Technipower Establishes Instant Solar(TM) Footprint in Europe
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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
www.technipowersystems.com
SOURCE Technipower Systems, Inc.
Daniel Connors of Technipower Systems, Inc., +1-203-748-7001
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