Clean Enviro Tech (OTCBB: CETC / Berlin: A1KB22, ISIN: US18452C1080, SYMBOL: SO3A) Secures and Executes 2 Million Dollar Loan...
May 13 2013 - 3:46PM
Marketwired
Clean Enviro (OTCBB: CETC), (BERLIN: A1KB22), (ISIN: US18452C1080),
(SYMBOL: SO3A) (www.cleanenvirotech.com)
(http://www.cleanenvirotech.de), an emerging leader in the
development and marketing of next generation lithium-ion powered
batteries worldwide and a leading developer of residential, Solar
Concentrating, Electric Power Generation Systems able to produce in
excess of 2,000 WATTS (2 Kilowatts) (kw) of electric power, with
zero emissions using sunlight as the only fuel, is pleased to
announce that loan terms and documents for the company to receive a
$2 million loan with a private source have been finalized and
executed.
The loan proceeds are currently allocated in part to achieve
final engineering and the establishment of manufacturing and retail
distribution.
With the recently announced significant breakthrough of the
in-house designed, proprietary heat dissipation technology with
closed loop cooling, Clean Enviro Tech is now positioned to move
towards final engineering, manufacturing and market release of the
Residential, Solar Concentrating, Electric Power Generation
System.
Clean Enviro Tech displayed and demonstrated the Residential,
Solar Concentrating, Electric Power Generation System at Solar
Power International (SPI) at the Dallas Convention Center.
Attendees, including officials from the U.S. Department of Energy
were just amazed by the advanced design, high efficiency and space
saving features of the Clean Enviro Tech System.
ABOUT SPI: Solar Power International (SPI) is North America's
largest, most comprehensive solar power trade show and conference.
This annual, business-to-business event was the first of its kind
in North America and grows bigger and better every year. Nearly
24,000 professionals from 125+ countries attended. With one out of
five attendees coming from outside the United States and over 1,100
companies from all vertical markets in the solar power spectrum
exhibited in a space of more than 1 million gross square feet.
Unlike conventional solar panels, the Clean Enviro Tech
Residential, Solar Concentrating, Electric Power Generation System
can produce electrical output with cloud cover as high as 70% and
at the same time requiring 1/3 of the surface area of solar panels
making the Clean Enviro Tech unit ideal for applications with
limited surface area. This opens a market segment which allows
Clean Enviro Tech to stand alone and fill a market void ignored by
others.
Using a highly reflective parabolic dish to concentrate 500 Suns
onto a single point, the Clean Enviro Tech System amplifies sun
light and converts that light into electricity, even with 70% cloud
cover where solar panels simply cannot. Using Shade Sensing
Tracking technology, the system locates, locks onto the sun at
sunrise and tracks through the day; regardless of season and will
work for over 80% of the world. The Sterling Engine also uses a
parabolic dish configuration but can only work in near dessert
conditions greatly limiting its ability.
The retail cost of the Clean Enviro Tech Residential, Solar
Concentrating, Electric Power Generation System which is able to
produce in excess of 2,000 WATTS (2 Kilowatts) (kw) of electric
power, with zero emissions using sunlight as the only fuel is
expected to be $5,000(US). With the Clean Enviro Tech solution
costing about 25% of equivalent solar panel systems, the consumer's
period of cost recoupment is 75% shorter with the Clean Enviro Tech
System compared to other systems.
The Clean Enviro Tech Residential, Solar Concentrating, Electric
Power Generation System is perfect for most all residential
installation. Combining units together for virtually unlimited
electric output, makes the Clean Enviro Tech unit ideal for
commercial applications.
The Clean Enviro Tech residential solar power station will have
the ability to reduce the average user's monthly electric grid
consumption by up to 30-40% with ZERO emissions and ZERO carbon
footprint; using only solar power. Visually appealing, the Clean
Enviro Tech System can easily be installed in most backyards taking
less than one third of the space of conventional Solar panels.
Multiple units can be combined for increased capacity on a linear
scale.
Electric consumption in the United States is increasing at a
rate that will outpace the anticipated expansion of the US Electric
Grid's capacity and Clean Enviro Tech has identified this and is
poised for expansion into the Residential Electric Power Generation
market to allow end users to generate and return 30-40% of their
electric usage back to the grid using "Net-Metering" and the Clean
Enviro Tech System.
Clean Enviro Tech is the exclusive provider of advanced Lithium
Ion battery technology to Terra Inventions for use in their all
electric, zero emission automobiles sees the growth in the consumer
acceptance of all electric cars and the increased burden that will
place on the US Electric Grid as electrical capacity is expected to
decline. The Residential Solar Generation System will augment the
Electric Grid by lowering the grid consumption of the users and
actually augmenting the Electric Grid by producing and sending
electricity from the residential user's surplus back into the grid,
causing the user's electric meter to run backwards. This not only
reduces their electric bill, but more importantly adds needed power
to a stressed grid benefiting everyone.
FORWARD LOOKING STATEMENT:
This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to
future events. However, the forward-looking events and
circumstances discussed in this press release might not occur, and
actual results could differ.
CONTACT INFORMATION About Clean Enviro Tech:
www.cleanenvirotech.com www.cleanenvirotech.de Email:
info@cleanenvirotech.com