Document Security Systems, Inc. (“DSS” or the “Company”) (NYSE
American: DSS), a multinational company operating businesses in
consumer packaging, brand protection technology, blockchain
security, direct marketing, healthcare, real estate, and
securitized digital assets, today announced the launch of Alset
Solar, Inc. (“Alset Solar”).
Alset Solar was formed to pursue development of
utility-scale solar farms, providing a clean energy future to
polluted or underutilized properties to supplement the power grid
or provide small microgrids for independent energy.
“Solar energy is a powerful force for good. It has
the potential to mitigate climate change, reduce air pollution,
expand access to energy for all, and contribute to global economic
well-being,” commented Melissa Sims, Director and advisor of Alset
Solar.
As demand for renewable energies continues to grow
in the US, disputes about where to locate solar and wind farms grow
more common as well. Large-scale utility farms raise concerns over
public land use and transmission loss. Opponents of community scale
projects are concerned with visual aesthetics, noise, and property
values. Many rural interests would rather see good land being used
for agricultural farming than solar farming. If renewables want to
maintain a positive reputation, they clearly must look for a way to
get around these concerns.
The more than 450,000 brownfield sites, 130,000 EPA
Superfund sites, and 19 million acres of Bureau of Land Management
land with excellent solar energy potential across the nation
present a major opportunity to put unwanted, unproductive, dirty
land back into use by producing clean electricity. Doing so can
even avoid the major concerns various communities have over
installing solar farms.
“We are actively identifying eligible sites in key
markets and will work closely with communities to put these sites
back into use and back on the tax rolls,” continued Sims. “By
focusing our development efforts on blighted land such as current
and former contaminated properties, landfills, and mines, we can
transform these underutilized sites into assets, providing land
resources for clean energy development and diminishing development
pressures on open space.”
Sims, an attorney and chair of the environmental
division of the national law firm Milberg Coleman Bryson Phillips
Grossman, PLLC, brings extensive experience to her role at Alset
Solar. She has represented units of local government, including
sheriffs, counties, cities, villages, school districts, zoning
boards and townships. She has drafted municipal legislation and has
represented units of local government in trial, appellate and
federal courts. Sims has prosecuted hundreds of municipal ordinance
violations for the towns she represented. The late William J.
Wimbiscus, Jr., began practicing municipal law in 1950 and she
learned from his vast experience in her municipal practice. As a
tenacious municipal prosecutor, Melissa utilized a local ordinance
against Exxon, CBS, and Viacom for a Superfund site for one of her
municipal clients. In that case, she set national precedent before
the Seventh Circuit Court of Appeals on whether a non-home rule
unit of local government could exercise its nuisance powers during
the course of a Superfund cleanup. Following this case, she
represented the Village of Roxana, Illinois, against Shell and
Conoco Phillips using her DePue precedent and fined the
polluters for every lot, street, and alley which contained benzene
from the refinery. Both cases settled.
“We launched Alset Solar to help lead DSS’s clean
energy future with a focus on environmental responsibility and
sustainability measures,” stated Frank D. Heuszel, CEO of DSS. “As
states push for more renewable energy, developers must consider the
environmental and land use impacts of this so-called energy sprawl
– the increasing land use footprint of energy development. We are
directly addressing these valid concerns by focusing our
development efforts on underutilized properties which are
appropriate for solar energy and battery storage for
microgrids.”
Alset Solar is a wholly owned subsidiary of Alset
Energy, Inc. (“Alset Energy”), the Company’s holding company for
its energy group projects. Alset Energy is currently headquartered
in Houston, Texas and is initially seeking market opportunities in
the US sunbelt areas, including Texas, Arizona, New Mexico, and
Florida.
About Document Security Systems,
Inc.
DSS is a multinational company operating businesses
in consumer packaging, brand protection technology, blockchain
security, direct marketing, healthcare, real estate, and
securitized digital assets. Its business model is based on a
distribution sharing system in which shareholders will receive
shares in its subsidiaries as DSS strategically spins them out into
IPOs. Its historic business revolves around counterfeit deterrent
and authentication technologies, smart packaging, and consumer
product engagement. DSS is led by its Chairman and largest
shareholder, Mr. Fai Chan, a highly successful global business
veteran of more than 40 years specializing in corporate
transformation while managing risk. He has successfully
restructured more than 35 corporations with a combined value of $25
billion.
For more information on DSS
visit http://www.dsssecure.com.
Investor Contact:Dave Gentry,
CEORedChip Companies Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking
statements that are made pursuant to the safe harbor provisions
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, but are not
limited to, statements related to the Company's intended use of
proceeds and other statements that are not historical facts.
Forward-looking statements are based on management's current
expectations and are subject to risks and uncertainties that may
cause actual results or events to differ materially from those
projected. These risks and uncertainties, many of which are beyond
our control, include: risks relating to our growth strategy; our
ability to obtain, perform under and maintain financing and
strategic agreements and relationships; risks relating to the
results of development activities; our ability to attract,
integrate and retain key personnel; our need for substantial
additional funds; patent and intellectual property matters;
competition; as well as other risks described in the section
entitled "Risk Factors" in the prospectus and in our other filings
with the SEC, including, without limitation, our reports on Forms
8-K and 10-Q, all of which can be obtained on the SEC website at
www.sec.gov. Readers are cautioned not to place undue reliance on
the forward-looking statements, which speak only as of the date on
which they are made and reflect management's current estimates,
projections, expectations, and beliefs. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions, or circumstances on which any such statement is based,
except as required by law.
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