NTE Energy files patent for expansion of hybrid renewable technology

St. Augustine, Fla., December 2, 2010 — NTE Energy and its joint-venture partner, Energy Investors Funds, filed a second patent application in the U.S. Patent and Trademark Office for expansion of its proprietary hybrid renewable energy technology.

This latest filing, following an earlier March 31, 2010 filing, greatly enhances the efficiency and versatility of the companies’ hybrid renewable energy technology, which generates electricity by simultaneously combining a hybrid renewable energy cycle with a traditional power plant.

“These advancements to our technology allow us to significantly boost the efficiency of the hybrid renewable power plant, while increasing the range of applications where our hybrid technology can be used,” said Seth Shortlidge, President of NTE Energy said. “We are extremely excited to continue to improve our technology and use our hybrid renewable energy system to provide a source of clean, cost-effective renewable energy.”

NTE Energy plans to use the new technology, developed by Shortlidge and Greg Cahill of Trimont Engineering, in the development, construction and operation of new hybrid renewable power generation facilities to be located throughout the U.S.

NTE Energy, LLC, in partnership with Energy Investor Funds, is focused on developing hybrid energy projects in the U.S. NTE Energy is a leader in the development of commercially viable renewable energy technology. Hybrid renewable energy combines different types of renewable energy, such as solar, biomass and other technologies, with traditional energy technologies in power generation plant to provide sustainable sources of clean electricity at a lower cost to customers than traditional renewable energy resources alone.

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