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ZINO GREEN ALUMNUS IS LAUNCHED BY NASATuesday, November 29, 2011 | By:
ZINO GREEN ALUMNUS IS LAUNCHED BY NASA
HYDROVOLTS SELECTED AS FINALIST FOR LAUNCH: ENERGY CHALLENGE
NASA, USAID, The U.S. Department of State, and NIKE identified Hydrovolts for its innovative approach to society’s most pressing energy challenges.
Seattle (November 27, 2011) - Hydrovolts announced today that its selection as one of the ten Innovators of LAUNCH: Energy, a competition founded by NASA, the United States Agency for International Development (USAID), the U.S. Department of State and NIKE, helped Hydrovolts win recognition in a major “angel” investment conference, the Keiretsu Forum Angel Expo.
Hydrovolts won the ZINO Society’s Green Investment fund in 2009, winning $50,000 in investment funds, and also won the Green Investment “Best Investment Opportunity” popular vote at ZINO Green 2010. Since then the company has won awards in the Clean Tech Open and the Imagine H2O Water-Energy Nexus competition.
The LAUNCH: Energy challenge in 2011 identifies transformative energy innovations with the potential to revolutionize both the developed and developing world. Hydrovolts was selected for its unique and affordable "Switchblade" turbine and "Flipwing" turbine rotor that enables reliable hydroelectricity generation from canals and other managed-flow water courses.
Hydrovolts was chosen from over 200 submissions, which were reviewed by a diverse panel of experts comprised of government officials, industry leaders, researchers, and investors. The panel was tasked to identify the ten innovators who best demonstrated potential for broad impact as well as technical and financial viability. Hydrovolts was showcased at the LAUNCH: Energy Forum at the Kennedy Space Center in Florida from November 11 to 13, 2011. The Forum was attended by the LAUNCH Council of forty experts from a variety of backgrounds.
“This is great validation for Hydrovolts, our technology and vision,” says CEO Burt Hamner. “We look forward to engaging with LAUNCH’s Founding Partners and Council who represent a diverse cross section of leadership in energy research, global development and manufacturing Through our collaboration with LAUNCH, we hope to accelerate Hydrovolt’s mission to bring global clean energy generation to the manufacturing sector, making power from water.” Read more about the LAUNCH program and help for Innovators going forward at http://bethbeck.wordpress.com/
Only 4 days after the LAUNCH event in Florida, Hydrovolts competed against nine other companies in the Keiretsu Forum Angel Expo in San Francisco. Over 300 accredited investors attended. The audience was able to vote with fake money for their favorite company, and Hydrovolts received the most votes winning $95 million in fake investment dollars. More importantly, 25 investors signed up for participation in due diligence for Hydrovolts’ current investment offering.
Persons interested to learn more are invited to contact Hydrovolts CEO Burt Hamner with questions, at 206-491-0945, or burt@hydrovolts.com. Hydrovolts is located at the McKinstry Innovation Center near Costco in South Seattle, a world-class business incubator and a manufacturing and marketing partner for Hydrovolts. Visitors are welcome!
About LAUNCH:
NASA, USAID, U.S. Department of State, and NIKE joined together to form LAUNCH in an effort to identify, showcase and support innovative approaches to global challenges. LAUNCH searches for visionaries, whose world-class ideas, technologies or programs show great promise for making tangible impacts on society. For more information, please visit www.launch.org .
About Hydrovolts Inc. www.hydrovolts.com www.youtube.com/hydrovolts
Hydrovolts capitalizes upon the global opportunity of untapped energy from controlled flowing water, enabling clean electricity in places never before possible. The company’s zero-head hydrokinetic turbines offer an economical and easy way to generate reliable, local clean power in millions of locations around the world, including water canals, dam tailraces, thermal cooling discharges, water and wastewater treatment plants, rivers and tidal channels. Hydrovolts technology offers reliability, predictability, cost-efficiency and control unmatched by other renewable energy sources.
Hydrovolts has collaborations with the U.S. Department of Energy, the University of Washington, the Woods Hole Oceanographic Institution, and Raytheon Integrated Defense Systems. Based at the McKinstry Innovation Center in Seattle, the company has won several awards, including the 2009 National Sustainability Award in the Cleantech Open, the 2011 ImagineH2O Water-Energy Nexus Prize, and the $50,000 Green Business investment prize from the Zino Society.
For more information: Hydrovolts CEO Burt Hamner at 206-491-0945 or burt@hydrovolts.com. More information is available on the company website www.hydrovolts.com . Videos are online at www.youtube.com/hydrovolts
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