertain bids domestically which make sense to the Company for this world changing technology," Huffman concluded.
The EC V hydro unit, the first of its kind to ever utilize positive displacement by cylinders set in a radial engine form, instead of traditional turbines, will now enter engineer and fielding operation for production within a real world use engineering monitored environment. The Company's plan of completion and start of field operations of the unit is in keeping with its plans for completion within the second quarter of 2006. Some of the unit production and photos of the parts which were made have been displayed on its web site in a series of photographs as it was being constructed, which will be updated again with other built version photos, and will later include video of the unit operating. Results of unit full out operation will follow in the web site as well.
The "slice" concept was used in production of the 12 cylinder unit. As built, each rotary 360 degree slice houses twelve 4 inch cylinders, which will be able to be stacked with other slices to provide the 30 kilowatts of standard output, with additional or less slices, each of 12 cylinders, needed or not needed based upon the flow that is present at any one location. IHDR has recently announced that it was able to plan for as little as 30 p.s.i. of pressure for production of electricity with 40 units, on a single dam site by use of the slice concept. The expandability is a key that traditional turbine technology does not support without changing the size of a turbine.
About Internal Hydro International, Incorporated
Internal Hydro International, Inc. is an alternative energy company that developed a clean energy power system, the Energy Commander Systems, which utilizes a patented technology using waste water, fluid or gas flow from any source where flow pressure is present, and yet wasted, to create electricity. Internal Hydro has grown into a multi-national enterprise with international contracts spanning over three continents. Internal Hydro is well positioned to gain major market share and dominate the niche of hydro energy and expansion into other renewable energy areas in the fragmented alternative energy marketplace. For more information, please visit the company's Web site at www.InternalHydro.com.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statement of IHDR officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future IHDR actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and IHDR has no specific intention to update these statements.