Clean Enviro Tech (OTCBB: CETC / Berlin & Stuttgart: A1KB22, ISIN: US18452C1080, SYMBOL: SO3A) to Exhibit the "SkyPower Dish"...
June 25 2013 - 4:00PM
Marketwired
Clean Enviro Tech Corp. (OTCBB: CETC) (BERLIN: A1KB22)
(ISIN:US18452C1080) (SYMBOL:S03A.be and S03A.sg)
(www.cleanenvirotech.com) (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, kicks off our marketing and distribution plan of our "Sky
Power Dish" at the Solar Power International 13 at McCormick Place,
booth 3550, in Chicago, Illinois October 21-24,2013.
With positive results in the latest testing of our patent
pending heat sink, a $2 million funding agreement and the recent
licensing agreement with India, CETC will launch the Marketing and
Distributing Plan for both domestic and international markets at
Solar Power International 13 (SPI).
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
20,000 professionals from 100+ 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.
Solar Facts:
- In 2012, Photovoltaic installations grew a head-turning 76
percent.
- Experts predict continued solar PV growth of 29% over
2012.
- The estimated market value for 2012 photovoltaic installations:
$11.5 billion.
- All market segments -- residential, commercial, and utility --
showed growth in 2012.
"Testing is completed and final engineering is underway for the
Sky Power Dish. We're ready to go to market and very excited to
attend SPI in Chicago. We're looking forward to the establishment
of our dealer/distributor network and feel this event is the place
to do just that," said Rich Ralston, Director of Communications for
Clean Enviro Tech Corp.
Using a Parabolic Dish, the Sky Power Dish concentrates the
power of 500 SUNS onto a focal point creating electrical output
generated from the magnified light directed onto High Efficiency
Photovoltaic cells using less than 1/3 the surface space compared
to standard solar panels.
As recently announced, Clean Enviro Tech has entered into a
Licensing agreement for the manufacturing, marketing and sales of
the Sky Power Dish in India. Being, one of the world's most
populated countries, India suffers from significant, wide scale
electricity shortages with expectation of additional, worsening
shortages. The Sky Power Dish is a perfect solution for on-grid,
off-grid and remote applications for all users that have either NO
access to electricity or the negative effects of unreliable and
intermittent utility service.
In December 2011, over 300 million Indian citizens had no access
to electricity. Over one third of India's rural population lacked
electricity, as did 6% of the urban population. Even for those with
access to electricity in India, the supply was intermittent and
unreliable. In 2010, blackouts and power shedding interrupted
irrigation and manufacturing across the country.
The electricity sector in India had an installed capacity of
223.625 GW as of April 2013, the world's fifth largest. Captive
power plants generate an additional 34.444 GW. Non Renewable Power
Plants constitute 87.55% of the installed capacity and 12.45% of
Renewable Capacity. India generated 855 BU (855 000 MU i.e. 855
TWh) electricity during 2011-12 fiscal.
Demand for electricity in India far outstrips availability, both
in terms of base load energy and peak availability. Base load
requirement was 861,591 (MU) vs. availability of 788,355 MU, an
8.5% deficit. During peak loads, the demand was for 122 GW vs.
availability of 110 GW, a 9.8% shortfall.
The unique design of the Sky Power Dish gives homeowners, for
the first time, access to advanced concentrating Photovoltaic
technology combined with sun tracking technology while taking only
about 1/3 the space compared to standard solar Photovoltaic panels
and at a much lower cost.
The entry-level price point for a Sky Power Dish is estimated to
be $5,000US upon release. Many financial incentives are available
which reduce the user's actual costs and vary by location. Multiple
Dishes can be combined for increased capacity.
Recently announced acquisition of $2,000,000(USD) in financing,
combined with the development of a worldwide Dealer/Distributor
network positions the company for rapid expansion in a rapidly
expanding market, both in the US and around the world with swift
movement into manufacturing, licensing, sales and distribution.
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 For further
information: info@cleanenvirotech.com