Business
Perpetual Industries Announces Grant Awarded to Trine University to Fund Research and Development of Its Windsilo Turbine
Perpetual Industries Announces Grant Awarded to Trine University to Fund Research and Development of Its Windsilo Turbine.
About this update from Perpetual Industries Inc.
[{"type":"text","content":"AUBURN, IN / ACCESSWIRE / November 9, 2020 / Perpetual Industries Inc. (OTC PINK:PRPI) ("Perpetual" or the "Company") is pleased to announce that Trine University, a private post-secondary institution located in Angola, Indiana, has been awarded a grant through its ‘Innovation1' department from the Indiana Economic Development Corporation's Innovation Voucher Program to assist Perpetual Industries in the development of its proprietary vertical axis wind turbine called "The Windsilo".A portion of the $50,000 grant will be used by ‘Innovation1' to fund engineering and technical expertise in collaboration with the research and development (R&D) team at Perpetual to finalize the production prototype of its Windsilo product."We are very excited and honored to have the world class engineering team at Trine University assisting us in this project. Innovation1 will provide unparalleled expertise to help us finalize our Windsilo design, allowing us to bring this very innovative green energy product to market." stated Brent W. Bedford, CEO of Perpetual Industries Inc.The grant was provided by the IEDC's Innovation Voucher program that awards grants to Universities who partner with qualified Indiana-based companies to assist with research, technology development, or commercialization activities.For more information on Trine University and the Innovation1 program, please visit:https://www.trine.edu/innovation-one/index.aspxFor more information on Perpetual Industries and the Windsilo, please visit:https://www.perpetualindustries.com/windsilo.htmlAbout Perpetual Industries Inc.Incorporated in Nevada and based in Auburn, Indiana, Perpetual Industries Inc. (OTCMARKETS:PRPI) is an incubator for the development of new and innovative energy efficient technologies. Our mission is to ‘perpetuate industry' by bringing value-added technologies to market. At the company's core is a proprietary technology known as The XYO Mechanical Balancing Technology, designed specifically to dynamically eliminate vibration in rotating equipment to create energy efficient, environmentally responsible products. We are expanding our expertise and knowledge of energy efficient technology by developing low cost, green energy powered solutions for a variety of industries including renew...