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Gadget Enterprises, Inc./GDT TEK, INC.: GDT TEK, INC. Enters the Green Technology Market With Exclusive Patented Technology to

^{Published on 2010-06-14 05:50:21 - Market Wire}
 

ORLANDO, FL--(Marketwire - June 14, 2010) - GDT TEK (OTCBB: [ GDTK ]) today announced the signing of a Memorandum of Understanding (MOU) to acquire the Exclusive Licensing Rights deploying patented technology that generates electricity utilizing a low temperature heat [A/K/A Waste heat] source to power the electrical generators connected to the Electrical Grid.

The MOU outlined agreements will provide GDT TEK with an Exclusive World Wide Agreement (with the exception of South Korea) to utilize patented technology that uses Waste Heat for Electric Power Generation. The Licensor also has several Power Purchase Agreements (PPAs) that will eventually be assigned to GDT TEK. These power contracts require the deployment of the Renewable technology supplying electricity back to the Electrical grid system.

Mr. Reda commented, "The Waste Heat Electric Power Generation Technology is proven technology because equipment using this technology has already been deployed and is generating electricity for the grid. This process is currently using exhaust heat from large engines, supplying heat to the equipment that generates electricity. This is truly Green Technology because the equipment does not use fuel to power the equipment to create electricity, only heat. This equipment can use heat from the sun to make electricity using Concentrating Solar Panels (CSP) providing heat utilized in the process. With an Exclusive license in place and contracts already available for deployment GDT TEK will truly hit the ground running using this Green Technology."

Mr. Reda further commented, "GDT TEK has now officially entered the Renewable Energy sector with a mission of helping solve the current energy crisis with renewable, sustainable, and efficient electricity providing solutions such as this Waste Heat to Electric Power Generation Technology. We are ready and positioned to make an impact."

About GDT TEK, INC.

GDT TEK, INC.'s (OTCBB: [ GDTK ]) mission is to use Green Technology (clean technology) to conserve the natural environment and resources in order to curb the negative impacts of humans on the environment. GDT TEK will do this with the patented "Waste Heat to Electric Power Generation Technology" to produce Renewable Energy. Renewable Energy is energy that can be replenished easily. For years we have been using sources like wood, sun, water etc for means for producing energy. Energy that can be produced by natural sources like wood, sun, wind etc is considered to be renewable. GDT TEK, INC. website is [ www.gdttek.com ] which is in the process of being updated. Please sign up for our newsletter for future information about the company.

Safe Harbor Statement: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.