OXFORD, CT -- (Marketwire) -- 01/03/13 -- Go Green Technologies Corp. (PINKSHEETS: GOGR) announced today that installation of Sonical heating oil units to five boilers on the campus of Kimball Union Academy demonstrated an average improvement of fuel efficiency by more than 20%. This means a total annual average reduction of 3,742 gallons of fuel per year resulting in a savings of $11,154 for the school. In addition, at the current rate, the campus reduces its yearly CO2 emissions by 83,461 pounds.
This past year, Kimball Union Academy burned 23,624 gallons of type 2 (light) fuel in its five campus-wide boiler heating units at an annual cost of roughly $70,400. In addition to the financial expense, a gallon of fuel emits approximately 22.3 pounds of carbon dioxide (or CO2) into the air. The installation of Go Green Technologies Sonical heating oil units on the Kimball Union Academy campus is expected to save the school $55,770 at their current fuel cost rate and eliminate 417,307 pounds of carbon dioxide released into the air, over a five-year period with a return on investment achieved at an average of 10 months.
"Our team is thrilled that we exceeded our projected savings for Kimball Union Academy installation. We remain dedicated to helping our customers achieve substantial savings on fossil fuels while significantly reducing their carbon footprint. Our project with Kimball Union Academy is further confirmation that our technology provides substantial value on a local and global scale," said Green CEO John D'Alessandro.
About Go Green Global Technologies Corp.
Go Green Global Technologies Corp. is a U.S. public company. Through its wholly owned subsidiary Go Green Technologies Corp, it has exclusive global distribution rights to the Sonical line of proprietary patented devices developed in Italy for both water and fuel. Since its inception the company has focused on developing and marketing innovative technologies that lead to a cleaner and more efficient planet.
You are also welcome to visit www.gogreentechcorp.com for added information.
Safe Harbor Statement: This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
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