NEW YORK - Wanderport Corp. has announced the signing of a letter of intent with Pulsar Advanced Technologies Inc. to acquire the exclusive global development, licensing, and distribution rights to Pulsar’s water heater technology.

Wanderport said that, in addition to a substantial investment, it will acquire the global exclusive rights to the water heater technology and market the products through local distributors.

“Pulsar’s advanced water heating capability is based on an innovative microwave technology and is 90 percent more efficient than traditional water heater tanks providing on-demand hot water, resulting in the preservation of water and a significant decrease in energy usage,” said Barry Somervail, president and CEO of Wanderport. “A global market established at several billion dollars will now have a solution that not only reduces energy consumption but also saves clean drinking water from waste. We intend to aggressively market the solution worldwide.”

Wanderport Corp. is a holding company specializing in the investment and deployment of environmentally friendly technology. For more information, visit www.wanderportcorporation.com.

Publication date: 08/03/2009