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[February 23, 2004] First National Power Corporation Enters Discussions To Acquire WindCrank And Vertical Wind Turbine Technologies LLC Of Hawaii First National Power Corp., effective Monday Feb.23rd, 2004 symbol FNPR (formerly Capstone International Corporation OTC Bulletin Board: symbol CSNI), has reached an agreement in principle to acquire exclusive trademarked technology, development and marketing rights for the Vertical Wind Turbine, WindCrank(TM), from Vertical Wind Turbine Technologies LLC, a privately held Hawaiian Company with Research and Development facilities in Paris, Texas. Preliminary negotiations were concluded this week and First National will complete a Letter of Intent (LOI) within the next 2 weeks and expects a definitive agreement by April 10th. First National has also an option to acquire the Patents and assets of Vertical Wind Turbine LLC.About the Vertical Wind Turbine The Vertical Wind Turbine patented design won an advanced technology award in Atlanta, where one of the distinguished people on the nominating board was Dr Gordon Gould, inventor of the laser. The design was given a favorable review by the Department of Energy through its NIST 19 program. The WindCrank(TM) is a unique design that uses proven methods of capturing and controlling energy from any moving force such as wind, water, geothermal, etc. It can be used in a vertical or horizontal application, depending on the end use. These proven methods include, but are not limited to: centrifugal force, deflectors, louvers, blade timing, sail effect, and flywheel effect. The WindCrank(TM) "blades" are set in a specific sequence to capture impulse wind energy. Fixed deflectors are placed on the tip of each blade to boost power and accompany balance weights for a flywheel effect. An auxiliary (moveable) deflector is positioned so as to direct the wind forces to the inside of the blades and divert wind from the backside of the rotating blades. Louvers are incorporated to provide a sail effect for increased turbine efficiency. The auxiliary deflector is also used as a brake to stop rotation of the turbine by directing equal wind forces to both concave and convex sides of the blades. Thus, there is no need for a mechanical braking system and the deflector can also be used to control the rpm's of the turbine. Photos at: http://www.firstnationalpower.com/drive/pics.htm Vertical Wind Turbine Technologies LLC has received its Qualified High Technology Business (QHTB) designation for Hawaii, under House Bill, HB175, Hi Tech Tax Law, Act 221, and, as such, tax incentive funding is available. The advantages of this patented design are the exceptional torque, stackable applications, controlled RPM's coupled with a long service life, low noise and slow speed avoiding the threat of bird fatalities caused by prop powered units. The WindCrank(TM) services 2 power take-offs and requires no braking. About First National Power First National Power Corporation is a fully reporting Public Corporation listed on the Nasdaq Over-the-Counter Bulletin Board (OTC/BB) under the trading symbol CSNI (formerly CITC and CILC). The CSNI Green Energy Power Generation business model is designed to develop and implement cutting edge technology not formerly utilized in the electrical power generation industry and current technology configurations in new and exciting commercial applications, as exampled by the GREEN OASIS project under current development. http://www.firstnationalpower.com About the GREEN OASIS The GREEN OASIS integrates a multi technology platform, which will deliver a turnkey power, clean water and telecom communications infrastructure in a single portable unit. The OASIS will come fully powered and ready to provide consistent short-term and dependable long-term clean power generation through renewable energy generated from wind and solar technologies. Power will be stored in high efficiency rechargeable lithium ion batteries to power a selection of integrated modules as required by end users and their applications. |