BEIJING, May 18, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCBB:AEHI) today announced the company's official partnership through AEHI China with China National Nuclear Corporation (CNNC), through its subsidiary China Zhongyuan Engineering Corporation (CZEC), to produce and market nuclear desalinization reactors at the international level.
The product will be the largest, cleanest, most efficient, most cost-effective converter of salt water to drinking water on the market and will be available to order in the summer of 2010. It will be advertised under the name "Green World Water™".
The reactors that power these units come in 650 and 1,100 MWe sizes and can be tailored to produce water and electricity at a desired ratio. The designs are very safe, as they evolved originally from Westinghouse designs currently operating in the U.S., and were further evolved by the French before being built in China.
The partnership and reactor design was an idea by AEHI CEO Don Gillispie, who began working with CNNC's subsidiary on the project more than a year ago. While there have been some small units built in Asia, mostly for domestic consumption, a larger commercial version was not readily available to the world.
"I had the idea many years ago to build and market a desalinization unit powered by a commercial nuclear reactor, but when I first met with CNNC, the design was still in my head, so I sketched it onto a piece of paper. Since then, it has evolved into a design that can solve water problems around the globe. This is something I'm very proud of knowing it can help millions of people gain access to clean, potable water," said Don Gillispie, AEHI CEO.
Several countries have already begun contacting Gillispie about the desalinization reactor, and AEHI hopes to have several projects underway within a year.
"These deals are huge for AEHI, but they will also provide a tremendous benefit for many developing countries as over three billion people, half the world's population, don't have clean drinking water, according to National Geographic Magazine. These reactors will solve water issues, but they can also create needed power and produce thousands of jobs where they are desperately needed," said Gillispie.
About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) -- Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral™, which removes energy demands from homes and businesses (http://www.energyneutralinc.com/), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.
"Safe Harbor" Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.