SUNNYVALE, CA--(Marketwire - Jan 5, 2012) - POWRtec (OTCBB: POWT), an innovative California-based energy monitoring company, is pleased to provide this business overview.
The world is entering an age of scarcity with respect to energy resources. The current proven and recoverable oil reserves are expected to be exhausted in less than 40 years, if we do not change our consumption pattern. However, the U.S. Department of Energy envisages that the demand for energy will have risen by more than 40% by the year 2030, which may cause the exhaustion process to accelerate disturbingly. Additionally, we must decrease the emission of the environmentally devastating green house gases, caused by the burning of fossil fuels.
The single largest and most immediate source of energy available is to add efficiency to the existing energy grid by transforming it into a Smart Grid -- a grid that not only provides electricity, but also enables us to control our energy use and making it more efficient. We must start getting more out of what we have.
POWRtec's intelligent Smart Meters allow for the consumer to remotely control power draining devices, such as air conditioners, turning them on and off from virtually any location, reducing energy waste significantly and thus entailing remarkable savings on the utility bill. Ultimately POWRtec's networked Smart Meters constitute a substantial tool in the fight against carbon dioxide emissions.
The market for smart meters is vast, and we are only at the beginning of the adoption of these new efficiency technologies. Over the next 30 years, nearly every meter in the world will have to be replaced by a Smart Meter, such as POWRtec's, in order to take advantage of the otherwise wasted energy.
In its capacity of being one of the market's first and most advanced providers of Smart Meters, POWRtec is working towards a prosperous future, benefiting the environment and securing the requisite continuation of electricity.
POWRtec is a dynamic and unique energy monitoring company with the potential to dominate the smart meter industry with its innovative intelligent smart meters. POWRtec's meters are network-enabled and can be built to utilize virtually any communications protocol. This empowers the intelligent smart meters to directly control network enabled, power-draining devices by switching them on and off in accordance with the desired energy output, resulting in more efficient use of resources, smaller energy bills and enormous benefits to the environment. POWRtec's products can directly reduce the amount of energy waste and make a meaningful difference to the environment.
Disclaimer - Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements; projected events in this press release may not occur due to unforeseen circumstances, various factors, and other risks identified in a company's annual report on Form 10-K and other filings made by such company.
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Morning Star Communications