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Drool, Britannia? Is the UK Failing the Cloud?
By Roger Strukhoff
Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
Jan. 8, 2012 11:38 AM EST
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From the Wires
UPDATE: GDT Tek Receives Business Interruption Insurance From Willis Insurance Services for Its Green Electricity Projects

By: Marketwire .
Sep. 2, 2010 04:19 PM

ORLANDO, FL -- (Marketwire) -- 09/02/10 -- GDT Tek (PINKSHEETS: GDTK) today announced that the company has been issued Business Interruption Insurance from Willis Insurance Services of California, part of Willis Holding Group, trading on the NYSE as WSH, to cover business expenses in the event one of its green electricity installations goes offline. Management's decision was to acquire the business interruption insurance as a cash-flow failsafe for its business expansion and current operations.

President of GDT Tek Bo Linton stated, "We have structured our project financing as a debt instrument to minimize shareholder dilution. Willis Insurance Services is one of the top three insurance companies in the world. Our policy with them assures company cash-flow in the unlikely event that one of our systems is offline and not able to generate revenue. Although we have not had a shut down failure in 5 years, it is possible that a facility could be shut down from acts of God or other circumstances beyond our control."

Linton further stated, "The GDT Tek team is pleased that Willis Insurance Services views GDT Tek as a safe bet to insure. Willis is a very successful company listed on the NYSE, they have done their diligence on GDT Tek and are banking on our success."

Rick Wright, Vice President, Willis Insurance Services of California stated that "Due to the integrity, business plan and safety measures undertaken by GDT Tek, we feel confident that this will be a very successful operation and we are looking forward to increasing their insurance coverage as GDT Tek clients needs grow."

About GDT Tek

GDT TEK, INC. is an Orlando, Florida-based publicly traded company (PINKSHEETS: GDTK) focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT TEK's waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT TEK system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT TEK system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT TEK system and stated that "Of the many technologies that I have evaluated over the course of the past several decades, GDT TEK's heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today's changing world market."

About RTR Global Investments

RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. Its holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.

About Willis Insurance Services

Willis Insurance Services is part of Willis Group Holdings, which is a leading global insurance broker. Through its subsidiaries, Willis develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public entities and institutions around the world. Willis has more than 400 offices in nearly 120 countries, with a global team of approximately 17,000 Associates serving clients in virtually every part of the world. Additional information on Willis may be found at www.willis.com.

GDT TEK, INC.'s website is www.gdttek.com, which is in the process of being updated; please sign up for our newsletter (http://www.gdttek.com/info-signup.php) for future information about the company.

Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Contact:
Investor Relations
info@gdttek.com

Published Sep. 2, 2010— Reads 270
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