SolarBrook Water and Power Announces Agreements With Two Industry Experts to Serve on Expanded Solar Integration Committee
January 10 2008 - 9:13AM
Marketwired
APEX, NC , a developer, manufacturer and marketer of water
quality and clean power products, announced today that the Company
has expanded its recently announced Solar Integration Committee and
signed agreements with two respected renewable energy industry
professionals.
SolarBrook welcomes Mr. Fred Ferguson, Founder and CTO of Magenn
Power, a Canada-based Power Company. Mr. Ferguson is an inventor
and businessman with a proven track record, specifically in the
solar and wind power space. More information about Mr. Ferguson and
Magenn Power may be found on at
http://www.magenn.com/about.php.
SolarBrook also welcomes Ed Bless, President and CEO of Blueline
Power, a California-based solar power company, to the Company's
Solar Integration Committee. Blueline Power designs, installs and
promotes commercial-scale clean energy systems, including solar,
wind, biofuel, biomass and sustainability projects. The Blueline
team's experience and desire to bring enhanced quality of life
through clean water and energy solutions to existing and emerging
markets is a key driver in inviting Mr. Bless to sit on this
important committee. More information about Mr. Bless and Blueline
power may be found at http://www.bluelinepower.com.
The Company's Solar Integration Committee was formed as part of
the restructuring plan recently implemented by the Board of
Directors. The Board believes that the combination of clean water
and energy technologies and management expertise will help the
Company add value for its shareholders and act as globally
responsible corporate citizens.
Mr. Ferguson and Mr. Bless will be actively involved in working
with Company management and engineers in order to apply leading
edge solar power systems with existing products. These systems will
allow the Company to deliver more clean water in a variety of
applications using considerably less power than its existing
systems require.
George Moore, CEO of SolarBrook, commented, "We are pleased to
have Fred Ferguson and Ed Bless on the Solar Integration Committee
and look forward to their expertise in the solar power arena and
his contributions to the committee."
SolarBrook also announced today that the Company is moving into
new corporate offices that are better suited for the future growth
of the company. The new offices are in Raleigh, North Carolina, not
far from the previous corporate office location in Apex, North
Carolina.
The new facility is located in the Research Triangle Park area
with easy access to major transportation and logistics resources.
The new offices have significantly larger warehouse and
distribution space and will allow Solarbrook to consolidate
warehouse, distribution and administration in a central location.
The consolidation will also result in significant cost savings to
the Company.
"We are occupying the Company's new corporate offices at just
the right time," commented George Moore, CEO of SolarBrook. "As we
undertake the recently announced restructuring initiative, we will
also continue to seek ways to control costs and improve the
Company's bottom line, even as we facilitate growth. This new
office location is another step in that direction."
About SolarBrook Water and Power Corporation
SolarBrook Water and Power Corporation, headquartered in Apex,
North Carolina, maintains a core focus of seeking out synergistic
acquisitions that will provide capital appreciation and income for
its portfolio companies. The mission of SolarBrook is to acquire
and develop innovative technologies and businesses that will
improve the quality of water throughout the world by means of
detection, treatment and removal of contaminants. SolarBrook also
seeks to provide integrated clean power alternatives for remote and
off-grid systems, further expanding market potential.
For more information, please visit www.solarbrook.com
Forward-Looking Statements
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The company intends that such statements about the Company's future
expectations, including future revenues and earnings, and all other
forward-looking statements be subject to the safe harbors created
thereby. Since these statements (future operational results and
sales) involve risks and uncertainties and are subject to change at
any time, the Company's actual results may differ materially from
expected results.