Electric & Gas Technology – serving the electric, gas utilities since 1985 and now introducing their latest product to the world: the WaterMaker™

Technology
Products for the electric and gas utilities and specialized water systems
OTC BB: ELGT

Electric & Gas Technology, Inc.

13636 Neutron Rd.
Dallas, TX 75244-4410

S. Mort Zimmerman
Chairman, President and
Chief Executive Officer

 Interview conducted by:
Walter Banks, Co-Publisher

CEOCFOinterviews.com
August 2001

BIO OF CEO

S. Mort Zimmerman:  Mr. Zimmerman is Chairman of the Board, President and Chief Executive Officer of the Company since its formation in March 1985.  After attending Georgia Institute of Technology and Oglethorpe, Mr. Zimmerman graduated in 1958 with a Bachelor of Science in Electrical Engineering from Pacific International University.  He established the first electronics subsidiary for the predecessor corporation of LTV Corporation, which was formed to market a low cost television camera invented by Zimmerman and for which he was awarded a United States Patent in 1958.  Prior to 1963, he participated in the engineering and installation of 18 television stations.

In 1965, Mr. Zimmerman formed the first "one-bank holding company" of its kind in the United States and which later served as a model from which many bank holding companies were formed.  He served as Chairman of the Board of four individual banking institutions, three of which were located in Florida (Springs National of Tampa, Metropolitan of Miami and Mercantile National of Miami Beach) and New York City (Underwriters Trust).  After obtaining a public underwriting these banks were sold to others.  In 1967 Intercontinental Industries, Inc. was organized and Mr. Zimmerman served as its Chairman and Chief Executive Officer.  This diversified holding company was primarily engaged in the operations of Intercontinental Manufacturing Company, a weapons manufacturer that was later sold.  Through his research and development in the field of video X-ray and imaging, Mr. Zimmerman caused the organization of Video Science Technology, Inc. in 1981 to exploit the inventions for which he was awarded two U. S. Patents.  Patents awarded include: Television Camera-Video Amplifier and Blanking Circuits-1958, Electronic Thermometer-1963, Video-X-Ray Imaging System and Method-1977, Video System and Method for Presentation and Reproduction of X-Ray Film Images-1977, Electromagnetic Radio Frequency Excited Explosion Proof Lighting Method and System-1986, and Laser Display of an Electronically Generated Image Signal-1987.  Recently, Mr. Zimmerman participated as a co-inventor on new Electronic Refrigeration technology to which patents are pending.

About Electric & Gas Technology, Inc.



The WaterMaker^TM

Electric & Gas Technology designs and manufactures products for the electric and natural gas utilities through three divisions. Their subsidiary in Toronto, Canada, Hydel Enterprises, Inc. manufactures electric meters sockets, and their subsidiary in Dallas, Texas, the Reynolds Equipment Company in the Dallas, Texas, manufactures measurement and odorization systems for the natural gas industry.

Through our third subsidiary Atmospheric & Magnetics Technology, Inc. (AMT), also in Dallas, Texas, we manufacture the WaterMaker^TM. . This product is a water fountain that produces its own purified, refrigerated drinking water derived from the atmosphere air we breathe with no connection to any water source and with no typical bottled water requirement!

The WaterMaker completes Mother Nature's Natural Distillation Process, and provides an abundance of healthy, clean drinking water before it has been exposed to earthly contaminants. This sets the WaterMaker apart from municipalities, filtering, and bottled water suppliers who merely provide a more drinkable variation of polluted water, by attempting to remove or neutralize the hundreds of chemicals, micro-organisms and particulate in other water sources.

The WaterMaker's Patented Technology finishes what Mother Nature's Evaporation System begins by capturing Her distilled H2O vapor in a sanitary environment before it liquefies and has an opportunity to become polluted. Our H2O D.I. unit passes 600 cubic feet of air per minute through a 1" spun polyester filter, which separates and holds suspended contaminates from the air. This process creates a clean air environment from which our technology extracts the distilled water vapor, converting it into crystal clear drinking water, the way Mother Nature intended it to be!

CEOCFOinterviews - Mr.Zimmerman, can you give us a brief history of Electric & Gas Technology?

Mr. Zimmerman: "The Company started in l985 and went public in l986, primarily manufacturing products for the electric and natural gas utilities, and later we started making water systems. That divided our company into three business segments, electric, gas and water. E&GT is a very technically oriented enterprise. Our subsidiary in Toronto, Canada, Hydel Enterprises, Inc. manufactures the electric meters sockets that installs on the side of your house. Another subsidiary, Reynolds Equipment Company in the Dallas area manufactures measurement and odorizations systems for the natural gas industry. Natural gas does not have an odor and that company makes special equipment that puts an odor into gas. Therefore, if you have a leak, you can smell it. Reynolds Equipment Company recently received a contract from Niagara Mohawk Power for development of a new BTU meter. A very important product needed by the gas industry, and it is now being tested and will sell at a price substantially lower than existing competition now being used to measure BTUs.

The third area of our business is our water systems. We recently have designed and received US patents on our water maker, which we call the “infinite fountain of pure water”. The water processor comes from our third subsidiary, Atmospheric and Magnetics Technology, Inc. It is a very nice product that derives, from the air that you breath, about five gallons per day of healthy, pure drinking water by the process of dehumidification, filtering and purification using only one source of power, electricity. Moreover, we have systems that produce much more than five gallons of water a day. We have systems that make 60, 100, and even 10,000 gallons a day, there is no limit. The point is, there is probably more than 1,000 trillion gallons of water in the atmosphere around the Earth, and our product allows us to tap into that source.

When we designed that system, it attracted interest from all over the world. We have just shipped a unit that will produce 50 gallon per day to Saudi Arabia. They are very excited about it and we are preparing more units for them. We also recently shipped out two units that work with a diesel powered electric generator with a fifty gallon tank, and a system that can be driven anywhere and produce drinking water. Not long ago we signed a most important contract with a business group from Pakistan, a country known for a very poor, very contaminated drinking water. In Karachi, the capital, a very large city with more than 9 million population, there is a tremendous need for good drinking water. Our proposal is to install ten systems throughout the city of Karachi, each producing ten thousand gallons of drinking water per day, which gives you a hundred thousand gallons per day throughout the city and on a monthly basis three million gallons, which is more than 11 million liters per month. The people will come to these locations with plastic bottles to fill them with good drinking water. The important thing about this contract is that is it conditioned on getting foreign aid for humanitarian purposes. We are counting on the United Stated for some of that aid, and there is nothing more humanitarian right now than the need for pure drinking water. It is a problem all over the world."

CEOCFOinterviews – Do you have other international customers?

To receive a complete copy of this interview call: 570-839-0236