Ovation Products Reports Successful Testing of New Water
Purification Technology
November 23, 2005
GreenShift Corp. announced its portfolio
company, Ovation Products Corp. (Ovation), successfully tested a
new production version of its patented water purification
technology.
The new production version, named Gamma by
Ovation's engineering team, is approximately three feet tall and
one foot in diameter - about the size of a fire hydrant. Gamma's
output water was tested and achieved the purity of distilled
water. Gamma used approximately 54 watt-hours of electricity per
gallon of distilled water produced, and Ovation anticipates the
production units will achieve the design goal of 40 watt-hours
per gallon, which translates into an electrical energy cost of
approximately $0.004 per gallon, or an amount that is less than
the cost of tap water in most areas.
Ovation has invested over $9 million in
developing technology that offers dramatic price and performance
advantages over competing clean water technologies. Ovation has
been intensely working on finalizing the development of Gamma -
a residential scale appliance designed to generate 25 gal of
pure water per hour from a variety of dirty water input sources
at a cost of approximately $0.004 per gallon, or about 1.2% of
the cost of traditional home distillation methods.
To achieve this small size, low cost and high
efficiency, Gamma incorporates patented new implementations of a
proven distillation process called vapor compression. Ovation
has been granted 11 patents for its technology and system and
has filed for an additional five patents to date.
Distillation removes bacteria, viruses, heavy
metals, suspended solids and almost all chemicals. Other
processes such as ultra filtration and reverse osmosis do not
produce perfect water quality, discharge several times more
wastewater, degrade over time and require replacement of filters
and cartridges. Ovation's products provide a consistent high
quality output and require no filter or cartridges.
Ovation tested Gamma on November 17, 2005 and
achieved targeted operating parameters in a series of
progressive adjustments, which increased the output flow of
distilled water from 12 gal per hour to 22 gal per hour. These
results demonstrate a higher output than Ovation previously
achieved from earlier designs, which were more than twice the
size and weight.
Ovation expects to continue to refine Gamma's
operation to achieve the 25 gal per hour benchmark, but the
results of the Gamma testing were sufficient to justify
releasing parts orders for a pilot run of 11 Gamma units.
Ovation expects those pilot units will be assembled during the
first half of 2006, and may be available for testing by existing
and prospective strategic partners in the second quarter of
2006.
"This is an important development for an
extraordinary technology," said Kevin Kreisler, chairman and
chief executive officer of GreenShift Corporation. "The Ovation
Purifier is designed to seamlessly and cost-effectively
integrate with the daily lives of residential consumers. We see
this as critical given our view that truly transformational
environmental benefits can occur by properly leveraging the
incremental contributions of a great many people. We had
intended the Ovation Purifier to become one of the cornerstone
'killer-app' green technologies in our portfolio. The Gamma test
confirms our expectations, and we have ordered one of the pilot
Gamma units and plan to order somewhat more in the near term. We
are thrilled with the results, and the Ovation design team
should be commended for their hard work and ingenuity."
Source: GreenShift Corp. November
23, 2005 |