Intrepid Prepares to Enter the California Energy Market

IDAHO FALLS, Idaho, Intrepid Technology and Resources, Inc. , a renewable energy company, and the California Dairy Campaign (CDC) announce a partnership to make available ITR’s proprietary digester technology to the California dairy industry.

http://www.primezone.com/newsroom/news_releases.mhtml?d=63459

Gary Bullard, CDC’s environmental project manager was one of the attendees at ITR’s demonstration of their first methane bioreactor in Rupert, Idaho. on August 23. "I left the demonstration convinced that the technology and processes that I saw were of paramount importance to our member dairies". Mr. Bullard further stated, "California, which is the nation’s largest dairy state, with many individual dairies that exceed 10,000 head, is facing an unprecedented environmental challenge to the continued and successful operation of these dairies due to State requirements on the removal and disposition of animal wastes and the associated air, soil and water quality standards which are the most stringent in the nation."

"We are facing two challenges. One is installing bioreactors that will expeditiously and efficiently process the waste and the other is to make this process an economically viable one. Intrepid’s bioreactors are the most efficient and represents the most logical economic model for the bi-products out of the near dozen anaerobic digester systems that I have seen," Mr. Bullard stated.

ITR will meet with the owners of several large dairies near Bakersfield in late September along with representatives of the CDC. ITR believes that interest in their technology is high enough in California and the proximity to the major markets for liquid natural gas so evident that the third bioreactor system will likely be installed in California rather than Idaho. The California dairy industry contains 2000 individual dairies with over 1.4 million head.

About Intrepid Technology: We are a premier technology application innovator of Biogas products and services designed to assist in worldwide energy independence and reduce pollution. All of these are from renewable agriculture feedstock and industrial and agriculture waste materials.

Statements released by Intrepid Technologies and Resources that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company’s business prospects and performance. The company’s actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company’s filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

CONTACT: Intrepid Technologies and Resources
Steve Ellis
(208) 529-5337
[email protected]

California Dairy Campaign
Gary Bullard
(916) 381-1502