Carrollton, Texas, Oct. 19, 2022 (GLOBE NEWSWIRE) — Allied Power Corp (OTC Pink: AGYP), a producing oil and fuel firm targeted on the leasing and transforming of oil and fuel reserves in one of the prolific hydrocarbon areas in the US, is happy to announce a strategic three way partnership alliance with WalkerGreen Tech LLC, (“WGT”), a personal firm fashioned to pursue acquisition and growth alternatives inside the Power Sector.

WGT was fashioned by Ladda C. Walker in 2016 to pursue focused strategic alternatives within the power sector, leveraging her many years of expertise in associated finance, authorities, and world actual property and undertaking growth. Whereas initially targeted on expertise integration that features, LED lighting, photo voltaic expertise, and management techniques, WGT has expanded into bitcoin mining and different sustainable power development areas inside the new digital financial system. WGT has teamed with property homeowners and builders, crypto-miners, and buyers who help WGT in creating a full understanding of a consumer’s power wants and present infrastructure assessments with a view to optimize holistic power and energy options for particular initiatives.

Within the circumstances the place WGT is named upon by a consumer or accomplice to supply a localized, off-grid energy resolution, WGT researches the requisite energy necessities and design parameters, after which engineers a personalized set of power options that can present steady, resilient energy inside reliable, stand-alone ‘microgrids.’ These are a small, self-contained energy provide grids producing and distributing electrical energy by their very own transmission techniques, which may then be used to energy an information middle or bitcoin mining operation, for instance.  Microgrids are additionally impartial of each regional electrical firm constraints and authorities laws regarding energy consumption.

Allied Power’s deep expertise in pure fuel assets growth has helped them to efficiently safe focused stranded fuel and flared pure fuel wells for beta testing of bitcoin mining with WGT for a 3-month interval. After the beta check, full implementation is deliberate, with optimum technological and operational methods designed to cut back grid “congestion” and guarantee low-cost distributed electrical technology by the extra environmentally pleasant use of flare-off fuel. The top objective being a completely operational “microgrid” cryptocurrency mining facility at every focused effectively web site.

WalkerGreen Tech CEO, Ladda C. Walker, commented on the information: “By getting into into the joint-venture settlement with Allied Power and River Power Group, LLC, WGT sees the brand new approach to not solely decrease emissions however to monetize stranded pure fuel and ideal options for the cryptocurrency business.”

Allied CEO George Monteith commented on the information: “I am thrilled to announce that Ladda and WalkerGreen Tech are coming along with Allied to kind a way more formidable group of expertise to leverage our oil and fuel assets. These people now related to Allied are business leaders and have all indicated to me that they’re dedicated to serving to Allied change into absolutely built-in into the block chain / bitcoin facet of the power sector.”

Concurrent with this information right now, WGT additionally introduced the appointment of two new members to its Board of Advisors, G. Christom Larsin and Ala F. Al Senusi.

G. Christom Larsin is the Founder and CEO of the Washington Firm, a diversified company technique and world monetary advisory agency based mostly in Washington, DC. Mr. Larsin has over 25 years of C-suite expertise and has served as a co-founder or principal for over a dozen modern corporations, and as a worldwide strategic advisor to many extra. Mr. Larsin earned his Bachelor of Arts diploma in American Research from Trinity Faculty in Hartford, Connecticut, and has completed graduate finance work at Johns Hopkins College in Washington, DC.

Mr. Larsin additionally serves as the basic crypto strategist for Alpha Horizon Fund Administration, a cryptocurrency hedge fund based mostly in Chicago, IL. He’s a Managing Director of their Alpha Horizon Cryptocurrency Fund-I, LP, an funding platform that’s designed to seize long-term worth from key cryptocurrency initiatives. He additionally advises a number of different world entities and blockchain-related initiatives on their digital ecosystems and market methods.

Ala F. Al Senusi has 25 years of expertise as an oil and fuel buying and selling advisor to main corporations within the USA, Europe, North Africa and Gulf nations. For the previous 10 years, he has served as a principal advisor for structuring worldwide finance initiatives with duties that embrace securing funding funding, arranging strains of credit and implementing SBLCs for transactions. Mr. Senusi earned his MBA from the Lundquist Faculty of Enterprise on the College of Oregon.

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About AGYP: Allied Power Corp. is an power growth and manufacturing firm buying oil & fuel reserves in a few of the most prolific hydrocarbon bearing areas of the US. The Firm specializes within the enterprise of transforming & re-completing ‘current’ oil & fuel wells positioned within the 1000’s of mature oil & fuel producing fields throughout the US. The Firm applies its information, expertise, and efficient well-remediation applied sciences to realize greater manufacturing volumes, longer effectively life, and extra environment friendly restoration of the confirmed and obtainable oil and fuel reserves within the fields/initiatives wherein it has acquired an possession curiosity. The Firm will make the most of up to date applied sciences equivalent to hydraulic fracturing (“fracking”), drilling of lateral (“horizontal”) legs in productive zones, and using new cased gap electrical logging to find bypassed pays, all to boost day by day charges and oil & fuel recoveries. By buying pursuits in a rising variety of chosen initiatives in numerous areas, Allied Power Corp. is diversifying its publicity and successfully minimizing threat because it pursues company development, prime line & bottom-line revenues to the advantage of all stakeholders. There are confirmed, recoverable reserves contained within the many ageing oil & fuel fields which have been bypassed by corporations shifting away from these fields in quest of deeper, extra plentiful, however extra pricey reserves. The Firm plans to focus on bypassed oil and fuel as there’s much less competitors and, as talked about above, the prices are significantly much less. Moreover, the corporate will purchase pursuits in marginal wells that may be acquired at minimal value, of which there are 420,000 wells within the U.S. Quoting Barry Russell, President of the Unbiased Petroleum Affiliation of America (“IPAA”) – “With roughly 20 p.c of American oil manufacturing and 10 p.c of American pure fuel manufacturing coming from marginal wells, they’re America’s true strategic petroleum reserve.”

About WGT:  Walker Inexperienced Tech is a modern sustainable power options firm, with a set of inexperienced power applied sciences and a specific focus space of off-grid sustainable ‘micro-grid’ energy, which can be utilized for information facilities, crypto-mining and different makes use of the place inexperienced power dependability and resiliency are essential. Walker Inexperienced Tech, LLC was based by Ladda Chang Walker in 2016, and he or she has devoted the final 6 years to assimilating the assorted world assets within the worldwide power sector for WGT that can assist its long-term development. Her 25 years of world expertise throughout oil & fuel, clear power, the worldwide power infrastructure sectors, present WGT with the optimum basis for growth into microgrid growth and crypto-mining operations. Ladda’s sterling repute inside her respective industries together with the quite a few invaluable contacts she has accrued alongside the way in which within the power sector and finance enviornment proceed to play a major function in WGT’s growth.

Secure Harbor Assertion: This Press Launch might comprise sure forward-looking statements inside the which means of the Non-public Securities Litigation Reform Act of 1995. The Firm has tried, each time attainable, to establish these forward-looking statements utilizing phrases equivalent to “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and comparable expressions. These statements replicate the Firm’s present beliefs and are based mostly upon data at the moment obtainable to it. Accordingly, such forward-looking statements contain recognized and unknown dangers, uncertainties and different elements which might trigger the Firm’s precise outcomes, efficiency or achievements to vary materially from these expressed in or implied by such statements. The Firm undertakes no obligation to replace or advise within the occasion of any change, addition or alteration to the data catered on this Press Launch, together with such forward-looking statements.

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