Burlington, Ontario–(Newsfile Corp. – May 18, 2021) – Hydro Power Technologies, Inc. (OTC Pink: PYBX) (the “Company” or “HPT”), provides a corporate update and announces its agreement with Zuc Energy SRL, a European Leader in Modular Solar Panel Systems based in Verona, Italy.
ZUC ENERGY – Milan Fair -Italy
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About Hydro Power Technologies, Inc. (OTC Pink: PYBX)
HPT’s mission is to provide and to continue to develop new innovative green hydropower technology options that are grid ready, safe, reliable and cost effective for utility providers worldwide. HPT has developed a system to increase the power output of an impact turbine hydro generation system. The first generation of products from the HPT system known as “Hammer1”, utilizes hydraulic water phenomena to produce rapid fire, high speed, long water projectiles that have a velocity 1.25 to 1.30 times greater velocity than the traditional “Free Flow” turbines in operation today. The additional velocity increases the rotational torque of the impact turbine runner, thus increasing the power generation much more efficiently than today’s installed power generation plants.
Contact Information:
Michael Shamber
Hydro Power Technologies, Inc.
888-993-0989
[email protected]
https://twitter.com/HydroPowerTech
FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results and, consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements and factors that may cause such differences include, without limitation inability to enter into a definitive agreement with respect to the proposed transaction or to complete the transactions contemplated by the non-binding term sheet, matters discovered by the parties as they complete their respective due diligence investigation of the other. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made.
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