IDAHO FALLS, Idaho, June 24, 2004 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. (ITR) (OTCBB:IESV), a renewable energy company, has been awarded a significant new contract extension to their ongoing Oak Ridge Associated Universities studies on the long-term effects of radiation on personnel working at the United States Department of Energy facilities. This contract extension is in excess of $110,000 and runs through September 30, 2004. Dr. Dennis Keiser, ITR's chairman, stated in announcing the contract extension, "This award is a strong indicator of the exceptional quality of work ITR produces and the high regard that present customers hold our employees in and ITR's commitments to quality, service and on time delivery."
Dr. Keiser also announced that construction of ITR's flagship anaerobic digester and biogas plant is well underway in Rupert, Idaho and that the construction portion of the plant will be completed before July 31, 2004. The stainless steel tanks used in the digestion operation will begin arriving for installation on July 23 and gas production is expected to start August 6, 2004. ITR is employing a unique and revolutionary technology in their first biogas refinery that will produce gas with at least 80% methane content. No other commercial digestion system can produce Methane at those content levels. Once all six tanks have been installed, the production rate of commercial grade Methane should exceed 70 cf. per minute.
ITR also has begun initial survey work on a new location, which would become the second commercial digester site.
About Intrepid Technology
We are a premier technology application innovator of Biogas, bio-diesel and Ethanol products and services designed to assist in worldwide energy independence and reduce pollution (Green Energy). All of these are from renewable agriculture feedstock and industrial and agriculture waste materials.
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