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Welcome to Watervap, LLC.

Watervap, LLC was formed in November 2004 by Robert Wright, Charles H. McCain and David W. McCain to redevelop, patent and market a desalination product using the Heated Air Spray Evaporation (HASE) technology. Water vap has since applied for a patent with the U. S. Patent Office utilizing the HASE technology.

Watervap is currently responding to requests from oil field companies, mining companies, solid waste landfill companies and reverse osmosis desalination plant companies which are interested in utilizing the technology to solve wastewater discharge problems.

View the GE Press Release        View the Watervap Business Plan






Press Release

General Electric and Dow Jones Announce Winner of ECOnomics: The Environmental Business Plan Challenge Award; Recipient Received $50,000 for Innovative Environmentally Friendly Business Plan

NEW YORK--(BUSINESS WIRE)--May 9, 2006--GE and Dow Jones & Company today announced the winner of ECOnomics: The Environmental Business Plan Challenge that provides a $50,000 award for the business plan that best combines environmental innovation and profitability.

Robert R. Wright of Marble Hill, Ga. earned the Environmental Business Plan Challenge Award for HASE technology that he believes will help solve the most universal human need: potable water.

The award was presented this morning to Mr. Wright by David L. Calhoun, vice chairman of GE and president & chief executive officer, GE Infrastructure and Richard F. Zannino, chief executive officer of Dow Jones & Company at a breakfast ceremony held at the Dow Jones headquarters in New York.

"General Electric and The Wall Street Journal have been looking for great business ideas that combine environmental innovation and profitability, because we truly believe that 'green' business represents good business," Mr. Calhoun said.

"As one of the world's most respected brands in business journalism, Dow Jones is always looking at unique and innovative businesses," Mr. Zannino noted. "It is with great pride we recognize Mr. Wright for his foresight and ingenuity with an award from us and GE, one of the world's most diversified companies that solves some of the world's toughest problems."

The joint campaign between GE and Dow Jones expands upon GE's corporate-wide "ecomagination" initiative, launched in 2005, to aggressively bring to market new technologies that will help customers meet pressing environmental challenges. GE expects to double its investment in R&D, investing $1.5 billion annually in research in cleaner technologies by 2010, up from $700 million in 2004.

Mr. Wright, 69, is a registered professional engineer and a diplomat member of the American Academy of Environmental Engineers. He has more than 40 years of experience related to the fields of water and wastewater treatment. Mr. Wright also has held executive or management level positions in several major U.S. consulting engineering firms and is the author of more than 20 technical publications. Currently he is one of three partners in Watervap LLC.

"For nearly fifty years I have been interested and involved in protecting the environment," Mr. Wright noted. "I am concerned about the many world wide environmental problems such as rapidly depleting water supplies and industrial pollution." His continuing interest and dedication to help solve these problems inspired him to develop a new technology and business devoted to serving mankind and protecting the environment.

The winning business plan clearly demonstrated the following: 1) an innovative business idea that benefits the environment, 2) a clear path to profitability and 3) a persuasive and logical presentation. Each candidate submitted an original idea for a new profitable business plan that has a positive impact on the environment.

For more information about the winner and finalist, please go to www.ge.com/economics.

For additional information about Mr. Wright's business plan, please go to: www.H2Ovap.com.

About GE

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

About Dow Jones & Company

Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires, Dow Jones Indexes, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal of CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Contacts
Dow Jones & Company
Robert H. Christie, 212-416-2636
robert.christie@dowjones.com

 

Watervap Business Plan Submission
Executive Summary:
Watervap has developed a unique thermal water desalination process with treatment capabilities unlike any other existing technologies. Watervap’s hot air spray evaporation (HASE) is currently the only desalination process which can convert the water dissolved salts and concurrently deliver fresh water with efficiency approaching 100%.
Business Idea:
Watervap’s HASE technology by itself or in combination with other technologies is the most efficient means to reduce or eliminate undesirable dissolved minerals contained in water to a dry waste product and produce extremely high quality water. As such, it is an ideal solution for treating the liquid concentrate from reverse osmosis which is a significant waste product which is typically disposed of by discharging it into a surface body of water or injecting it into a deep well. Both of these disposal practices have been found on many occasions to cause adverse environmental impacts. The lack of a practical solution to the concentrate disposal problem is the greatest hindrance to the further development of using brackish and seawater as potable water supply sources. Additionally, there are a growing number of applications where the technology can be employed to process an already concentrated wastewater unsuitable for economical disposal. HASE technology is a heat driven process, but the heat source is of no consequence. A HASE plant can be operated using waste heat from power generation units, landfill methane gas, propane gas, oil and electricity can also be used to operate a HASE plant. When waste heat is available, the operational cost of a HASE unit can possibly be one of the most competitive water desalination technologies in existence.
Reverse osmosis is becoming the most popular technology use to treat brackish water and seawater. RO can not effectively treat waters having salinity greater than 4%. RO concentrate can range between 20 to 60% of the total volume of source water being treated. HASE technology can be used to treat water having salinities as high as or greater than 8% and produce no concentrate.
The world’s need or demand for potable water is well documented and the use of brackish and seawater sources are rapidly becoming the only available sources to meet this demand. Watervap has become aware of a huge industrial market where many different types of industries have high annually from oil and gas wells. This water was disposed of by various means at an annual cost ranging between $5 and $25 billion. The entire world is Watervap’s intended market.
Watervap is a licensing technology firm and plans on obtaining its revenue by the sale of equipment, licensing of the technology and royalty fees. We have predicted a positive quarterly cash flow of $1,852,000 in the year 2009 and an end of year cash balance of $4,552,000. Cash flow is predicted to be positive by the end of the second quarter of 2006.
Watervap would use the $50,000 award to conduct two more pilot treatment tests that must be completed in order to obtain our first commercial sales and apply toward the bank loan that was used to construct our existing pilot unit.