Press Release |
AquaCell Sells and Installs First Solar Powered Air Conditioners in India
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RANCHO CUCAMONGA, CA, Feb 26 (MARKET WIRE) -- AquaCell Technologies, Inc. (PINKSHEETS: AQUA), holder of the world's only patent for a solar powered air conditioner, announced today it has sold and installed its first solar powered air conditioners at a Reliance Industries facility in Mumbai, India. India is one of the ideal markets for AquaCell's solar air conditioner, given the high heat and humidity, coupled with an unreliable power grid and an average of 300 sunny days per year. According to the United Nations, approximately 45 percent of people in India are hooked up to an unreliable power grid, and endure daily power failures. Solar power offers a clean and reliable solution to the power grid issue and the expensive "dirty" fossil fuel alternatives being used. AquaCell is thrilled to be providing its innovative technology to an area with such need. The Indian government is supplying incentives to its largest companies to develop alternative energy, particularly solar. AquaCell has begun discussions with major companies in India, including Reliance Industries, Moser Baer, Tata BP Solar-India and Solar Semi-Conductor, who are leading the solar initiative in India. AquaCell's solar powered air conditioner provides grid-free climate controlwith just two solar panels. AquaCell combines the most efficient photovoltaic technology with innovative DC air conditioning engineering to provide reliable air conditioning that does not contribute to greenhouse gas emissions and global warming. The units AquaCell installed in India are the greencore model 10200, which provide 10200 BTUs and are suitable for cooling approximately 600 square feet. This model is ideal for the specific applications being addressed in India, including remote modular medical facilities, construction trailers, remote offices, railroad switching yard control stations and remote telecommunication data centers for cell phone towers. About AquaCell Technologies AquaCell Technologies, Inc. is based in Rancho Cucamonga, CA. The Company is focused on developing and marketing environmentally friendly "green" solutions geared towards corporate eco-friendly and sustainability strategies that are also economically accommodating. AquaCell holds the world's only patent for stand-alone solar powered air conditioners. The Company also manufactures earth-friendly water coolers designed to eliminate the energy required to produce and deliver traditional bottled water, as well as the waste generated in landfills. Pending shareholder approval, AquaCell's name will be changed to GreenCore Technology, Inc. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; and our ability to use the most current technology for our products. Contact: Karen Laustsen (909) 987-0456 Copyright 2008, Market Wire, All rights reserved. -0-