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From: Jerseyfish1/31/2015 1:54:49 PM
of 1290
 

VCOR

Based on the PR they now have the first machine in production and the second of 3 will be ordered in a couple of weeks.


James Gaspard, CEO of Vencor International, Inc., stated, "We are pleased to have the first machine completed and in operation. Our plan is to have three of these machines operating during 2015. We are now moving very aggressively to capture as much business as possible and we couldn't have done it without the Torretherm machine. We recently announced that we have received a Purchase Order to produce 3,000 tons of torrefied wood called Bio-coal. This order will be produced using the new machine. We are always looking for ways to trim our costs in order to compete with other renewable energy products. The money saved in capital expenditures will be used to maximize production in order to complete the orders that we have in hand. This machine is capable of generating approximately $4 million dollars in annual revenue for us. We will be placing an order for our second machine in the next few weeks."


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