Atlantic Wind & Solar Enters Into Landmark Agreement With Rooftop Solar Developments Inc.
July 02 2010 - 5:15PM
Marketwired
Atlantic Wind & Solar Inc. (PINKSHEETS: AWSL) is pleased to
announce it has signed an exclusive agreement with Rooftop Solar
Developments Inc. (RSD) to expand the reach of Atlantic's rooftop
solar energy program.
The agreement encompasses a new concept in securing rural
rooftops in Central and Northern Ontario for Atlantic's utility
scale solar energy parks.
Rooftop Solar Development's unique approach to securing FIT
contract eligible rooftops entails offering farmers and other
agricultural related land owners the opportunity to have barns and
other utility related buildings erected on their land at no cost to
them. The structures will host Atlantic's high yield, high
efficiency solar energy systems.
The land owner will gain a building which is new and free, while
Atlantic will gain a building which is purpose built and correctly
oriented to host its rooftop energy system -- i.e., a building
which is perfect.
The electricity generated from these rooftop energy parks will
be sold into the grid under the terms and conditions of the Ontario
government's Feed In Tariff program.
Atlantic Wind and Solar will be the ultimate owner and manager
of the project and FIT contract and will be responsible for the
receipt and disbursement of all revenues.
Atlantic CEO Mr. Pierre Cousin commented: "This agreement is the
perfect illustration of our strategy to implement a distribution
model based on strong vertical and geographical channels. In
multiplying the number of feet on the street both locally and
internationally, we are building a growth engine which will help us
to achieve our strategic objectives."
Mr. Charles Mazaccato, VP of business Development for Atlantic,
also added: "We anticipate a very healthy partnership as the people
behind RSD have a long-standing respected history in the Ontario
farming community, and we believe that an additional rooftop
program of this nature will not only be a win-win situation for all
stakeholders involved, but will also greatly assist AWS in reaching
its short and long term corporate growth goals."
About Rooftop Solar Developments Inc.:
Rooftop Solar Developments is owned by the McKague family near
Teeswater, Ontario, who have been farming in the province for six
generations. They stand proud of their heritage, and are committed
to excellence. Through strategic alliances and partnerships, the
company provides unique innovations which greatly enhance the
quality of agricultural production while delivering clean,
renewable energy solutions.
For more info please visit:
http://www.rooftopsolardevelopments.ca/
AWSL ... Poised for Growth
Through focused management, strategic alliances, and advanced
technologies, Atlantic Wind & Solar Inc. is poised for growth
at the forefront of the massive global shift towards
environmentally friendly, economical Renewable Energy. The Company
is working with parties in the Real Estate sector in Ontario to
secure rooftop leases suitable for AWSL's photovoltaic (PV)
renewable energy systems.
Looking Ahead
As powerful new Renewable Energy incentives, such as friendly
tax treatments, grants and generous government feed-in-tariffs, are
introduced in the America's and abroad, AWSL plans on fully
leveraging its relationships, business model and advanced
technologies to capture a significant share of these dynamic
emerging markets.
Sales and Marketing Contacts
Property owners and managers with unobstructed commercial
rooftops of 30,000 s/f or bigger in the Province of Ontario,
Canada, and for which they are interested in possibly leasing to
AWSL, are invited to contact Mr. Charles Mazzacato, +1 800 891 1657
ext. 230.
If you are an agricultural land owner in rural Ontario and would
like more information regarding having a free utility building
erected on your property please contact:
Ron Strome, +1 (888) 392-8656, Email:
rstrome@rooftopsolardevelopments.ca
All other Renewable Energy system inquiries are asked to phone
+1 416 900-0380 or email info@atlanticwindandsolar.com
For further corporate information and/or to
subscribe for regular news updates from Atlantic Wind & Solar,
please visit: www.atlanticwindandsolar.com
Disclaimer: Shareholders and investors are strongly cautioned
against placing undue reliance on information set forth in these
communications in making any investment decisions concerning our
securities. The matters set forth in this press release are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks are detailed from time to time in the Company's
periodic reports filed with the Securities and Exchange Commission
including the company's Annual Report, Quarterly Reports and other
periodic filings. These forward-looking statements speak only as of
the date hereof. The Company disclaims any intent or obligation to
update these forward-looking statements.
Investor Relations Contact: Geneva Bancorp. Mr. Brent O'Connor
Phone: +1 (416) 900-0380 ext. 223 Email: Email Contact
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