IDAHO FALLS, Idaho, Nov. 25, 2003 (PRIMEZONE) -- Intrepid Technology and Resources, Inc. a renewable energy company (OTCBB:IESV) announces completion of preliminary phase of design of its "flagship" biogas production facility, an anaerobic digester project at a 4,000-cow dairy near Rupert, Idaho.
Using manure from the dairy cows, the anaerobic digester will process the waste product into methane gas. The methane will be combusted in a turbine generator system to produce over 400 KW of electricity. The electricity could be placed on Idaho Power's grid at the dairy or directed towards other uses. The Company recently submitted an interconnection request to Idaho Power, and the site specific Feasibility Analysis completed by Idaho Power confirms that the distribution system (power grid) is capable of integrating Intrepid's proposed generator. The Company will be employing a proprietary high-rate digestion technology provided by a partner that has 3 years experience of consistently producing biogas with 80% methane content -- which is nearly 1/3 better than the industry standard. Intrepid is now entering into the detailed design phase of the project with a scheduled ground breaking in the spring of 2004. The Company will be an equity owner in the digester and receive royalty payments for electricity sales.
About Intrepid Technology: We are a leading technology innovator of Biogas, bio-diesel and Ethanol products and services designed to assist in worldwide energy independence. All of which are from renewable agriculture sources. These energy sources are "Green Energy" in that they not only significantly reduce emission pollution but also, in the instance of biogas, use existing animal and industrial wastes as the energy source.
Certain statements contained herein constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein. Further, the Company assumes no obligation to update or otherwise publicly revise the forward-looking information disclosed herein to reflect circumstances existing after the date hereof.