EANS-News: Accel Energy Solar Contract
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Joint Ventures/Cooperation/Collaboration
Accel Energy AG (Frankfurt: ACY) announces signing a long term contract for the technology and manufacturing of a new alterative energy product skylight with SunPort Industries of USA. Rights to manufacture from China for worldwide distribution are in place and the company has the exclusive rights to sell the product in its primary territories of China and Jordan which serves the Middle East region.
Solar energy production has been identified by the company as its current focus since solar technology has virtually universal application in all industries; directly and massively. Research indicates that the harnessing of the sun´s energy for two hours a day would meet the entire world´s energy needs for a year. With increasing economic development worldwide, Accel recognizes the growing need for energy and is committed to accessing the most efficient alternative energy sources available that will have the least negative impact on the environment.
The SunPort technology brings natural sunlight indoors and integrates with new or existing artificial lights through an innovative control system. This ensures that a constant light level is maintained throughout the building, day and night, and minimizes the amount of electricity consumed.
Annual sales for skylights in the China market are already at 350 million USD with a projected growth of 20% and the government is planning 530 billion USD investments in alternative energy. Skylights are being used in building for every industry sector from manufacturing to hotels to farming. In addition to new construction, there is a massive renovation project of old style glass roof factories to incorporate new skylight technology.
With its long established energy and construction network, Accel is in a strong position to capitalize on the demand for these new energy and building technologies. The company plans to capture 2-5% of this market with in the first two years.
Accel Energy believes that the forward-looking statements reasonable based on current assumptions, however, the company can not liable for the actual achievement of these goals. This unpredictable and unanticipated risks, trends, Unprofitable and the potential inability to gain or to cash flow obtain or access to sources of funding to secure one. It is not an update of the forward-looking statements planned, what their veracity because of subsequent events lose, nor does the obligation Accel Energy therefore. The Issuance of shares for acquisitions, payments or services can diminish future profits.
end of announcement euro adhoc
Further inquiry note:
Accel IR Department
Tel.: +41/43/288'01'62
Branche: Energy
ISIN: CH0026238243
WKN: A0LFLF
Börsen: Frankfurt / free trade/entry standard