Seattle, WA, Dec 04, 2012 (eTeligis.com via COMTEX)
GeoBio Energy, Inc., a Colorado corporation (OTCBB: GBOE) ("GeoBio"), today announced that its wholly-owned subsidiary, El Gas North America, LLC ("El Gas NA"), has made available for sale to utilities and related consumers the maxiElcor. The maxiElcor is the only Electronic Gas Volume Corrector (cash register for the gas utility) available that can stand alone in the field for up to 5 years (no maintenance needed) and manage and report remotely specific activity related to the transfer and delivery of natural gas. The maxiElcor is utilized for commercial, industrial, pipeline and production application and corrects for actual gas flow, temperature, pressure correction and supercompressability.
Monitoring and managing the distribution and use of natural gas is an increasingly critical function for all parties involved. Accordingly, GeoBio believes devices that deploy state-of-the-art technology, like the maxiElcor, are more desirable, efficient and more likely to gain market acceptance. The maxiElcor has the following features and advantages over its competitors:
Single or dual channel gas volume corrector. This can be used for 1 or 2 gas meters Our competitors can only accommodate 1 channel;
Integrated communications (cell, FM or hardwire modem) Our competitors have a costly second box, solar panel, and gel cell battery;
Designed for hazardous areas UL913, ATEX Zone 0, 1, and 2 - Our competitors only have CSA;
Battery lifetime up to 10 years Our competitors' battery lifetime is only 4 years;
Typical error under reference conditions <0.15% of measured value Our competitors' products can measure +/- 0 .5% of full scale;
Graphic LCD display with backlighting Our competitors are 7 segment Alpha-mnemonic LCD;
A potential third pressure and temperature reading Our competitors do not have this feature;
Additional analog inputs Our competitors' products are very costly and have only 1 input or output (not both); and
Microsoft Windows compatible software Our competitors are not compatible with all Windows versions.
"The advantage of the El Gas NA products is that our competitors do not offer flexibility and low power in the same package, with a proven worldwide track record of over 50,000 field installations. Our products run on 1 D-cell battery for up to 6 years, can be field configured (mechanically and programmed) and have more input/output. The ease of installation, flexibility and simple operation coupled with lower initial cost to the customer makes El Gas NA an unquestionable choice," said Mark Cangany, President of El Gas North America, LLC.
GeoBio Energy's business model emphasizes the development, acquisition and operation of existing companies in the oil and gas services and energy related products industry. As oil and gas exploration continues in the face of ever rising demand, facilitating delivery of oil and gas, monitoring and maintaining drilling sites to obtaining peak efficiency and production from existing, new and aging wells becomes increasingly important. GeoBio believes this to be a significant growth opportunity in its strategy to combine and consolidate companies in the oil and natural gas services sector. GeoBio's subsidiary, El Gas North America, LLC, has an exclusive license to sell Czech Republic based El Gas NA s.r.o.'s natural gas electronic volume corrector (EVC) and electronic data recorder (EDR) products in the United States, Canada, Mexico and the Caribbean, which products provide for the efficient monitoring and delivery of natural gas to consumers. Visit GeoBio's web site: www.geobioinc.com
Media Services by: ValueCorp Communications & www.microcap1.com
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CONTACT:GeoBio Energy Corporation Investor Relations Joseph J. Malonewww.valuecorptrading.com786-375-0556 firstname.lastname@example.org
SOURCE GeoBio Energy, Inc.