Oxford, MS 3/31/2011 (Penny PayDay) -- In early March, Power of the Dream Ventures, Inc. (OTC:PWRV), a Hungarian-based technology acquisition and development company, announced, in a press release, that it has successfully competed engineering work on a new power generator for RiverPower. Shares of Power of the Dream closed down 10 percent at $0.46 per share on volume of 20,100 compared to its average daily volume of 20,705 shares. The company has a market cap of $24 million and a 52-week range between $0.07 and $0.67 per share.According to the press release, the new generator, which the company believes to be unique in its design, was especially engineered to meet the special requirements of RiverPower machines. One of the main obstacles to using a traditional, 3000rpm generator was the need for an elaborate gear mechanism to speed up the 10-20rpm rotational speed of the machine. Such a gear mechanism inevitably results in loss of energy due to friction. In order to make RiverPower fully viable, a new generator was needed, capable of producing meaningful electrical output at these slow, 10-20 revolutions per minute.
"Our new generator is a two-phase, 45 pole design capable of producing form 5kW to 50kW of electrical power, depending on design. The most interesting aspect is the 45 poles. In a traditional generator 2 poles are employed and they spin at 3000rpm. A 4 pole generator would spin at 1500rpm and so forth. For the slow moving medium of rivers, our design utilizes 45 of these poles which allow the unit to produce power at 10-20rpm, power than can be fed into the grid directly through an inverter," commented Mihaly Disznos, the engineer in charge of development.
According to the press release, these new generators, in addition to making RiverPower feasible, are especially suited for windmill applications where slow rotational speeds are the norm. With these new generators, the gearbox used in standard wind mill becomes obsolete, as the slow turning shaft of the propeller blade can be directly connected to the generator itself.
"Now that work has been completed on the generators, we can actually build a full scale RiverPower machine and begin water testing, in addition to the laboratory testing we have been conducting. Over the course of the last year we had a number of discussions with local government agencies here in Hungary to field test the machine in a city next to the river Danube. We hope to complete construction of a full size machine this year and water test early next year," commented Viktor Rozsnyay, CEO of the company."
The company hopes to have a pilot wind mill installed by the end of this year as a technology demonstrator, with further units built in the first part of 2012.
Disclaimer: Kings of Content has been compensated three thousand dollars by Maxwell Media for coverage of Power of the Dream (PWRV).
Oxford, MS 3/30/2011 (Penny PayDay) – Power of the Dream Ventures (OTC:PWRV), a Hungarian-based technology acquisition and development company, recently announced, in a press release, that in4, Ltd, developers of iGlue, will participate at this year's 3rd annual GeeknRolla conference held today in London. Shares of Power of the Dream closed up 42 percent today at $0.51 per share on light volume. The company has a market cap of $26 million and a 52-week range between $0.07 and $0.67 per share.
Oxford, MS 3/30/2011 (Penny PayDay) -- Gold Standard Mining Corp. (OTC:GSTP) yesterday announced, in a press release, whose subsidiary operates a gold mine in Russia, that it has appointed Ricardo Valls, P.Geo., M.Sc. as the Company’s Chief Geologist and QP. Mr. Valls will be responsible for further developing and managing the Company's exploration projects. As I write, shares of Gold Standard Mining were up 24 percent at $0.62 per share on heavy volume of more than 1.1 million shares compared to its average daily volume of just over 104,000 shares. The company has a market cap of $126 million and a 52-week range between $0.12 and $4.51 per share.
Oxford, MS 3/30/2011 (Penny PayDay) -- UnionTown Energy Inc. (OTC:UTOG) today announced, in a press release, the appointment of Al Radford to the Company's Board of Directors. As I write, shares of UnionTown were up 7 percent at $1.66 per share on volume of nearly 250,000 shares compared to its average daily volume of 592,000 shares. The company has a market cap of $357 million and a 52-week range between $0.38 and $2.60 per share.
Oxford, MS 3/30/2011 (Penny PayDay) -- Drug company Cephalon is facing a hostile bid from Valeant Pharmaceuticals, which is offering $73 a share, a 24% premium to Cephalon's closing price Tuesday of $58.75. Cephalon shares rose 30.7% to $76.80 in premarket trading Wednesday. Shares of Valeant were rising 18.3% to $52.50.
THE DAY AHEAD
Oxford, MS 3/29/2011 (Penny PayDay) -- Power of the Dream Ventures, Inc. (OTC:PWRV) today announced, in a press release, that Dr. Julianna Lisziewicz CEO of Genetic Immunity is invited to present at the Conference Innovation in Healthcare. As I write, shares of Power of the Dream were down 22 percent at $0.36 per share on volume of nearly 36,000 shares. The company has a market cap of $18 million and a 52-week range between $0.07 and $0.67 per share.