Pwrcor, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 02:39 pm EST
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PwrCor, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 33,050 compared to USD 218,543 a year ago. Net loss was USD 25,202 compared to USD 130,563 a year ago. For the nine months, total revenue was USD 188,390 compared to USD 591,171 a year ago. Net loss was USD 91,851 compared to USD 412,966 a year ago.
PwrCor, Inc. (PwrCor) is a cleantech energy technology company. The Company is developing advanced, novel solutions in the waste-heat-to-energy, geothermal, clean water, hydrogen production, and other markets. With its heat conversion technology, it is able to produce cost-effective mechanical or electric power from wasted heat-from low-grade heat in the 250 to 400 F range down to ultra-low temperatures in the 140 to 250 F range. PwrCor technology can be used to convert low levels of heat from any source, including industrial, geothermal, or solar, into sufficient mechanical power to drive reverse osmosis equipment wherever there is access to water, including sea water, without even having to produce electricity. PwrCor technology is also positioned to facilitate the Energy Transition initiative by creating power from heat generated in the production of Hydrogen and Ammonia, as well as from fuel cells, thereby reducing cost of operations.