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u. a.:
In February 2010, we installed our first Steam Mission module at a glass factory operated by the local energy producer Stadtwerke Luenen, Germany. The unit installed in Stadtwerke Luenen is currently producing electricity at a rate of 10kW/hr. For the first 4 weeks of its operation, this Steam Mission unit was operated manually, with the amount pressure and steam fed into the module regulated by hand. The unit is now being operated automatically, with electronic valves controlling the amount of pressure and steam being fed into the module. In September 2010, the TUEV Nord Group, an independent German accreditation and auditing company, certified the performance parameters of the module installed at Luenen, Germany, confirming the correlation between the amount of steam fed into the installed Steam Mission module and the electrical power produced by the module.
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In March 2010, an additional Steam Mission module was installed as a proof of concept at a limestone factory in Northern Germany. This unit is currently producing electricity at a rate of 17kW/hr. This module was installed as a proof of concept to demonstrate the feasibility of the Steam Mission. ENVA was not paid for this installation other than small amounts for the reimbursement of costs. In July 2011, client ordered a 30kW/hr unit to be installed at the same factory. We expect to be fully paid for the 30kW/hr installation.
In April 2011, Energiepark Gengenbach GmbH placed an order with ENVA for the delivery of a 65 kW/hr Steam Mission module to be installed at their biomass powerplant located in Gengenbach, Germany. The Steam Mission is being installed at the Gengenbach powerplant as part of Energiepark’s efforts to modernize the plant. Installation has begun and is expected to be completed before the end of October 2011.
In June 2011, Apparatebau Allenspach AG from Hermetschwil near Zurich/Switzerland, a global enterprise focusing on engineering and manufacturing high temperature technology, commissioned a 10 kW/hr Steam Mission module to be used at the premises of one of their clients. The parameters of this unit are similar to those of the Steam Mission installed at Stadtwerke Luenen. Installation was completed in August 2011.
In September 2011, we began the installation of a 100kW/hr Steam Mission module that will be used as a reference installation at a pressure reduction station in Bottrop, Germany. This installation will be fully funded by ENVA. Upon completion, ENVA intends to show the installation to prospective investors.
oder
Currently, we own an 85% interest in ENVA Systems, with GVE Greiferbau und Verschleisstechnick Einbeck GmbH (“GVE”) owning a 5% interest in ENVA Systems and HUCON Swiss AG (“HUCON”) owning a 10% interest in ENVA Systems. GVE is a privately owned machining and manufacturing company based out of Einbeck, Germany, located approximately 250 km from our headquarters in Herten, Germany. GVE has over 100 years of experience in the business of machining and manufacturing engines, compressors and heavy machinery. GVE manufactures the Steam Mission for us. HUCON is the majority shareholder of GVE.
In September 2010, to further strengthen the relationship between GVE and ENVA Systems and in an effort to further ensure consistent manufacturing availability for our Steam Mission units, we purchased a 25.1% interest in GVE for a total purchase price of EUR 200,000. Under German law, our 25.1% interest in GVE provides us with the right to veto certain corporate changes to GVE, however we do not otherwise have any rights of control or active involvement in the management of GVE.
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u. a.:
In February 2010, we installed our first Steam Mission module at a glass factory operated by the local energy producer Stadtwerke Luenen, Germany. The unit installed in Stadtwerke Luenen is currently producing electricity at a rate of 10kW/hr. For the first 4 weeks of its operation, this Steam Mission unit was operated manually, with the amount pressure and steam fed into the module regulated by hand. The unit is now being operated automatically, with electronic valves controlling the amount of pressure and steam being fed into the module. In September 2010, the TUEV Nord Group, an independent German accreditation and auditing company, certified the performance parameters of the module installed at Luenen, Germany, confirming the correlation between the amount of steam fed into the installed Steam Mission module and the electrical power produced by the module.
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5
In March 2010, an additional Steam Mission module was installed as a proof of concept at a limestone factory in Northern Germany. This unit is currently producing electricity at a rate of 17kW/hr. This module was installed as a proof of concept to demonstrate the feasibility of the Steam Mission. ENVA was not paid for this installation other than small amounts for the reimbursement of costs. In July 2011, client ordered a 30kW/hr unit to be installed at the same factory. We expect to be fully paid for the 30kW/hr installation.
In April 2011, Energiepark Gengenbach GmbH placed an order with ENVA for the delivery of a 65 kW/hr Steam Mission module to be installed at their biomass powerplant located in Gengenbach, Germany. The Steam Mission is being installed at the Gengenbach powerplant as part of Energiepark’s efforts to modernize the plant. Installation has begun and is expected to be completed before the end of October 2011.
In June 2011, Apparatebau Allenspach AG from Hermetschwil near Zurich/Switzerland, a global enterprise focusing on engineering and manufacturing high temperature technology, commissioned a 10 kW/hr Steam Mission module to be used at the premises of one of their clients. The parameters of this unit are similar to those of the Steam Mission installed at Stadtwerke Luenen. Installation was completed in August 2011.
In September 2011, we began the installation of a 100kW/hr Steam Mission module that will be used as a reference installation at a pressure reduction station in Bottrop, Germany. This installation will be fully funded by ENVA. Upon completion, ENVA intends to show the installation to prospective investors.
oder
Currently, we own an 85% interest in ENVA Systems, with GVE Greiferbau und Verschleisstechnick Einbeck GmbH (“GVE”) owning a 5% interest in ENVA Systems and HUCON Swiss AG (“HUCON”) owning a 10% interest in ENVA Systems. GVE is a privately owned machining and manufacturing company based out of Einbeck, Germany, located approximately 250 km from our headquarters in Herten, Germany. GVE has over 100 years of experience in the business of machining and manufacturing engines, compressors and heavy machinery. GVE manufactures the Steam Mission for us. HUCON is the majority shareholder of GVE.
In September 2010, to further strengthen the relationship between GVE and ENVA Systems and in an effort to further ensure consistent manufacturing availability for our Steam Mission units, we purchased a 25.1% interest in GVE for a total purchase price of EUR 200,000. Under German law, our 25.1% interest in GVE provides us with the right to veto certain corporate changes to GVE, however we do not otherwise have any rights of control or active involvement in the management of GVE.
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