CybeRelease: (OTC: WEGY) Expands R&D Facility For Diesel Fuel Reduction Technology
(CybeRelease, July 26, 2007) - Lake Harmony, Pa. - World Energy Solutions, Inc. (OTC BB: WEGY), a company focused on energy conservation technologies and environmental sustainability, announced that additional money has been allocated for the enlargement and expansion of the company’s Research and Development facility in St. Petersburg, Florida.
The expansion will enable WES to accommodate large vehicles for the installation of the company’s proprietary fuel additive systems, principally the hydrogen/oxygen additive to diesel engines. Additionally, World Energy Solutions’ expansion will enable the company to carry out the manufacturing of large technical hardware without having to sub-contract component manufacturing. The expansion will include the acquisition of a range of machine tools and associated ducting and electrical supplies. The first new machine tools are expected to be delivered and commissioned by the end of July, 2007. The rearrangement of the laboratory will be completed by mid August, 2007.
Management expects that the expanded R&D facility will significantly increase the speed of production of components for new product prototypes. Additionally, the specification of component parts can be made more exact and the new plant and machinery will enable the laboratory staff to work to higher manufacture tolerances than would be possible with outsourced components.Ben Croxton, CEO of World Energy Solutions, Inc., stated, ``WES management hopes to create a more efficient production environment for the development of new components. We anticipate there will be significant cost and timesavings, as well as the production of higher quality parts.
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