Marine Exploration and Coordinated Systems International in Partnership With General Electric to Market GradiLux Lighting Sol...
September 24 2013 - 9:58AM
Marketwired
Marine Exploration Inc. (OTC Pink: MEXP) today announced entering
into a Letter of Intent (LOI) agreement with Coordinated Systems
International (CSI).
Coordinated Systems International (CSI), in partnership with
General Electric offer an exclusive GE
manufactured, GE warrantied, GradiLux Total
Lighting System Solution.
In accordance with the LOI agreement, Marine Exploration will
launch a new subsidiary Energy Services Company (ESCO)
concentrating on energy solutions that reduce carbon emissions. The
ESCO subsidiary will exclusively market, integrate and service the
GradiLux Total Lighting System Solution.
CSI began its partnership with GE in 2006 using GE components
and GE manufacturing capabilities. GE built an Energy Saving
Lighting Controller per the CSI patented design. The partnership
has continued to grow and now CSI incorporates the GE GradiLux
Lighting Controller at the heart of the CSI Total System
Solution.
"The GradiLux Total Lighting System Solution is an innovative
technology that rapidly and affordably adapts legacy lighting
solutions to substantially utilize less electricity and
correspondingly reduce the carbon emissions from producing
electricity," said Jaynie McGrath, founder and CEO of CSI. "The
objective of CSI in being part of an ESCO is to see a portfolio of
solutions built that compliment the GradiLux Total Lighting System
Solution with additional innovative technologies that reduce power
consumption and carbon emissions. I am confident in the ESCO plan
that has been submitted by Marine Exploration."
Learn more about the GradiLux Total Lighting System
Solution:
http://bit.ly/CSI-GE-GradiLux
Learn more about Coordinated Systems International (CSI):
http://bit.ly/Coordinated_Systems_International
Marine Exploration launched a strategic effort over one year ago
to diversify into new business lines. Marine Exploration will
continue to deliver marine salvage services in the Dominican
Republic in addition to introducing new business lines.
"In addition to the ESCO services introduced today, Marine
Exploration Inc. recently announced details regarding a $1 million
strategic investment to introduce a new offshore contract
manufacturing line of business," said Mark Goldberg, CEO of Marine
Exploration. "In the last month, Marine Exploration has taken
initial steps with its first two potential contract-manufacturing
clients. Marine has engaged in due diligence to verify the credit
worthiness and project viability of manufacturing small engines on
behalf of one client and water filters on behalf of a second
client. Both potential clients currently have distribution
agreements with brand name multinational big box retailers."
Marine Exploration, Inc. reiterates that this new business plan
does not include a shareholder change of control.
www.usmarineexploration.com
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995.
Marine Exploration, Inc. Investor Relations Bill Young 623 238
5245 wayoung55@aol.com
In Ovations (CE) (USOTC:INOH)
Historical Stock Chart
From Mar 2024 to Apr 2024
In Ovations (CE) (USOTC:INOH)
Historical Stock Chart
From Apr 2023 to Apr 2024