Mechanology, Inc. Offers Its Steam Turbine Business for Sale at a Sealed Bid Sale on November 18, 2011

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WELLESLEY HILLS, Mass., Sept. 21, 2011 /CNW/ -- Joseph F. Finn, Jr. C.P.A. ("Finn") of the firm Finn, Warnke & Gayton, LLP ("FWG"), announced today that Mechanology Inc. of Attleboro, MA. has retained FWG to sell its steam turbine business at a sealed bid sale on November 18, 2011.

Mechanology's state of the art single stage turbines feature the industry's first "clean sheet" design introduced in over 50 years. This single stage, radially split design incorporates a unique, proprietary nozzle block and steam path designed and manufactured to the customer's specific steam conditions. This permits the designers to maximize the efficiency of the turbine in each application. The N-Series Steam Turbines offer numerous mechanical enhancements with an emphasis on durability, high efficiency and reliable performance. With turbines and fully packaged genset skids installed worldwide, Mechanology's steam turbines serve equally well as mechanical drivers for industrial and API 611 drive applications for fans, pumps and compressors, and generator drivers for power recovery/power generation applications where efficiency is critical. The two turbine frame sizes cover the full power range up to 3.5MW.

The intellectual property, including: sales/marketing literature/documentation; customer lists and install base; turbine sizing & selection programs; manufacturing drawings; assembly documentation; installation, operation, and maintenance (IOM) manuals; casting patterns & tooling; and misc. inventory, will be sold at a sealed bid sale on Friday, November 18, 2011 at noon. Persons interested in bidding must sign a Confidential Disclosure Agreement ("CDA") obtained from FWG - IPSaleServices@finnwarnkegayton.com or (781) 237 - 8840. They will then receive a bid package.

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    About Finn, Warnke & Gayton, LLP:
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Joseph F. Finn, Jr. C.P.A., is the founding partner of Finn, Warnke & Gayton, LLP (www.finnwarnkegayton.com) Certified Public Accountants of Wellesley Hills, Massachusetts.

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    About Mechanology:
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Mechanology, Inc. develops and patents highly innovative energy efficient technologies for commercial and industrial applications. Mechanology's Dragonfly compressor offers industry leading performance in oil-free air compression with potential application in refrigeration/air conditioning, gas compression, and superchargers. The TIVM Expander provides breakthrough performance enabling the efficient utilization of low-grade heat/steam in power recovery, power generation, and renewable energy applications. Contact Mechanology (www.mechanology.com) for information regarding industrial partnerships and licensing opportunities.

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For further information, please contact Joseph F. Finn, Jr. C.P.A. at (781) 237 - 8840 or jffinnjr@finnwarnkegayton.com

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SOURCE Joseph F. Finn, Jr. C.P.A.

For further information: Web Site: http://www.finnwarnkegayton.com

Profil de l'entreprise

Joseph F. Finn, Jr. C.P.A.

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