Ener-Core and Holland Renewable Energy Technologies B.V. Partner with Hofstetter B.V.
By Business Wire News
By Business Wire News
Ener-Core, Inc. (OTCQB:ENCR), the world’s only provider of Power Oxidation technology and equipment that generates clean power from low-quality and waste gases from a wide variety of industries, announced a key partnership that is expected to expand the company’s revolutionary technology to markets throughout Europe.
Hofstetter, the world’s leading specialist in flaring technology and degassing systems, will provide Ener-Core, via its distributor, Holland Renewable Energy Technologies, with significant European market access. Hofstetter, which was established in 1975 and has installed more than 1,600 flaring systems around the world, recognized a significant market opportunity in partnering with Ener-Core given the two companies’ shared mission of helping industry comply with emission regulations.
“With this partnership, Hofstetter B.V. is in a pioneering position for energy conversion from waste gases and low fuel gases. The Ener-Core Power Oxidizer is a revolutionary technology that greatly expands our offering for customers,” said André Schoute, Managing Director at Hofstetter B.V. “While most companies in the industry are focused on waste gas capture and destruction, Ener-Core’s unique Power Oxidation technology, combined with Hofstetter’s extensive market knowledge, will arm our customers with an opportunity to drive both profit and efficiency while eliminating gaseous pollution from our atmosphere.”
“This partnership with Hofstetter by Ener-Core and Holland Renewable Energy Technologies is an important step for all companies involved,” said Alain Castro, CEO of Ener-Core. “Hofstetter is an established and well-known leader within the area of industrial pollution control and emissions destruction. Ener-Core is redefining that entire industry, by enabling industrial companies to use (and monetize) their waste gases, rather than solely destroying them. Hofstetter has been quick to recognize the impact that Ener-Core will have on their industry, and seize this opportunity to lead this change in their industry. For Ener-Core, this partnership is perfectly aligned with the strategy of partnering with established multinational industrial leaders and will serve to accelerate the deployment of Ener-Core’s solution across multiple industries and international markets.”
Ener-Core executives estimate the amount of waste gases that are discharged annually into the atmosphere in the form of wasted methane could be used to generate enough clean energy to power 100 million homes. Ener-Core and its partners have estimated the total market size for its equipment at approximately $75 billion. Were these gases to be utilized as fuel for an Ener-Core generator, industries could offset the greenhouse gas pollution of 254 million vehicles registered in the U.S. in 2012, while at the same enabling these industries to financially profit from their waste gases.
Irvine, California-based Ener-Core, Inc. (OTCQB:ENCR) designs and manufactures unique systems that generate base load, clean power from polluting waste gasses including methane. Ener-Core’s patented Power Oxidizer is the only solution of its kind that turns one of the most potent pollution sources into a profitable, “always on” source of clean energy. Ener-Core’s technology offers a revolutionary alternative to the flaring (burning) of gaseous pollution while generating operating efficiencies and ensuring compliance with costly environmental regulations.
Ener-Core offers a variety of platforms including the 250kW Ener-Core Powerstation EC250 (“EC250”), and its larger counterpart, the 2MW Ener-Core Powerstation KG2-3GEF/GO.
About Hofstetter B.V.
Hofstetter is the world’s leading specialist in flaring technology, degassing systems and gas treatment solutions. The company was established in 1975 and to date has installed more than 1,600 systems around the world.
Cautionary Statement Regarding Forward-Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “planned,” “expects,” “believes,” “strategy,” “opportunity,” “anticipates,” and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of April 8, 2015. Except as otherwise expressly referenced herein, Ener-Core assumes no obligation to update forward-looking statements.
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