


GDT Tek, Inc.'s President Bo Linton to Provide Update of Company's Current Status to Shareholders and to the Investment Communi
GDT Tek, Inc.'s President Bo Linton to Provide Update of Company's Current... -- ORLANDO, Fla., May 19, 2011 /PRNewswire/ --
GDT Tek, Inc.'s President Bo Linton to Provide Update of Company's Current Status to Shareholders and to the Investment Community Via Appearance on Money TV Friday, May 20, 2011
ORLANDO, Fla., May 19, 2011 /PRNewswire/ -- GDT Tek, Inc. (OTC: GDTK) today announced that on May 20, 2011, the GDT TEK, Inc.'s President Bo Linton will provide update to Shareholders via appearance on Money TV Friday May 20, 2011.
Bo Linton, President of GDT Tek stated, "GDT Tek was just notified by our JV partner Steriwave Hungary that funds to pay for the cost of relocating the 150KW system to American Canyon will be available within days. We want this first phase to move as planned because the second phase will start right after that. The second phase is regarding the funding of our 6 PG&E, PPA contracted sites at the cost of $23 million which will build the six 1.5 MW systems totaling of 9 MW as per the Power Purchase Agreements."
Mr. Linton further stated, "We had received a lot of inquiries as to why GDT TEK took so long to get the 150 KW machine moved and the reality was right after we started to move the equipment a series of problems occurred external to the move which delayed the process and fortunately because of that we started negotiations with our new JV Partners. Steriwave wanted to fund the relocation and the 6 PPA build outs which caused us to cancel the first funding agreement and replace it with our current ones. Due to that change we are now funding the entire project and not just moving the 150KW unit."
"On another note," continued Mr. Linton, "I just received some great news which I will comment on during the Money TV broadcast."
About Money TV please visit their website at [ www.moneytv.net ]
If you have a question or comment, please send it to [ info@gdttek.com ].
About GDT Tek
GDT Tek, Inc. is an Orlando, Florida-based publicly traded company (OTC: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that "Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. Its holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
GDT Tek, Inc.'s website is [ www.gdttek.com ], which is in the process of being updated; please sign up for our newsletter ([ http://www.gdttek.com/info-signup.php ]) for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. 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.
Contact:
Investor Relations @
[ info@gdttek.com ] or via phone 407-574-4740
SOURCE GDT Tek, Inc.
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[ http://www.gdttek.com ]
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