DUBAI, UNITED ARAB EMIRATES--(NewMediaWire - Mar 30, 2016)
- Global Equity International,
Inc. (OTCQB: GEQU) and
its fully-owned subsidiary Global Equity Partners
Plc. ("GEP" - www.gepartnersplc.com) a specialist consultancy
firm with offices located in Dubai and London, are extremely
excited to announce that on March 18, 2016, Granite
Power Limited ("GPL" - www.granitepwr.com/), a company based in Sydney
(Australia) has engaged our professional services to assist
with sourcing, up to but not limited to, US15 million of capital
funding for growth and expansion and also assist with a possible
listing of the Company's shares on a public stock exchange.
Granite Power Limited is a power company delivering zero
carbon emission electricity principally to remote and off the grid
locations around the world, which is cheaper than conventional
energy. Granite's customers benefit from significant savings
and a reduced carbon footprint. The Company's innovative technology
includes GRANEX. This technology is based on a globally patented
implementation of the High Efficiency Organic Rankine Cycle (HEORC)
by Granite Power. Basic ORC technology has been providing power to
industry for over 50 years. Granite converts waste and low
temperature heat to power more efficiently than with conventional
ORC technology.
The Company's solutions also deliver an end-to-end
technical/commercial offerings for green fields or retro fit
projects and takes responsibility for every stage of the
implementation and operation of their lower cost clean energy
production technology -- with retro fitting having no impact or
disruptions for the customers' business activities.
Granite Power delivers zero carbon emission energy to its
customers, enabling them to dramatically reduce their carbon
footprint and help them achieve environmental targets. It can
either increase energy supply without an increase in genset fuel
usage/costs, or enable the same level of energy output from a
generation plant with significant fuel reductions. Either way,
increased clean power with no increase in genset fuel usage.
The Defense sector has significant requirements for remote site
electricity supplies. Forward and remote operating bases and
airstrips require independent power typically supplied by
diesel-fired generators. The supply is costly in terms of cash
as well as risks to troops and equipment. Granite Power offers
an electricity generation solution which significantly mitigates
that power supply task. Ground breaking waste heat to power (WHP)
technology developed in Australia has changed the paradigm. It
features unique innovations which produce more electricity from the
same energy source such as a diesel reciprocating engine on which
most bases rely. The GRANEX unit can also utilize heat from burning
waste material to supply a portion of the site's power
requirements. The Company takes responsibility for energy
modeling, custom design, and construction of the plant, delivery to
the forward or main support base, installation, commissioning and
operation.
The Granite Power waste heat recovery solution is ordinarily
contained within standard shipping container sizes and is designed
to be deployable efficiently. It can also be fitted with air
cooling, meaning no cooling water is required, making it suitable
for dry and arid locations where water is in short supply.
In the Marine sector, despite gains in diesel engine and gas
turbine technology, there is a limit to how long a vessel can
remain at sea before refueling. Energy modeling carried out by
Granite Power can enable vessels to extend their range by over 10%;
ships operating with gas turbines can have their range extended by
up to 25%. The GRANEX units are very compact and lighter
making it a very real solution to be retrofitted to ships,
especially military vessels that have limited space available.
Global Equity Partners Plc. have agreed with Granite Power
Limited, an initial cash retainer and also a cash and equity
success fee.
Partick Dolan, Managing Director of Global Equity
International Inc., said, "We are delighted to be
engaged by Granite Power Limited. The potential for
this company to be a long-term player on a global landscape is
massive in our opinion, as power is a necessity all over the world
and green energy is a must in this day and age. Additionally,
Granite Power have an enormous and significant commercial upside
and are very close to executing agreements in both the Defense and
Government sectors."
Stephen de Belle, CEO of Granite Power Limited,
said, "This is an important step forward. This
relationship with Global Equity Partners puts us on a bigger, more
prominent stage, which will assist with both sales and fund
raising. Global Equity Partners understand our space in the
market and their support will be the key to assisting with the
capital fund raising we require to address the pipeline of projects
we currently have in hand."
About Global Equity International Inc.
Global Equity International Inc., through its wholly-owned
subsidiary Global Equity Partners Plc., advises worldwide business
leaders with their most critical decisions and opportunities
pertaining to growth, capital needs, structure and the development
of a global presence. With offices in Dubai and London, Global
Equity has developed significant relationships in the US, UK,
Central Europe, the Middle East and South East Asia to assist
clients in realizing their full value and potential by bringing
them to external capital and resources that place an emphasis on
collaborative thinking. Furthermore, because Global Equity has
offices in key financial centres of the world, they are able to
introduce their clients to a unique opportunity of listing their
shares on any one of the many stock exchanges worldwide. Global
Equity International Inc., through its wholly-owned subsidiary
Global Equity Partners Plc., holds significant long-term equity
positions in the companies that it represents.
Safe Harbour Statement
This press release may include forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company refers interested persons to its most
recent Annual Report on Form 10-K and its other SEC filings for a
description of additional uncertainties and factors, which may
affect forward-looking statements. The company assumes no duty to
update its forward-looking statements.