Life Energy & Technology Holdings Inc., Enters the Asian Marketplace with the Biosphere Process System.Business Editors UTICA, N.Y.--(BUSINESS WIRE)--Feb. 25, 2002 Life Energy & Technology Holdings Inc., (LETH LETH Lethbridge (Canada) LETH Lethality ) (www.le-th.com) headquartered in Utica NY and the Eastern Hope Company based in Bangkok Thailand, have entered into a contract via California based PCG PCG phonocardiogram. Electric (www.pcgelectric.com), (805-499-9976) to sell two Biosphere biosphere, irregularly shaped envelope of the earth's air, water, and land encompassing the heights and depths at which living things exist. The biosphere is a closed and self-regulating system (see ecology), sustained by grand-scale cycles of energy and of Process(TM)1(1) Systems for deployment in Thailand. Mr. Sawasdi Horrungruang the President and Chief Executive Officer of the Eastern Hope Company, a leading Thai Industrialist, expects these to be the first of many Biosphere Process(TM) Systems to be deployed in South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. . LETH plans to manufacture the Biosphere Process(TM) Systems in facilities located in Central NY. The two Biosphere Process(TM) System's have been sold on a sales and service contract for an initial purchase price of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $6,000,000 per machine with subsequent annual service and support payments of USD$500,000 per machine, per year, for twenty five (25) years. The total value of the contract is USD$37,000,000, payable to Life Energy & Technology Holdings Inc. The Biosphere Process(TM) System's have an operating lifespan of 25 years. The Biosphere Process(TM) System, developed by LETH is an independent multi-fuel micro-power electrical generating system that LETH sells and leases to government entities and corporate clients throughout the world. The Biosphere Process(TM) System is a mobile, modular, micro-power plant that consumes and recycles 100% of waste materials including municipal solid waste “Municipal waste” redirects here. For other uses, see Municipal waste (disambiguation). Municipal solid waste (MSW) is a waste type that includes predominantly household waste (domestic waste) with sometimes the addition of commercial wastes collected by a (MSW (MicroSoft Word) See Microsoft Word. ), agricultural wastes, forestry wastes, industrial wastes, medical wastes, animal wastes, and traditional fossil fuels fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. (coal, oil, gas, peat) and oil industry wastes such as "wet gas". The Biosphere Process produces clean, green, renewable electricity and at the same time significantly reduces harmful green house gas emissions. Please contact Robert Kennedy for further information 877-859-5200, robert@currentcapital.com or Michael Liberatore at 315-724-8370. Except for historical information contained herein, certain matters discussed in this press release may contain forward looking statements or inferences that involve risks and may be subject to uncertainties including, but not limited to, financial, economic, competitive, governmental and technological factors. Certain of these matters may or may not be discussed in the Company's reports filed with the Securities and Exchange Commission. Investors should exercise caution with respect to any such statements until more information becomes available. 1(1) Biosphere Process(TM) & Biosphere(TM) are copyright trademarks of the Life Energy Partnership 1995. |
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