GMC Holding Corp. Announces Alternative Energy Update
28.06.2005 / 08:44 / Rubriek: Informatief / Organisatie: Gmc holding
GMC Holding Corp. Announces Alternative Energy Update
ORLANDO, Florida, June 28/PRNewswire/ --
GMC Holding Corp. (OTC Pink Sheets: GMCC) ( www.gmcholdings.com ) announced today results of internal testing and independent verification of the company's high-efficiency electromagnetic pulse motor-generator, based upon the Company's proprietary technology, coined REMAT(TM), an acronym for Rare Earth Magnetic Amplification Technology(TM), a trademark also owned by GMC.
GMC is proud to unveil the latest embodiment of its REMAT(TM) system, comprising a unique and highly efficient design, which can be viewed at GMC's REMAT(TM) system web site, www.rematinc.com . Tests have confirmed that the Company's design team has brought the earth's energy full circle.
The potential value of the Company's technological achievement is enormous. The REMAT(TM) system can be built to any size and output range, with obvious applications wherever motors are used. More importantly, larger generators utilizing the Company's REMAT(TM) system will be able to power individual homes, businesses, vehicles, etc. REMAT(TM) will contribute much needed energy to power the grids of the United States and eventually the world at a cost and efficiency heretofore not seen. GMC's aim is to utilize the REMAT(TM) system to minimize the world's reliance upon nuclear and fossil fuels for the production of energy.
The REMAT(TM) system contains proprietary circuitry that captures a significant amount of back EMF (electromagnetic flux) that is produced during the motor's operation. By harnessing this otherwise wasted energy, the captured EMF is reintroduced back into the system, thereby providing sufficient power to operate the motor. GMC believes this to be a novel application of proprietary circuitry that is a first in electric motor design.
The company has begun to expand its management team by selecting Mr. Bruce McKenzie as President. His professional background includes an invention of technologies currently used by all of the major satellite TV companies. Mr. Richard Brace will continue as CEO. Mr. Dan York and Mr. Theodore Wojtowicz of Dallas are joining the Advisory Board. Their years of experience in the emerging alternative energy technology field will assist in the Company's R&D. The Company's Advisory Board members have extensive experience in business, finance, electrical engineering, and chemistry. The Company will utilize the diverse talents of its unique team of members to bring its revolutionary REMAT(TM) system into full production.
Web site: www.gmcholdings.com
www.rematinc.com
Source: GMC Holding Corp.
Bruce McKenzie, President of GMC Holding Corp., +1-407-834-9400