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RSCI Redwood Scientific Technologies Inc (PK)

0.8558
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Redwood Scientific Technologies Inc (PK) USOTC:RSCI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.8558 0.675 1.25 0.00 21:03:40

Greenway Design Group, Inc. Announces Patent Award

26/01/2012 6:22pm

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Greenway Design Group, Inc. (PINKSHEETS: GDGI) today announced the award of U.S. Patent No. 8,074,461 for its "Cool-n-Save" energy-saving innovation.

Introduced to consumers more than five years ago, the Cool-n-Save concept creates energy savings of up to 30% on 'split-system' commercial and residential air conditioning systems.

"Most homes and businesses have 'split-system' air conditioning," says Darius Jakubik, Greenway's senior vice president. "High outside heat does two things: the more heat there is, the more demand we put on the system. At the same time, the hotter it is outside, the less efficiently AC systems work."

The Cool-n-Save innovation uses treated water mist to "pre-cool" the air around condensing coils as a means to increase energy efficiency of air conditioning systems. Engineers have been discussing the application of pre-cool technologies on air conditioning for many years.

A white paper published in 2005 by Colorado Springs Utilities reports that for every degree Fahrenheit reduction in ambient air temperature, a reduction of 1 to 1.5% in energy demand is generated. A study conducted by the Department of Mechanical Engineering at Tulane University in New Orleans, LA about the same time concluded that efficiencies are "substantially increased," with pre-cooling, even in climates where there is high humidity. Another study conducted in 2009 by Hong Kong Polytechnic University came to the same conclusions.

Greenway's work on pre-cooling technology has been gaining recognition by engineers and commercial building owners. The technology won the Harvey Mudd College/TechAmerica High-Tech Innovation Award for Green Engineering in 2011.

"To our knowledge, Greenway is the first company to successfully deploy a patented energy-saving solution of this type for commercial and residential air conditioning," says Jakubik.

The company also reports use of two other patented technologies in the deployment of its Cool-n-Save system. One is an environmentally friendly chemical water treatment system called Cool Release™. The other technology is a high efficiency water treatment and pump system used in large-scale commercial installations.

"We've been at this work for more than five years," says Jakubik. "We have learned how to get the most from pre-cooling and create one of the most cost-effective ways to save energy."

Cool-n-Save manufactured and marketed in the U.S.A. For more information about Greenway Design Group, Inc. and Cool-n-Save, call 714-892-0011 or visit www.coolnsave.com and www.greenwaydesigns.com.

FORWARD-LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL AND MANAGERIAL RESOURCES, OUR INABILITY TO MARKET AND SELL OUR LIMITED PRODUCT LINE IN SUFFICIENT VOLUMES THAT MAY ALLOW US TO ACHIEVE AND MAINTAIN PROFITABILITY AND POSITIVE CASH FLOW, THE UNCERTAINTY OF MARKET TRENDS, THE INTENSE COMPETITION FACED FROM OTHER CURRENT AND FUTURE TECHNOLOGIES AND THE UNCERTAINTIES OF COMPETITIVE PRESSURES WE FACE. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS.

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CONTACT INFORMATION: Ray Wyman Jr Communications Dir EMAIL: Email Contact OFFICE: 714-892-0011 x26 CELL: 714-330-2232

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