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Maxtech Ventures (CSE:MVT) (FKT:MINA), has signed an option with Swiss-based Eotheme SARL

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Maxtech Ventures (CSE:MVT) (FKT:MINA), has signed an option with Swiss-based Eotheme SARL, the developers of a unique technology for wind turbines. Eotheme’s technology involves a special gearbox which couples two rotors, allowing each rotor to rotate in a different direction.

Additional Information:

Company: Maxtech Ventures
Website: http://www.maxtechventures.com/s/home.asp
Stock Symbol: CSE:MVT
Date Published: Sep 28, 2015
Transcript: Available

Video Transcript:

I’m Sarah Lane for Investmentpitch Media

Maxtech Ventures (CSE:MVT) (FKT:MINA), has signed an option with Swiss-based Eotheme SARL, the developers of a unique technology for wind turbines.

Eotheme’s technology involves a special gearbox which couples two rotors, allowing each rotor to rotate in a different direction.

While this technology is not yet ready for commercialization, Maxtech now holds one patent in trust, and has an option to own patents and all other intellectual property over a period of 5 years.

An independent technical report published in 2009 by the Paul Scherrer Institute, the largest research centre for natural and engineering sciences within Switzerland, cited the possibility of a 25% increase in energy output using the technology, versus other conventional wind turbines.

In addition to the increased energy output, the current trend towards limiting the footprint or size of windfarms, thereby avoiding the “visual pollution” effect, should be a major driver for this technology.

Ayub Khan President and CEO stated: “We are actively engaging with wind farm owners and windmill manufacturers. Our intention is to find a suitable partner and retrofit their end of life Windmills with the Eotheme counter rotating wind turbine technology. We are optimistic that our offering will save considerable costs for wind farm operators and increase energy output efficiency. It is hoped that by taking this approach the company will be able to fast track towards our goal of commercial deployment.”

Maxtech, a diversified investment company, seeks to identify development stage companies and projects that will require funding and access to capital markets.

The company is currently focusing on investments in the mining, technology, real estate, clean-tech and oil and gas industries, and has completed due diligence on several projects.

For more information, please visit the company’s website www.maxtechventures.com, or contact Ayub Khan, President & CEO, at 604-592-6881 or email info@maxtechventures.com.

I’m Sarah Lane for Investmentpitch Media