NZ-made climate saving technology picked up by Dutch entrepreneurs
Media Release - March 19, 2010
A group of entrepreneurs from the Netherlands has picked up the exclusive rights to market the climate saving technology developed by a Christchurch-based company.
The Dutch syndicate will market the energy and communications products developed by IndraNet Technologies throughout the Netherlands. The products will allow users to reach 100 percent solar sustainability, putting an end to climate change if picked up globally.
“This is a most exciting moment,” says syndicate head, Jesse Bywater. “I think the nGen Systems particularly, have the potential to completely transform how we generate power and use energy,” he says.
”Globally we have now less than 10 years to put in place solutions that get us out of fossil fuels and drastically cut down on greenhouse gas emissions. In the Netherlands many of us already live below sea level. This focuses the mind. We know things must change in a hurry.” Mr Bywater concludes.
The nGen Systems aim to deliver on their premises the energy streams that customers require, including electricity, process heat, hot water, air conditioning, chilling, freezing, recycling waste heat, and grey water, with energy storage as an option where required.
They are intended to be deployed stand-alone or integrated to power grids to form highly distributed Intelligent Power Networks in the longer run.
“We are confident to deliver Sustainable Energy Services, based on our nGen Systems that will be competitive with fossil fuel-based legacy energy services and at costs that will be a lot lower than electricity generated with other renewable energy technologies.” says Russell Fitts, Chairman of IndraNet Technologies.
“Applications include industrial sites, commercial centres, hospitals, schools, "green" sustainable buildings, residential homes, and eventually transport (by retrofitting compact nGen Systems to existing vehicles),” says Mr Fitts.
The granting of the exclusive Market Rights is a preliminary stage to the syndicate acquiring the full set of licences to the wider package that includes communications, energy and transport solutions.
“Jesse has been monitoring our progress for quite some time now. We are delighted that we have reached this stage. Under our agreement, we are to form a joint venture that will deploy energy services and products based on the IndraNet package,” Mr Fitts concludes.
For more information contact:
Russell Fitts, Chairman, +64 3 365 6485, Email Contact
Energy “miracle” to go commercial
Media Release - March 8, 2010
A New Zealand company that has developed an energy “miracle” to solve the world’s climate change problems is seeking investors to commercialise the product.
Christchurch-based IndraNet Technologies (IndraNet) is seeking six million dollars from investors to commercialise its revolutionary nGen Systems that will see businesses and individuals reach 100 percent solar sustainability at costs lower than current electricity prices without government subsidies, carbon taxes or tradable carbon credits.
Founded in 1998, IndraNet has had the support of about 3100 shareholders who have invested NZ$18.8 million for product development.
“This has been spent wisely by allowing us to create a technology package that we find breath-taking. In our view, it can address squarely the world’s problems of diminishing oil reserves and climate change. We see the potential as limitless” says IndraNet Chairman, Russell Fitts.
nGen Systems aim to deliver on their premises the energy streams that customers require, including electricity, process heat, hot water, air conditioning, chilling, freezing, recycling waste heat, and grey water, with energy storage as an option where required. nGen Systems are intended to be deployed stand-alone or integrated to power grids to form highly distributed Intelligent Power Networks in the longer run.
“We are confident to deliver Sustainable Energy Services, based on our nGen Systems that will be competitive with fossil fuel based legacy energy services and at costs that will be a lot lower than electricity generated with other renewable energy technologies.” says Mr Fitts.
“Applications include industrial site, commercial centres, hospitals, schools, "green" sustainable buildings, residential homes, and eventually transport (by retrofitting compact nGen Systems to existing vehicles),” says Mr Fitts.
“We do not do miracles”, says Managing Director, Dr Louis Arnoux. “We simply do rigorous science, solid engineering and robust market intelligence. It has been hard work over the last 11 years, often in precarious conditions. However, we now have a solution that delivers on what Bill Gates and increasingly many others call for in the wake of the failed Copenhagen Climate Change Summit,” Dr Arnoux says.
Bill Gates believes the most important innovation required to avoid climate change will be a way of producing electricity that is cheaper than coal and that emits no greenhouse gases.
"What we're going to have to do at a global scale is create a new system... So we need energy miracles,” Mr Gates says.
“We now have that miracle Mr Gates talks about and it’s a kiwi company that’s developed it. It’s an exciting time for our company,” Dr Arnoux concludes.
Interested investors can find the Offer Documents (Prospectus and Investment Statement) at www.indranet.co.nz, applications for shares can be made on the form contained in that document.
For more information contact:
Russell Fitts, Chairman, +64 3 365 6485, Email Contact