LAS VEGAS, NV--(MARKET WIRE)--Feb 6, 2009 -- Dakshidin Corporation (Other OTC:DKSC.PK - News) (Frankfurt:4LQ.F - News), producers of the world's most powerful water pumping windmill, commented today on the emphasis by President Obama and other world leaders on wind energy. "Dakshidin's low wind-speed fills a niche that other windmills do not, and our recent successful installation and performance in China shows this clearly," stated Nick Laroche, CEO of Dakshidin Corporation.
Dakshidin Corporation is expecting the success of the windmill in Wuhan city to generate significant revenues in this city alone.
Due to the fact that the RESTEC (a wholly owned subsidiary of Dakshidin) windmill works in low wind-speeds more efficiently where others do not, the company anticipates that with the success in China, the demand for the company's unique technology designs will increase rapidly.
It should also be noted that according to the U.S. Department of Energy, enough electric power for the entire country could be generated by covering about 9 percent of Nevada with solar power systems. This is a plot of land roughly 92 miles by 92 miles. Also, according to the D.O.E., wind could provide 5,800 quads of energy per year. That's about 15 times the current global energy demand. According to M.I.T., there are over 100 million quads of accessible geothermal energy worldwide. The Electric Power Research Institute has estimated wave energy along the U.S. coastline at 2,100 Twh per year. That's half the total U.S. consumption of electricity. According to the Set America Free Coalition (organized by the Institute for the Analysis of Global Security), if all cars on the road were hybrids, and half were PHEVs by 2025, U.S. oil imports could be reduced by 8 million barrels a day. The D.O.E. has stated that PHEVs offer consumers the opportunity to power their vehicles for the equivalent of 90 cents per gallon.
About us: Dakshidin Corporation, through its wholly owned subsidiary, RESTEC International Inc., are producers of the world's most powerful pumping windmill. Throughout the world, especially in developing countries, there is a dire need for water to fulfill basic human self-sufficiency demands. In most cases, the problem is not the lack of available water, but the cost and reliability of obtaining it. The RESTEC water pumping Windmill is a renewable, cost-effective and environmentally friendly solution for the world's water crisis.
Forward-Looking Statements: The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.
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