Feb 14 2008
Encore Energy Systems announced today it has entered into a formal agreement with Texas LLC, Energy America Geothermal to collaborate on future commercial geothermal installations.
Under the terms of the Teaming Agreement, Encore Energy and Energy America Geothermal will jointly cooperate on high value commercial geothermal installations. Furthermore, Encore will grant Energy America Geothermal non-exclusive rights to promote the companies' patented Energy Miser System.
The parties to the agreement will combine its recourses and expertise on selected projects on a case by case basis. The aim of the teaming agreement is to capitalize on the strengths of both companies and speed up the turnaround of our multi million dollar sales pipeline.
Encore Energy will provide Energy America Geothermal with access to our engineering design team for customers requiring connection to waste or municipal water installations. In return, Energy America Geothermal will aggressively promote the patented Energy Miser solutions to decision makers in government and US Military. Additionally, the close working relationship with Energy America Geothermal is expected to strengthen our ability to leverage finance to fund many of the $10m plus projects currently under review.