Ener-Core is a
company that manufactures their patented Gradual Oxidizers which effectively
enable the conversion of poor quality waste gases into electrical power with
the lowest known emissions. With the Ener-Core Gradual Oxidizer married up to
standard gas turbine engines, this will allow brown industries to sell power
from their waste gases. Their target customers include any industry that emits
low quality waste gases such as land fills, dairy farms, poultry farms, the oil
and gas industries, and even the mining sector.
Typically, for
example, you may see what is referred to as a flare stack outside a petroleum
refinery or chemical plant where a pressure relief valve will allow for the
release of a flammable waste gas such as methane that may be over pressuring
the plant equipment. As the waste gas heads into the flare stack, a pilot light
ignites it and you see what appears to be a smoke stack with flames as the
waste is deliberately combusted. With Ener-Core’s technology, the pollution
from the combustion can be avoided and the waste gas can instead be converted
directly into power. In coal mines where the methane concentration is too low
to even flare off and simply heads into the air, the methane can instead be
collected and converted to power.
This is crucial for
the atmosphere as well since methane is 21 times more potent as a greenhouse
gas than carbon dioxide. As there is 200 times more carbon dioxide in the
atmosphere than methane and methane chemically breaks down over time, carbon
dioxide concentration is of the first most concern. However, the accelerated
melting of the polar ice caps has released high concentrations of methane gas
from the underlying permafrost. This introduces a feedback loop which can
accelerate the potential dangers of climate change/global warming even further.
Ener-Core has been
working closely with gas turbine companies as they do not have the technology
to use these low quality waste gases, and it has been estimated that their
potential market size can be up to $77 billion.
As their key
products, the Ener-Core Powerstation FP 250 and the Ener-Core Powerstation
KG2-3G are high priced capital goods that promise reliable operation over a
20-year period. To attract customers to their product, Ener-Core needs to
demonstrate that they have a strong balance sheet. Ener-Core certainly wants to
assure their target market that they will be around for some time to provide
service over the years to customers that purchase the Powerstations. With the
help of Roth Capital Partners, LLC, the company feels it has now achieved its
goal by the raising of $4.6 million by a private placement of senior secured
convertible notes.
The convertible
notes mature in October, 2015, and are convertible into company stock at $0.67
per share. Monthly interest payments are payable in company common stock or
cash. Along with the notes, the company has also issued warrants to purchase up
to 4,097,016 shares of common stock exercisable at $0.78 per share. With over
$4 million now in its cash coffers, Ener-Core can proceed to successful
execution of their business plan.
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
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Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.netEner-Core, Inc.
(ENCR) Completes $4.6 Million Private Placement and Proceeds to Successful
Implementation of Business Plan
Ener-Core is a
company that manufactures their patented Gradual Oxidizers which effectively
enable the conversion of poor quality waste gases into electrical power with
the lowest known emissions. With the Ener-Core Gradual Oxidizer married up to
standard gas turbine engines, this will allow brown industries to sell power
from their waste gases. Their target customers include any industry that emits
low quality waste gases such as land fills, dairy farms, poultry farms, the oil
and gas industries, and even the mining sector.
Typically, for
example, you may see what is referred to as a flare stack outside a petroleum
refinery or chemical plant where a pressure relief valve will allow for the
release of a flammable waste gas such as methane that may be over pressuring
the plant equipment. As the waste gas heads into the flare stack, a pilot light
ignites it and you see what appears to be a smoke stack with flames as the
waste is deliberately combusted. With Ener-Core’s technology, the pollution
from the combustion can be avoided and the waste gas can instead be converted
directly into power. In coal mines where the methane concentration is too low
to even flare off and simply heads into the air, the methane can instead be
collected and converted to power.
This is crucial for
the atmosphere as well since methane is 21 times more potent as a greenhouse
gas than carbon dioxide. As there is 200 times more carbon dioxide in the
atmosphere than methane and methane chemically breaks down over time, carbon
dioxide concentration is of the first most concern. However, the accelerated
melting of the polar ice caps has released high concentrations of methane gas
from the underlying permafrost. This introduces a feedback loop which can
accelerate the potential dangers of climate change/global warming even further.
Ener-Core has been
working closely with gas turbine companies as they do not have the technology
to use these low quality waste gases, and it has been estimated that their
potential market size can be up to $77 billion.
As their key
products, the Ener-Core Powerstation FP 250 and the Ener-Core Powerstation
KG2-3G are high priced capital goods that promise reliable operation over a
20-year period. To attract customers to their product, Ener-Core needs to
demonstrate that they have a strong balance sheet. Ener-Core certainly wants to
assure their target market that they will be around for some time to provide
service over the years to customers that purchase the Powerstations. With the
help of Roth Capital Partners, LLC, the company feels it has now achieved its
goal by the raising of $4.6 million by a private placement of senior secured
convertible notes.
The convertible
notes mature in October, 2015, and are convertible into company stock at $0.67
per share. Monthly interest payments are payable in company common stock or
cash. Along with the notes, the company has also issued warrants to purchase up
to 4,097,016 shares of common stock exercisable at $0.78 per share. With over
$4 million now in its cash coffers, Ener-Core can proceed to successful
execution of their business plan.
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
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