IESV news

[chinaman711]

Press Release Source: Intrepid Technology


Intrepid to Begin Clean Green Gas Production
Monday June 5, 10:15 am ET


IDAHO FALLS, ID--(MARKET WIRE)--Jun 5, 2006 -- Intrepid Technology and Resources, Inc. (OTC BB:IESV.OB - News), a renewable alternate energy company, has received the gas conditioning equipment slated for use in creating pipeline quality gas from its Whitesides Biogas facility. The two semi loads of proprietary equipment will be installed over the next several weeks and brought into operation. The equipment is unique in that it can process a smaller gas stream from the existing two digester array, as well as the full ten digester array that is currently under construction.
ADVERTISEMENT


The cost of this gas conditioning equipment is equivalent to the entire book value of the existing plant, effectively doubling the asset value of the facility. Independent sampling of the product gas will be performed to verify the entire system's ability to produce pipeline-quality gas. The company plans to sell product gas from the existing two digester system in July and then begin the installation of the additional eight tanks which will be completed in late 2006.

The clean gas will be delivered into an Intermountain Gas pipeline making Intrepid the first alternate energy company in North America to produce pipeline quality gas from animal and industrial waste. Once the entire technology has been proven, by delivering gas to Intermountain, Intrepid will begin to aggressively pursue additional locations for their biogas fields that may include Idaho, Washington and California. Additionally, with the technological superiority of the digester, Intrepid will begin to market the systems and Intrepid's process and procedures expertise to other stand-alone dairies and feedlots.

About Intrepid Technology and Resources, Inc.: We are a national leader in Alternative Energy technology and production and an application innovator of biogas products and services designed to assist in worldwide energy independence and reduce pollution from renewable agriculture feedstock and industrial and agriculture waste materials.