MIAMI BEACH, Fla., May 12, 2011 (GLOBE NEWSWIRE) -- Legends Business Group (Pink Sheets:LGBS) today announced it is currently in active negotiations for the exclusive U.S. sales and distribution rights of what may currently be considered the world's most efficient Small Hydroelectric Power (SHP) plant.
According to Legends Power President, Rodolfo Sablon, with units currently in use and under patent protection in Europe, the SHP plants in question can produce from 30kW to 1MW in shallow (low-head) locations such as creeks or rivers.
"We have started down the path to bring this exclusive European technology to the United States not only as their exclusive sales and marketing arm, but we are hoping to also become the local project coordinators for each new installation," said Sablon, "We consider these power plants to be the ultimate in renewable energy plants in that they produce no emissions, use no resources and in fact can have a more predictable load factor than wind farms."
Although probably the oldest method of producing power, hydroelectric plants are considered one of the least invasive power generating schemes and generally have minimal negative environmental impacts. Additionally water catchment in these units is usually done with simple construction and most require no reservoir at all.
Small Hydroelectric Power (SHP) plants generate electricity by converting the energy available in the flowing water of rivers, canals and streams. Additionally, due to its unique and patented design, and contrary to what happens with larger hydroelectric plants, one of the by-products of this SHP plant is that it actually enhances oxygenation of its supply water as it moves downstream. This helps mitigate ecological complaints that may come during the building permits process.
This uniquely simple design also allows the cost ratio to build a plant to be quite low when compared to the power it produces.
A study from SBI Energy, which has been a leading industrial market research reporting source for more than a decade, titled "Hydropower Energy Technologies Worldwide: Large, Small, Mini, Micro and Pico" projects hydropower growth will be influenced heavily by government stimulus funds and other incentives. Although hydropower has not received the attention and funding that is being afforded to wind, solar, and other renewable energy sources, it has received more funding since 2008 than it has in preceding years.
"Securing this exclusive right to this SHP would be a coup for Legends and help bring greater value to its shareholders," said Sablon.
Sablon did not provide a timetable as to when a decision on the rights agreement would be made.
About Legends Business Group
Legends Business Group, Inc. was incorporated in March 2006 and is a publicly traded company. The company has recently refocused its purpose and has moved itself into the alternative and exotic energy marketplace. For more information please visit: http://www.legendspower.com
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