Hybrid Energy Acquires $18,000,000 Solar Technology Assets, Increases in Revenue Expectations and 360% Asset Value Increase
17 Giugno 2010 - 12:31AM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today a
further 360% increase in the value of its Assets with the signing a
Technology Transfer Agreement and Joint Development Agreement with
KS IP Holdings, LLC, a private company specializing in clean energy
technologies, to acquire and develop a select group of technology
Assets from KS-IPH's portfolio.
The Company recently announced its scheduled release of its
year-end financials reflecting an 1800% book value increase in
Assets, including approximately $5,000,000 in cash.
The transaction is valued at $18,000,000, purchased through an
equity-building issuance of Preferred Stock and will create no debt
for the Company. This transaction is the first in a series of
anticipated acquisitions planned as a result of the Joint
Development acquisition under its recently announced Solar Energy
Acquisition and Development Project; the first official project of
the Company's portfolio diversification strategy.
In addition to the Technology Transfer portion of the Agreement,
the income producing Joint Development portion of the Agreement
affords KS-IPH an option to acquire Development and Distribution
Rights to certain technologies. The Company will provide further
updates as to the specific terms of this income-generating Product
Development and Distribution Agreement.
The Solar Energy Acquisition and Development Project is the
first major acquisition and development project under the Company's
New Energy Initiative, which calls for the aggressive investment
in, acquisition of and development of nascent 'New Energy'
technologies, Intellectual Property assets and operations in the
Clean Energy, Energy Smart Technologies and Carbon Capture &
Storage sectors of the Energy Sector.
The Company recently announced Phase II of its growth and
acquisition strategy; the diversification and expansion of its
current asset holdings with the launch of the 'New Energy
Initiative.' The Company has successfully established a strong and
growing asset based of clean energy producing assets with strong
recurring profits and cash-flows. The company will continue its
acquisitions in this sector and expand the scope of its
acquisitions.
"The Solar Energy industry will return to high growth in 2010
and also over the next 5 years. Even in the slowest growth
scenario, the global market will be 2.5 times its current size by
2014. Under the Production Led scenario, the fastest growing
forecast, annual industry revenues approach $100 billion by 2014,"
according to NPD Group which publishes The Leading Annual World
Solar PV Industry Report.
The Solar Energy Acquisition and Development Project, together
with the addition of technologies to increase the Company's
production efficiencies and profitability, will increase the
Company's revenue and shareholder value.
The company is assessing the acquisition of several new assets,
operations and technologies and encourages further technology
submittals and developmental joint ventures through the Merger
& Acquisition portal at www.HybridEnergyHoldings.com
About Hybrid Energy Holdings Hybrid Energy
Holdings (HEH) acquires and operates profitable energy companies
with strong historical cash-flow and sustainable profitability. The
Company acquires sector-specific technology and assets as part of
its Phase II Clean Energy Initiative. HEH's prior foundation
building acquisitions focused primarily on traditional and proven
fuel production. The company now turns its growth strategy to
adding the latest in energy conservation and power co-generation
technologies. HEH may acquire nascent energy technology or rights
as portfolio enhancing assets. HEH's primary business strategy is
the acquisition of diverse, profitable energy related assets that
provide synergistic profits and revenue enhancements across all
portfolio companies.
HEH believes its combination of profitability and mitigated-risk
funding structures provides long-term shareholder equity
appreciation.
The company maintains its web site at:
www.HybridEnergyHoldings.com
Safe-Harbor Statement This release
contains statements or projections regarding future performance
that are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties. The company's filings contain various RISK FACTORS
(and are incorporated on the Company's website "Investors" section
by reference) and should be read before any investment
decision.
Contact: Investor Relations Tel: +1 (775) 636-7602 Fax: +1 (775)
996-7330 info@HybridEnergyHoldings.com
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