Goldstar North American Mining, Inc. Signs Binding Agreement To Acquire The Innovative EndGen Generator Power Generation Tech...

PHOENIX, AZ / ACCESSWIRE / May 20, 2015 / GoldStar North American Mining, Inc. (OTCMKTS:GDSR) as part of its ongoing transition to GoldStar Technologies, Inc., announced today its commercial and contractual agreement to acquire EndGen power generation technology.

The EndGen Generator is a unique and proprietary design, utilizing ultra strong rare earth permanent magnets, in combination with advanced design criteria and specialized core configuration. The resulting magnetic fields created in the EndGen produce power generation results far exceeding current market performance and efficiency standards. The EndGen Generator produces no heat while operating at efficiencies in the high 90%+ range, which provides enormous innovation and efficiency at significantly reduced costs.

CEO Matthew D Hay commented, "Efficiencies in this range are at the most cutting edge of technology in this space, however, the fact that this generator produces no heat is truly paradigm shifting. We are unaware of any other generator on the market that produces no heat while operating. No heat means far less wear and tear on components. It means, by default, that EndGen efficiencies are greater, as heat is the single biggest efficiency loss in all electro-mechanical devices. It means no requirement for costly cooling fans, no need for heavy metal housings, which are typically seen in this space, to dissipate heat. This means far less weight, cost, efficiencies of transport cost, etc. This generator can be powered by standard fossil fuel motors or by Mother Nature, and anything in between, producing clean and ultra efficient power to meet the ever growing needs of our world."

The current 1.5 kW EndGen Generator has been third party validated and is scalable, thus allowing the engagement of multiple markets in the power generation space. This validation came in 2012 and the EndGen has been improved since that time. At the time of the test, the recorded efficiency was 93.6%, inclusive of the 'Cost to Run' the test. The 'Cost to Run' is the power required, or the efficiency lost, due to the input drive source (in the case of this test, an electric motor), various gauges, meters and testing and monitoring equipment, transducers, etc. All these components reduce the overall output efficiency and create a final result that is recorded as less than the generator itself can create. With the latest improvements and the 'Cost to Run' removed from the equation, the true efficiency of the EndGen Generator is 99.9%.

The agreements between GSTI and the technology owner include the validated 1.5 kW EndGen Generator as well as all future iterations, sizes and applications of the generator technology.

The global power generation market is massive and takes many forms, such as fossil fuel driven generation and renewable generation. All markets typically employ generators to convert these sources into electricity. The EndGen Generator has application to virtually every market, due to its superior efficiencies and the absence of heat. "The EndGen Technology is suitable to multiple categories of use due to its size and light weight, scalability, configuration and capability. The technology is functional and adaptable in support to recreational devices, home connections, schools, churches, waste management plants, power plants, chemical facilities, refineries, mineral processing and any and all facilities requiring electricity. This technology is engineered for productivity," says CEO Matthew D Hay.

In addition to furthering its core fine gold extraction business with scaling activities, GDSR is leveraging its technology insight and expertise - realizing its advanced GoldStar Technologies, Inc. vision and transition with acquisition of the EndGen technology.

Matthew D. Hay, CEO stated "The acquisition of the EndGen power generation technology represents our most significant milestone to date and transforms our mandate from fine gold extraction company to an enhanced technology product and services corporation, providing leading edge technologies to clients that reduces their costs, making them more competitive. We are excited to achieve this new level of capability in support of our vision. In addition, we are very pleased to further our environmental responsibility and stewardship to a stronger environmental and commercial sustainability for our customers, partners, shareholders and community."

The terms of the commercial and contractual agreement for the acquisition of the EndGen power generation technology will be disclosed on our website at a future date.

Please visit the website to view the EndGen Generator technology information at www.goldstarmining.com.

About GoldStar North American Mining, Inc.

Phoenix, Arizona-based GoldStar Technologies, Inc. is a technology provider company who also own land and carry out fine precious metals extraction operations on prime gold-bearing properties in North America. In addition GoldStar Technologies, Inc. is a technology provider to the mining, power, food preparation, health care, and engineering sectors. The company's legal team continues its process of facilitating a proposed name change to Gold Star Technologies Inc. (GSTI).

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SOURCE: GoldStar Technologies, Inc.