LARGO, FL--(Marketwire - Jun 19, 2012) - GDT Tek, Inc. (PINKSHEETS: GDTK) announced today that its subsidiary DHS 2 LLC has filed a Reg D offering for $5,000,000 which will allow the DHS 2 LLC to move forward with its capital raise to deploy more Phoenix units that generate electricity from low grade heat. The investors into the LLC will be eligible for Federal TAX CREDITS and possibly State tax credits depending where the investor lives.
The current Federal tax credits are approximately 30% of the amount invested plus the investor will receive its principal investment and earned profit over the 5 year term of the investment.
To better understand how the Phoenix generates electricity from heat you should review the YouTube video at http://www.youtube.com/watch?v=ZcJlbYSYIPE&feature=youtu.be.
Mr. Linton President stated, "With the growing trend of clean energy and solar power throughout the world GDT Tek is pleased to provide the investment community a great opportunity to be a part of the future electrical infrastructure of California. The DHS 2 LLC is located just outside Palm Springs, which is just about the sunniest place in California near the grid and human population in need of clean power."
About GDT Tek, Inc.: GDT Tek, Inc. is a Florida-based publicly traded company (PINKSHEETS: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that "Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."
RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. It holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.
GDT Tek, Inc.'s website is www.gdttek.com, which is in the process of being updated; please sign up for our newsletter (http://www.gdttek.com/info-signup.php) for future information about the company.
Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.