Technipower Establishes Instant Solar(TM) Footprint in Europe
05 Ottobre 2009 - 2:30PM
PR Newswire (US)
DANBURY, Conn., Oct. 5 /PRNewswire-FirstCall/ -- Technipower
Systems, Inc. (TECZ.PK), formerly Solomon Technologies, Inc.,
announced today that it has established an Instant Solar
distributor in Europe by expanding its existing distributor
relationship with EnviroBoat Developments Ltd (Ambleside, UK).
Enviroboat has marketed Technipower's marine propulsion systems in
Europe for the past five years. As a leading integrator of
solar-electric power for commercial and recreational boats,
EnviroBoat was recognized earlier this year with the prestigious
Royal Thames Mansura Trophy, awarded annually to encourage hybrid
marine propulsion. As part of its Instant Solar promotional plan,
EnviroBoat will demonstrate a 1.8kW Instant Solar system in a high
visibility UK location with further demonstrations planned across
Europe. Europe plays a significant role in the global distributed
solar PV market, projected to grow to $60 billion per year by 2013.
Dan Connors, President of Technipower's Energy Solutions group
commented, "We are moving quickly on our Instant Solar launch with
the international markets being an integral part of the plan. Using
our existing international sales channels is extremely helpful in
quickly bringing this new product to market. The synergy with
EnviroBoat's existing renewable energy focus is strong and the
European market is acutely attuned to the need for clean,
non-fossil fuel energy sources. We look forward to shipping the
first units internationally this quarter." Gordon Hall, Managing
Director of EnviroBoat commented, "We are a long time distributor
of the Solomon Marine Drive product line and have converted a
number of boats to the Solomon system also incorporating solar
power. We approached Technipower because we saw the opportunity to
leverage Instant Solar with the marine product line; in particular
there are shoreside berths in the UK and elsewhere in Europe where
it is difficult to access mains power for battery recharging - and
Instant Solar provides an affordable and simple solution to this
problem. Over the past couple of years we have also become more
involved in the provision of land-based solar panels, with both our
business experience and recent market studies indicating that the
European market is very ripe for this simple, but innovative solar
power solution." Information about Technipower Systems, Inc.:
Technipower Systems, Inc. (formerly Solomon Technologies, Inc.) and
its wholly owned subsidiary design and manufacture electrical and
electromechanical power systems requiring high levels of
reliability and ruggedness for defense, aerospace, marine and
commercial applications. The Company's expansion in to the clean
energy markets includes its Instant Solar(TM) ground mounted solar
system as well as its patented Electric Wheel® and Electric
Transaxle(TM) hybrid/regenerative technologies for hybrid-electric
and all-electric vehicles. Information about EnviroBoat EnviroBoat
Developments Ltd is a private limited company established in 2005,
initially to provide electric motive systems for boats and latterly
to sell solar power components. It is the well-established European
agent for Technipower (Solomon motors). Its business plan looks to
gain an increasing share of the European low pollution technology
market. For further information on EnviroBoat Developments please
visit our website at http://www.enviroboat.com/. FORWARD LOOKING
STATEMENTS: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The statements regarding Technipower Systems, Inc. in this
release that are not historical in nature, particularly those that
utilize the terminology such as "may," "will," "should," "likely,"
"expects," "anticipates," "estimates," "believes," or "plans," or
comparable terminology, are forward-looking statements based on
current expectations about future events, which management has
derived from the information currently available to it. It is
possible that the assumptions made by management for purposes of
such statements may not materialize. Actual results may differ
materially from those projected or implied in any forward-looking
statements. Important factors known to management that could cause
forward-looking statements to turn out to be incorrect have been
identified and discussed from time to time in the Technipower's
filings with the Securities and Exchange Commission. The
forward-looking statements contained in this release speak only as
of the date hereof, and Technipower undertakes no obligation to
correct or update any forward-looking statements, whether as a
result of new information, future events or otherwise. Contact us
for more information Technipower Systems, Inc. Daniel Connors
203-748-7001 http://www.technipowersystems.com/ DATASOURCE:
Technipower Systems, Inc. CONTACT: Daniel Connors of Technipower
Systems, Inc., +1-203-748-7001 Web Site:
http://www.technipowersystems.com/
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