TAMPA, Fla., March 20, 2007 (PRIME NEWSWIRE) -- Renewable Energy Resources, Inc. (OTCBB:RENW) ( www.renw.com ) today announced that the Energy Commander V is undergoing final testing and modifications before entering commercial production with RENW's European Partner, Cm2 in Terni, Italy ( www.cmdue.it ). The EC V low impact hydro unit is a positive displacement engine that captures low flow water or other fluid to drive a 30 kilowatt generator. Cm2 received the EC V after RENW field tested a full size prototype in Mobile, AL.
"The EC V technology can be employed in many uses in Italy and in the European Union," stated Giovanni Lanari, President of Cm2. "The ability to take advantage of wasted flows of energy with this technology is simply unbelievable. We received what could change the outlook of much of the energy dependence of the EU and the world. We expect we will be delivering units for use in the United States and for our use in the next few months."
Lanari continued: "This is the brightest technology to come to the EU in quite a while, and we are pleased to be the production side of it." Lanari concluded that the use of waste flows utilizing this system has great potential: "The use of waste flows utilizing this system is by far an advancement the World has not yet seen. The ability to capture flows we have never harnessed is an unbelievable use for this truly unique technology."
Under the agreement with Cm2, RENW will receive units for placement in the United States and Cm2 will place units within the European Union. A revenue sharing agreement allows both RENW and Cm2 to benefit from each other's efforts.
"We are very pleased to work with Mr. Lanari," stated Ed Hart, RENW's Chief Operating Officer. "Cm2 is a proven engineering and manufacturing company. I have met with Mr. Lanari and his associates and strongly believe they are fully capable of manufacturing a quality product. We anxiously await the first commercial units as we are planning placements."
About Renewable Energy Resources:
Renewable Energy Resources, Inc., is an alternative energy company developing and acquiring technologies that create energy and fuel from previously untapped sources. RENW specializes in renewable source of fuels as well as its core low flow hydro technology, the Energy Commander Technology. Renewable Energy Resources is the new name of Internal Hydro International, Inc. (OTCBB:RENW) and is based in Tampa, Florida.
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.