Great Wall Builders (GWBU) Adapts FEED Unit for Marine Industry
FOR: GREAT WALL BUILDERS LTD.
JUN 19, 2012 - 10:00 ET
New Product Enters $50 Billion a Year Market Segment in Commercial Ferry and Marine Shipping Sectors
BOLOGNA, ITALY--(Marketwire - June 19, 2012) - Great Wall Builders Ltd. (OTCBB:GWBU) (or the Company"), operating as "Start Technologies Europe I.G." ("Start Technologies") owns the global rights to a patent-pending fuel-conditioning technology that reduces polluting emissions and reduces fuel consumption.
The Company is pleased to announce that it has developed a new product that can meet the needs of leisure boat industry, commercial ferry and marine shipping sectors.
Larger vessels consume vast quantities of fuel, and commonly use large, low speed (about 100 rpm), two stroke diesel engines. These are very efficient from an energy production point-of-view, but their emissions are problematic.
Adapting the Start Fuel Efficiency and Emission Devices (FEED) for marine use meant scaling up the power and size of the Start FEED unit to handle the high rate of fuel consumption in engines that can top 10,000 bhp, and generally burn heavy fuel oil.
The resulting FEED units comprise 3 oversized plugs scaled up to match the demands of these types of engines, but uses essentially the same patent-pending cracking technology of previously developed FEED models.
"We've always had an eye towards developing the Start FEED units for marine applications," stated Mr. Daniele Brazzi, President and CEO of Start. "Even relatively small reductions in fuel consumption represent an important financial benefit for customers, and in addition, the reduction in harmful emissions is an equally important benefit. As recently reported by Mr. Chris Koch, President and CEO of The World Shipping Council (WSC) on April 26th, 2012 in their latest press release regarding current environmental and safety regulatory initiatives. Mr. Koch pointed out that the industry currently has a compelling incentive to reduce fuel consumption, and therefore carbon emissions, because "fuel is already by far the largest cost of liner operations." The World Shipping Council estimates that at current prices, the liner shipping industry alone is probably spending roughly $50 billion a year on fuel for vessels serving the U.S. international trade."
The Company is beginning testing of these marine FEED units with select customers in the near future and the Company may report on further developments in this market sector.
About Great Wall Builders Ltd.
Great Wall Builders (GWBU), operating as "Start Technologies Europe I.G." ("Start Technologies"), is the exclusive manufacturing and distribution rights to the Start Fuel Efficiency and Emission Device (FEED), an aftermarket device for internal combustion engines that enhances performance by causing fuel to combust more efficiently and completely. The technology uses a high-voltage electric current to break long-chain hydrocarbon molecules into shorter, lighter more volatile molecules. The patent-pending device produces a number of important benefits, including; lower emissions; reduced fuel consumption; and improved engine performance. The technology can be applied to a variety of different types of engines, both diesel and gasoline powered, heavy equipment as well as consumer vehicles. For more information, visit www.StartTechnologiesCorp.com.
This press release may contain forward-looking statements with respect to business conducted by Great Wall Builders. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.