Tokyo, Japan – (ACCESSWIRE – June 5, 2015) – Aqua Power Systems Inc. (OTCQB: APSI) (the “Company“) is pleased to provide this discussion regarding the Company’s mission statement and proposed development strategy.
Tadashi Ishikawa, President of Aqua Power Systems Inc., commented, “As the exclusive worldwide license holder, our Company’s mission is to distribute and market the patented water activated RMAF magnesium air fuel cell technology globally. We aim to offer clean power technologies to our customers and partners, working with them to accelerate the global commercialization and market demand for cleaner, more environmentally friendly products.”
“In order to complete our ambitious global development strategy, we plan to significantly build upon my company’s recent successful introduction of the RMAF technology in the Japanese marketplace. This development plan includes raising funds to launch several promising products targeting new large-market opportunities, partnering with leading technology providers to improve product performance, establishing sales and distribution representation in new markets, and expanding our potential production capacity. Ultimately, our growth strategy also includes exercising our option to acquire 100% of Aqua Power Japan, the developer and owner of the underlying RMAF technology.”
Ishikawa concluded, “The great success of RMAF products in Japan, selling more than 8 million water-activated AA batteries to date, provides us with an undeniable example of the consumer potential of this technology. Not only can RMAF fuel cells generate clean electricity by safely combining magnesium, saltwater, and air, it accomplishes this in a way that enables easy expansion to create larger units for greater power generation. The potential to scale the technology is tremendous.”
Features and benefits of RMAF technology include:
– Indefinite shelf life – ideal for long-term storage for emergency use;
– Extremely lightweight and easily transported;
– Totally green – recyclable, no toxic emissions;
– Low cost – lower cost compared to hydrogen and zinc-air fuel cell;
– Safe – no risk of overheating or exploding, as shown in Li-ion fuel cells;
– Indefinitely refuelable; and
– Easily expandable for greater power generation.
ABOUT AQUA POWER SYSTEMS
Aqua Power Systems, Inc. (APSI) is the exclusive worldwide distributor and marketer of RMAF magnesium air fuel cell products developed and patented by Aqua Power Japan. Founded in Japan in 2004, Aqua Power Japan has successfully commercialized magnesium air fuel cells for generating safe, green, reliable and inexpensive off-grid electricity. Aqua Power Japan is controlled and operated by Tadashi Ishikawa, President of Aqua Power Systems Inc.
Aqua Power Japan’s patented (and patent pending) Realistic Magnesium Air Fuel System (“RMAF”) technology causes electricity to be generated from the chemical reaction of the combination of magnesium, oxygen (air) and a saltwater electrolyte. RMAF powered applications can be refueled using its proprietary lightweight magnesium rods, which fuel the chemical reaction. RMAF fuel cells have a long shelf, are lightweight, transportable, environmentally friendly, safe and scalable for greater power generation. Aqua Power Japan has aggressively patented (16 patents and patents-pending to date) and protects its intellectual property in Japan and internationally.
Aqua Power Japan’s fuel cell technology can be applied to many applications requiring remote power, including emergency preparedness and disaster relief, outdoor recreation, industry (mining, oil and gas, forestry), military, marine (saltwater environments), and automotive opportunities (main drive, electrical subsystems, and backup systems).
On behalf of the Board Tadashi Ishikawa, President
For further information please contact: firstname.lastname@example.org.
Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. We are not in control of energy trends and prices and these could vary to make our business development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.