MOSCOW, Oct. 4, 2007 (PRIME NEWSWIRE) -- NNRF, Inc. (Pink Sheets:NNRI) reported today that, following three months of rigorous independent scientific testing by Kazan State University which compared Power Quality ("PQ") equipment to other top brands, PQ technology (distributed by NNRF in the Russian Federation) was found to be superior in its ability to protect electrical equipment and actively filter out the unwanted high frequency noise generated in powerlines by modern digital and electrical equipment in industrial, commercial and residential facilities. This now establishes the ability of NNRF for the sale and placement of PQ equipment throughout government and private facilities in the Republic of Tartarstan.
Prior testing conducted during 2006 in both government and private facilities in the Russian Federation led to the request of the Tartarstan government to request testing in its government facilities. Initial testing focused on determining levels of electrical surges, spikes and high frequency noise at TatInvstGrazhdanProject ("TGP") -- the central design, survey, research and construction company for the Republic of Tartarstan, one of the fastest-growing economies and most powerful industrial regions in the former Soviet Union. As is the case in most modern facilities with digital equipment, excessive surges, spikes and high frequency noise (which reduce the life-span of equipment and can cause equipment malfunction and even destruction) were found in the electrical lines at the facility.
NNRF's sub-distributor for its power quality products in Tartarstan, Stroykomplektinvest ("SKI"), subsequently installed multiple units to protect the electrical equipment within TGP, and provide clean power through its proprietary low-pass power quality filtration system. However, prior to recommending use of the equipment in governmental facilities throughout Tatarstan, independent verification of the technology's efficacy was required at Kazan State University (KSU). After three additional months of monitoring the performance of the power quality units, KSU noted a substantive decrease in high frequency noise in the facility's electrical lines -- close to zero. In addition, no noticeable problems with surges or spikes were detected in electrical equipment in the facility demonstrating the PQ equipment's protective abilities.
NNRF's sub-distributor, SKI, will be meeting with representatives from KSU and TGP to discuss the results of the testing during the first half of October, after which NNRF anticipates commencement of the installation of PQ equipment in government facilities throughout the Republic of Tatarstan.
In a separate development, Russia's fourth largest airport, Vnukovo, has expressed its interest in using PQ equipment. The airport, located in Moscow and currently being upgraded into one of Russia's largest and most important international travel hubs between Europe and Asia, is evaluating the purchase and installation of PQ units to protect its facilities and ensure the uninterrupted operation of its state-of-the art electronic equipment.
NUCON-RUS, a wholly owned subsidiary of NNRF, will conduct further negotiations with officials from Vnukovo during the first half of October to determine where NNRF will take measurements of the facility's power quality; install the initial test units; and discuss a stage-by-stage installation of units throughout the airport facilities.
ABOUT NNRF:
NNRF is a U.S. corporation with executive and operations offices in Moscow, Berlin and Washington. NNRF offers design and manufacturing of specialized products for nuclear reactors and nuclear waste management; proprietary nuclear shielding, decommissioning and decontamination technologies; and engineering/design services for a range of environmental challenges. NNRF owns manufacturing facilities and provides both equipment and services for nuclear power plants and compliance, shielding, transport and interim and final storage requirements for government agencies and nuclear service companies. NNRF also owns or licenses proprietary leading edge technologies which provide NNRF with a market edge in manufacturing, design, engineering and services capabilities. NNRF's management team has extensive industry and government service including extensive in-house expertise in all aspects of radiological protection and radiological waste management. NNRF has entered into strategic alliance agreements with government agencies of the Russian Federation. Access through NNRF's strategic alliances to key processing and disposal facilities in the Russian Federation enables it to complete a broad range of projects efficiently and cost effectively. NNRF believes that this access provides vertically integrated services that distinguish it from competitors. NNRF manufactures nuclear power plant equipment in Russia and has multi-year sales contracts for a significant portion of current production with ROSATOM, the owner and operator of all Russian nuclear reactors. NNRF also provides products, services and proprietary technology based solutions through its strategic alliances to multilateral and bilateral funded projects located in Northwestern Russia known as the Northern Dimension Environmental Partnership (NDEP). This area contains the largest repository of spent nuclear fuel and radioactive waste in the world. The projects involve the decommissioning and disposal of nuclear powered naval vessels of the former Soviet Union. The projects are funded by G-8 member countries. NNRF currently is expanding its marketing to include the European Union, China, India and North America in 2007-08 through strategic marketing partnerships with multinational energy service companies. NNRF is currently engaged in the due diligence phase of potential further acquisitions in 2007-2008 which are intended to substantially increase its current asset and revenue base.
SAFE HARBOR STATEMENT:
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potential and other prospective presentations by NNRF. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NNRF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NNRF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
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