Sidney Resources Corporation and Airborne Motorworks Announce Strategic Collaboration on Renewable Energy Technology

Rhea-AI Summary

Sidney Resources (OTC Pink: SDRC) and Airborne Motorworks (AMW) announced a strategic partnership focused on developing renewable energy technologies for mining operations. The collaboration involves deploying AMW's advanced wind turbine technology in mining applications, targeting land-based microgrid setups. The turbines promise high efficiency, reliability, low operational costs, and quiet operation. The collaboration will see real-world testing at Sidney's project sites, aiming for service trials in 2024 and mass production by 2025. This partnership is expected to enhance the environmental and operational performance of Sidney's mining sites.

Positive

• Signing of Memorandum of Understanding (MOU) between Sidney Resources and Airborne Motorworks.
• Focus on developing innovative renewable energy technologies for mining operations.
• Deployment of AMW's advanced wind turbine technology, known for high efficiency and reliability.
• Wind turbines offer low operational costs, compact design, and quiet operation.
• AMW's wind turbine technology has been verified by independent specialists and exceeded expectations.
• Real-world testing planned at Sidney Resources 's project sites.
• Service trials for wind turbines expected in 2024, with mass production slated for early 2025.
• Enhanced environmental and operational performance for Sidney's mining sites anticipated.

Negative

• No immediate financial gains reported from the partnership.
• Potential risks associated with developing and testing new technologies.
• Uncertainty surrounding the successful integration of wind turbines in mining applications.
• Delay in seeing financial benefits with production only beginning in early 2025.

WARREN, ID / ACCESSWIRE / June 6, 2024 / Sidney Resources Corporation (OTC Pink:SDRC), a company specializing in mineral mining operations, and Airborne Motorworks Inc. (AMW), a leader in the design, integration, and production of electromagnetic propulsion and energy equipment, have signed a Memorandum of Understanding (MOU) for a strategic partnership. This collaboration focuses on the development and testing of innovative renewable energy technologies, specifically AMW's wind turbine technology within mining applications.

Sidney Resources Corporation (OTC Pink: SDRC) is announcing the signing of a Memorandum of Understanding (MOU) between Sidney Resources Corporation (SDRC), a company involved in mineral mining operations, and Airborne Motorworks , Inc. (AMW), a company involved in the design, integration, and production of electromagnetic propulsion and industrial and energy equipment. This MOU establishes a framework for collaboration between the two parties, on a non-exclusive basis, for the development and testing of AMW's wind turbine technology in mining applications. AMW has been actively developing its energy production devices, including an innovative wind turbine design specifically for land-based microgrid applications in urban, suburban, and rural areas. These turbines prioritize high efficiency, reliability, low operational costs, a compact and low-profile design, and quiet operation. For all their new innovations, they choose to employ independent scientific and engineering specialists to verify their designs before starting mass production. Siemens Digital Industries Software provided the technology for Maya HTT to perform the simulations and analysis. The wind turbine successfully completed all evaluations and exceeded expectations in terms of delivery outcomes. AMW intends to conduct service trials for the AMW wind turbine in 2024, followed by production manufacturing in early 2025.

Goals and Objectives: Under the terms of the MOU, Sidney Resources Corporation and Airborne Motorworks will collaborate on:

• Developing and testing AMW's wind turbine technology for land-based microgrid applications in mining environments.
• Providing specialized guidance and assistance in developing air management systems for mining operations using AMW technology.
• Evaluating prototype wind power generation systems in authentic environmental conditions.
• Conducting real-world testing at Sidney Resources Corporation's project sites.

Key Features of AMW's Wind Turbine Technology:

• High efficiency and reliability.
• Low operational costs.
• Compact and low-profile design.
• Quiet operation.
• Autonomous functionality, allowing decoupling from main grid power sources and enabling portability and flexible placement in diverse locations.

Executive Statements:

Sean-Rae Zalewski, CEO of Airborne Motorworks, commented: "This partnership represents a significant step forward in our commitment to sustainable and efficient energy solutions for the mining industry. By integrating Airborne Motorworks' advanced wind turbine technology, we aim to enhance the environmental and operational performance of our mining sites."

Hugh McElroy, CEO of Sidney Resources Corporation, stated: "Both of our companies are dedicated to collaborating to find high efficiency clean energy solutions to meet the growing demand for sustainable energy. Our technology has been verified through third-party validation and found to deliver extraordinarily high energy conversion, far more efficient than traditional wind turbines while capable of being adapted to the needs of specific applications such as those of SDRC."

About Sidney Resources Corporation: Founded in 1896 and based in Warren, Idaho, Sidney Resources Corporation is a publicly traded company focused on the acquisition, exploration, and development of mineral properties. The company is a pioneer in developing disruptive and transformative technology, utilizing commercial lasers to improve the efficiency of the mining industry while simultaneously reducing the negative impact on the environment. Sidney Resources Corporation is listed on the OTC markets under the symbol SDRC. More information can be found on the company website: http://sidneyresources.com/.

About Airborne Motorworks Inc.: Founded in 2018 and based in Spokane, Washington, Airborne Motorworks Inc. specializes in the development of advanced electromagnetic propulsion and industrial energy production technologies. The company focuses on creating high-efficiency renewable energy solutions that are compact, reliable, and suitable for urban, suburban, and rural applications. AMW's wind turbine technology has been validated by Maya HTT using Siemens Digital Industries Software simulation. More information can be found on the company website: https://airbornemotorworks.com.

Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially. Sidney Resources Corporation and Airborne Motorworks undertake no obligation to publicly update or revise any forward-looking statements.

Contacts:

Sidney Resources Corporation:

Phone: 509-552-9858
Email: dan@sdrccorp.com
LinkedIn: https://www.linkedin.com/company/sidney-resources-corp/
Twitter: https://twitter.com/SDRCMINING
Instagram: https://www.instagram.com/sidney_resources_corp/

Airborne Motorworks Inc.:

Chris Pratt, Director of Marketing
Phone: +1 214.208.2667
Email: chris.pratt@airbornemotorworks.com
Website: https://airbornemotorworks.com

SOURCE: Sidney Resources Corp.

View the original press release on accesswire.com

FAQ

What is the collaboration between Sidney Resources and Airborne Motorworks about?

The collaboration focuses on developing and testing AMW's innovative wind turbine technology for mining applications.

What are the key features of AMW's wind turbine technology?

AMW's wind turbines boast high efficiency, reliability, low operational costs, compact design, and quiet operation.

When will the service trials for AMW's wind turbines begin?

Service trials for AMW's wind turbines are expected to begin in 2024.

When is mass production of AMW's wind turbines projected to start?

Mass production of AMW's wind turbines is projected to start in early 2025.

What impact will the partnership have on Sidney's mining operations?

The partnership aims to enhance the environmental and operational performance of Sidney's mining sites.

Has AMW's wind turbine technology been independently verified?

Yes, AMW's wind turbine technology has been verified by independent scientific and engineering specialists.