NEW YORK, Oct. 18, 2012 -- Wanderport Corp. (OTC Markets-PINKSHEETS: "WDRP") today announced Intertek Group plc, a worldwide recognized leader in independent, cost-effective performance efficiency testing and certification services, has been contracted to test and validate performance efficiency results on the innovative microwave energy tank-less water heater.
According to the Company, Intertek's mandate includes:
To evaluate a fully functioning microwave water heating unit
To safely complete performance efficiency testing services and analysis, while taking into consideration the unique nature and characteristics of Wanderport's microwave water heating unit and technology
To supply Intertek's independent interpretation of their efficiency analysis performed on the eco-friendly microwave tank-less water heater.
Intertek Group plc test a host of certification marks and North American market standards including ETL, CSA and UL. They boast testing proficiency rooted in a long history of success with over 127 years experience through their expansive network of global laboratories and offices. Their expertise includes troubleshooting, safety, quality control, research and development, design engineering and evaluation, as well as, prototype testing, validation and product benchmark testing. While International and local regulations continuously evolve, Intertek assists their clients to identify where hazards are likely to occur and to maintain requisite regulatory and legal compliance.
"Wanderport is in an enviable position transacting with two of the world's foremost independent certification Laboratories namely Underwriters Laboratories Inc. (UL) and now Intertek Group plc. When we presented the technology to UL in a past consultation, we were very pleased by UL's willingness to acknowledge our technology's credibility and distinct nature by means of a proposal to create a 'New and Innovative' product category for our product. This relationship, combined with Intertek's certified efficiency results suddenly offers Wanderport hard facts and leverage for upcoming negotiations to secure a strategic alliance with a leading manufacturer and should reduce the company's risk by shortening the product's time-to-market," stated Mr. Robert Simoneau, Wanderport's Technical Advisor and product Licensor.
"Initially, we had intended to provide 'in house' efficiency performance results; however, we soon realized it would be virtually impossible to support our claims without validating them by a recognized third party laboratory. Intertek's group of professional technicians, safe testing environment and state-of-the-art research analysis tools provide a setting that Wanderport alone could not offer. In order to add credibility and gain a competitive edge, management's new objective is to use Intertek's certified performance efficiency results and a demonstration of our fully functioning unit o illustrate how our technology stacks up against other existing products in the industry. We feel this will go a long way to tip the pendulum in our favor," affirmed Mr. Richard Martel, Wanderport's CEO. "We anticipate releasing Intertek's performance efficiency test results no later than November 15th, 2012. In the interim, it is the company's intention to follow-up on its promise to release recent pictures of the unit including its interior, as a well as, a video demonstrating its functionality and capacity to increase water temperature," further stated Mr. Martel.
About Intertek Group plc: Through our network of over 33,000 people in 1,000 laboratories and offices in 100 countries, Intertek provides quality and safety solutions to a wide range of industries around the world.Through our network of over 33,000 people in 1,000 laboratories and offices in 100 countries, Intertek provides quality and safety solutions to a wide range of industries around the world.Through our network of over 33,000 people in 1,000 laboratories and offices in 100 countries, Intertek provides quality and safety solutions to a wide range of industries around the world.
For more than 127 years, companies around the world have depended on Intertek to ensure the quality and safety of their products, processes and systems. Intertek helps companies to develop and maintain trust and integrity in their products and processes, delivering quality solutions that meet or exceed industry requirements and regulatory standards. Intertek holds extensive global accreditations, recognitions, and agreements allowing certification for virtually every market in the world. Intertek Group plc is a publicly listed company that trades on the London Stock Exchange under stock code ITRK.L in the FTSE 100. Intertek has more than 30,000 people in over 1,000 locations serving clients in more than 100 countries. In March 2012, Intertek Group reported annual revenue of over £1.7 billion for the 2011 financial year and had a market capitalization of £4 billion. For more information, please visit: www.intertek.com
About Underwriters Laboratories Inc. (UL): Working for a safer world since 1894, UL has developed more than 1,000 Standards for Safety and is unparalleled in expertise and global conformity. These are essential to public safety and confidence, reducing costs, improving quality, and marketing products and services. Millions of products and their components are tested to UL's rigorous safety standards with the result that consumers live in a safer environment than they would have otherwise. For more information, please visit Underwriters Laboratories Inc. (UL) at: www.ul.com
About Wanderport Corporation: Wanderport Corporation is a publicly traded company which acquired the global exclusive licensing, distribution and proprietary rights to a unique microwave energy tank-less water heater solution. The company has been dedicated to converting the technology into a marketable eco-friendly, efficient product. Wanderport's objective is to build a sound and profitable company by marketing and distributing the world's first revolutionary alternative to existing less-efficient water heating systems. The proprietary heat engine technology was the proud recipient of the 2005 TIPTA award (TCA; Toronto Construction Association, Innovative Product and Technology Award), awarded by the National Research Council of Canada recognizing excellence in product innovation and technology development.
Important Information About Forward-Looking Statements: Statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services to be offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating efforts. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release. These statements are predictions and involve known and unknown risks, uncertainties and other factors, including the risk that Wanderport Corporation cannot execute its business plan for lack of capital or other resources, distribution, licensing/acquisition opportunities or internal partnering issues or restructuring/resignation which may modify existing licensing agreement, arrangements and/or contractual obligations, as well as the risks described in the periodic disclosure documents filed on OTCMarkets.com by Wanderport Corporation, copies of which are also available on the company's website. Any of these risks could cause Wanderport Corporation or its industry's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the forward-looking statements in this press release. Except as required by applicable law, including the securities laws of the United States, Wanderport Corporation does not intend to update any of the forward-looking statements to conform these statements to actual results.
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SOURCE Wanderport Corp.