17th NREL Industry Growth Forum
October 18 – 20
Orlando, FL
http://www.nrel.gov/
Contact: David Glickson, 303-275-4097

Details: This event unites emerging clean energy technology companies from across the country with our nation's leading clean energy investors. Three days of networking and company "business case" presentations will promote and enhance the success of new ventures, emerging businesses and the growth of entrepreneurship in the clean energy sector. For more information, visit Growth Forum.

July 8, 2004

Internal Hydro International, Inc., ( http://www.internalhydro.com/) and Kinetic Energy Systems, Inc., (http://www.kineticenergysystems.com/), a privately held Florida Corporation have entered into a strategic partnership for the combination of both companies' technologies and business in the alternative energy field. IHDR specializes in a unique patented low impact hydro system for use in industrial, residential and natural flows to produce electricity. KESC has four unique patented and patent pending wind turbine generation and a water current-driven hydrokinetic generator systems for offshore energy production providing uninterrupted sources of clean electrical energy. "This strategic relationship is a partnership of superior, unique, technologies in the alternative energy field," said Craig Huffman, President and CEO of IHDR. Under the preliminary agreement IHDR receives a twenty percent interest in Kinetic while Kinetic receives treasury stock of IHDR. IHDR will assist Kinetic in readying it's premier technologies for market. "Kinetic is an astounding group which will give our shareholders great diversity with complementary energy technologies," Huffman stated.

"The Strategic Agreement with Internal Hydro International, Inc. will allow us to bring our technology to the market place at a faster pace," said Susan Ordway, President of Kinetic Energy Systems, Corporation. "The first product prototype will be the KESC Bowsprit Generator, the newest technology in renewable energy resources, geared to be released to the public at the 17th NREL Industry Growth Forum, in Orlando, Florida in October. The Bowsprit Generator has multiple placement ability on ships, rivers, bridges, docks, and other areas to create electricity."

The two companies will combine resources for market entry with their renewable technologies. The relationship will mean sharing of engineering, marketing, funding resources, and management resources, with a possible acquisition by IHDR of Kinetic in the future.