First PennyStock : DIPL, Second PennyStock : TOUP
TOUP (Toups Technology): OTC BB currently trades around $2.15
I've followed this company for awhile and I thought the technology sounded pretty good, but this is the first news release that lets me believe they found a good application (and a CONTRACT) to do something with it.
What is aquafuel? According to TOUP..its a clean, efficient way of producing electricity through the use of water.
There are no emmissions.
Here are their other products and technologies:
"The Company has five technologies under license and has to date made two acquisitions, established and funded an in-house leasing program and has completed a
second round of equity financing. The Company's technologies under exclusive license include: AquaFuel™, an alternative fuel that produces no harmful emissions;
Balanced Oil Recovery Lift, a device which is equipment for increasing marginal oil field production; Multi-Purpose Generators which provide electric power
co-generation that automatically parallels with the local utility power grid or other power supplies; the Electromagnetic Tire Recycling process that converts scrap
tires into marketable products without emissions; and Tunnel Bat, a box culvert reclamation vehicle which is designed for use by DOT contractors for cleaning and
de-silting box culverts.
To date, the Company has made two acquisitions, including Advanced Micro Welding, a precision welding and metal fabrication company, and Brounley
Engineering & Associates which provides radio frequency power generators for lasers, plasma etching and other applications. "
More info at: toupstech.com
But why today?
There is a new news release put out by TOUP this morning whereas they are building powerplants which uses the aquafuel technology.
Just this project alone could mean $1.44 BILLION (or $72 million per year).
Outstanding shares is currently around 11 million
And these monetary figures are for just plants built in the Dominican Republic..I can see this expanding to other countries as well.
Here is today's release:
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Monday January 4, 9:34 am Eastern Time
Company Press Release
SOURCE: Toups Technology Licensing, Inc.
Toups Technology & Dominican Republic Electric Utility To Construct
First AquaFuel(TM) Electric Power Facility
Initial Purchase Commitments Exceed $1.44 Billion Over 20 Years
LARGO, Fla., Jan. 4 /PRNewswire/ -- Toups Technology Licensing, Inc. (OTC Bulletin Board: TOUP - news; ''TTL'') announced that it has entered a joint
venture with Compania de Luz y Fuerza de las Terrenas to construct and operate AquaFuel™ production plants and AquaFuel electric power generation facilities in
the Dominican Republic.
According to independent analysis, TTL's AquaFuel is a reliable alternative to fossil fuels, and produces no harmful emissions. It is readily produced from a patented
process involving the electric discharge of carbon arcs in water. AquaFuel is the only known fuel that returns 7-13% oxygen to the air upon combustion.
Luz y Fuerza, headquartered in Santo Domingo, Dominican Republic, is a consortium of entities organized to privatize the delivery of electric power throughout the
country. It is the Dominican Republic's only non-government electric utility, operating several power generation facilities and its own transmission lines that carry
electricity to four major urban areas.
According to the utility, this consortium represents an effort by the government to resolve the growing electric power shortfall of more than 500 megawatts annually,
which results in regular power-outages, as well as the unavailability of power in many areas. Dominican residents and businesses typically pay $0.8-$0.25 per
kilowatt-hour, as compared to $0.02-$0.14 in the United States.
The first Dominican AquaFuel production plant will be built according to a 15-month feasibility and development schedule. Design and engineering has begun, and a
commercial-size generator is scheduled for installation by May 1999. It will be designed to generate at least 4,000 cubic feet of AquaFuel per hour on a continual
basis using modified electric arc furnace technology. It will fuel one or more natural gas-converted diesel electric generators capable of providing approximately one
megawatt of electricity -- or enough energy sufficient for a small city in the Dominican Republic.
Anticipating the installation of a number of AquaFuel power plants, Luz y Fuerza has already arranged for the purchase of a minimum of 1.653 gigawatts of
AquaFuel electric power over a twenty-year period, or about 10% of the country's present power requirements. The utility estimates that this initial commitment
alone could generate revenues of more than $1.44 billion to the joint venture or an average of $72 million annually.
In addition to the sale of electric power, the utility has provided for the sale of distilled water that is produced by AquaFuel generation and for application of the
AquaFuel production process in the reclamation of contaminated wastewater.
Other auxiliary revenue streams are being considered, including the sale of potable water, hot water and steam. (According to a noted independent researcher,
''when primary applications such as recycling are included, and AquaFuel is produced as a byproduct, AquaFuel can be considered to be produced free of any
cost.'')
AquaFuel may also be sold in the Dominican Republic for other commercial applications, including as a fuel for the operation of motor vehicles, a substitute for
acetylene, and for cooking.
In an effort to preserve the island country's forests, the government of the Dominican Republic subsidizes 80% of the cost of propane used for cooking or more than
$380 million per year. The country also imports more than $1 billion of crude oil annually. Dominican government and economic leaders have voiced their support
for the rapid commercialization of AquaFuel.
The joint venture will be formed as a Dominican company under the title of AquaFuel-Dominicana (''AFD''), and owned 51% by the Luz y Fuerza consortium and
49% by TTL (TTL's position is non-dilutive). Upon successful construction and initial operation of the first AquaFuel facility, AFD will receive exclusive rights for
the commercialization of AquaFuel throughout the Dominican Republic, Caribbean, Central and South America.
For its part, TTL will provide the proprietary AquaFuel production technology, and contribute personnel needed to complete the engineering analysis, feasibility
studies, plant design and construction. Luz y Fuerza will supply funding, equipment and personnel, and assist in all areas related to design and construction.
''This joint venture represents a major opportunity for TTL and the Dominican Republic,'' said Leon Toups, president of TTL, ''not only in the introduction of the
world's first commercial AquaFuel generation plant, but for the liberation of a developing country in great need of a readily available, affordable, and self-reliant
source of energy.''
AquaFuel has been analyzed by an international consortium of scientists, engineers, universities, governmental agencies and independent laboratories, including: The
Institute for Basic Research; NASA Laboratories/Kennedy Space Center; U.S. Environmental Protection Agency (EPA); and the Briggs & Stratton Test Center.
The results are published in Certifications I and II which are available from TTL or through its web site at toupstech.com .
TTL commercializes late-stage technologies primarily in the energy, environment and natural resource market segments. The Company's technologies include
AquaFuel, an alternative fuel that produces no harmful emissions; Balanced Oil Recovery Lift device that increases marginal oil field production; Multi-Purpose
Generators which provide electric power co- generation that automatically parallels with the local utility power grid; and Electromagnetic Tire Recycling which
converts scrap tires into marketable products without emissions. TTL's wholly owned subsidiaries include: Advanced Micro Welding/Metal Fabrication; and
Brounley Engineering & Associates, which provides radio frequency power generators for lasers, plasma etching and other applications.
Company contacts: Mark Clancy, Exec. V.P. of TTL, (727) 548-0918, fax, (727) 549-8138; James Dryer, public/investor relations, (561) 655-7575, fax, (561)
655-2171, jamesdryer@aol.com.
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Look at a chart and it has a relatively sturdy technical base at $2.00
So I believe downside is limited.
Good Trading!
-DavidCG |
