Wanderport said that its microwave energy tank-less water heater reduces water and energy consumption as well as global dependence on oil.
Deltoid Enerji, a manufacturer and distributor of various energy savings applications, caters to Turkey's residential and commercial utilities market, and the hotel segment of Dubai, Abu Dhabi and Saudi Arabia.
Turkey's annual water heater sales are roughly 1.5 million units. Deltoid's projected commitment is roughly 25,300 units within a five year period equivalent to $11.385m in revenue.
Muhyettin Sirer, general manager of Deltoid Enerji, said: "Market introduction will be multidirectional, that is, we will use our existing distribution channel through local agents and retail shops as well as hotel and holiday industry. We will also carry Wanderport's eventual commercial grade microwave energy tank-less water heater application.
''Some of Turkey's larger manufacturer/installers include the likes of Arcelik, Dermirdokum, AEG and Vestel and we have regular access to them by way of existing sales channels and a presence at five major building/construction trade shows held in Turkey on a yearly basis."
Richard Martel, president and CEO of Wanderport, said: "It amazes me to see this kind of enormous growth opportunity we are dealing with here. Business opportunities this grandiose are rare and with a pre-production unit on the way, Wanderport is quickly moving closer to its goal of obtaining 1 per cent of the global $10bn industry.''