First Tellurium Corp., through its majority-owned subsidiary PyroDelta Energy Inc., is preparing to unveil a novel thermoelectric generator designed to transform waste heat recovery in combustion engines. The technology, developed over an eight-year period, offers potential fuel savings of at least 6% while eliminating traditional automotive components like alternators and radiators. This breakthrough represents a significant advancement in energy efficiency technology with broad implications for multiple industries.
The innovative device leverages tellurium-based technology to capture and convert waste heat into usable electrical energy. Its design allows for straightforward installation in both new and existing vehicles, presenting a versatile solution for improving energy efficiency across transportation and industrial applications. The technology's ability to retrofit existing systems makes it particularly valuable for fleet operators and industrial facilities seeking immediate efficiency improvements without complete system overhauls.
CEO Tyrone Docherty highlighted the technology's potential scalability, noting its possible utility in diverse sectors such as artificial intelligence and cryptocurrency mining. The company plans to demonstrate the generator's capabilities through a video presentation on April 30, providing stakeholders and potential investors a firsthand look at the technology's performance. This demonstration will showcase the practical applications and efficiency gains achievable with the new thermoelectric technology.
In conjunction with the technological demonstration, Docherty also announced plans for a shareholder luncheon in mid-May and the issuance of 1.5 million stock options priced at $0.15 per share, signaling continued confidence in the company's technological developments. These corporate actions reflect the company's commitment to advancing this promising technology while maintaining shareholder engagement through transparent communication channels.
