Energy 1 Corp. Outlines Growth Strategy for the Next 12 Months
September 14 2010 - 6:30AM
Marketwired
Energy 1 Corp. (PINKSHEETS: EGOC) (FRANKFURT: D8i) today released
its strategy for growth over the next 12 months.
Management:
In the second quarter of the current year the Company underwent
a change in control and introduced a new President (Dean Steiger)
and Chairman (Raymond T. Brown II) to lead the Company. Since
taking the helm, their collective goal is to focus on the
successful development and focus on emission reduction devices and
fuel economy saving technologies. In the widest panoramic view they
are also keeping open channels for new opportunities in the new
economy of reducing the need for fossil fuels within the
transportation industry.
Product Development and Production Supply:
Dean Steiger President of Energy 1 is currently meeting and
evaluating a short list of prospective manufacturing companies for
the ExhausTek and IonTek emission and fuel economy technologies
that the Company current holds under license. The goal over the
next 90 days is to finalize and sign a definitive agreement with
the winning manufacture partner. The winning firm will be one that
meets the strict requirements of both design excellence and have
the ability to ramp up manufacturing production in a scaleable
sales environment as we ramp up distribution.
Market:
In the short-term (next 9 months): there are two main target
markets. The first is the Inter State trucking industry and the
second is the large off road and infrastructure construction
operations. Management believes that these two markets offer the
Company the quickest and most widely followed markets for new
emission and fuel economy technologies with the tightening of the
emission standards set by the EPA.
In the mid-term (6 to 12 months out): the company has identified
the light-truck market as a potentially huge and undeveloped
opportunity which management believes may be up to 10 times larger
than the heavy Inter State trucking industry.
Sales and Distribution:
Energy 1 Corporation has targeted several regional distribution
networks which will be announced once the agreements have been
formalized. It is anticipated that the sales agreements will have a
5 year term with performance clauses as well as the right to
develop an exclusive territory, this would be for both North
American as well as global markets.
About Energy 1 Corp:
Energy 1 Corporation is a US based Energy Research and
Development Corporation, specializing in the development of energy
and emission solutions for the post carbon economy for the
transportation, institutional and multi-unit residential
industries.
For more information about EGOC visit: www.energy1corp.com
Forward-looking Statement: Please be advised that statements
made herein, other than historical data, constitute forward-looking
statements that involve risks and uncertainties that could cause
actual results to differ materially from those stated or implied by
such forward-looking statements. The potential risks and
uncertainties include, among others, potential volatility in the
company's stock price, increased competition, customer acceptance
of new products and services to be offered by the company, and
uncertainty of future revenue and profitability and fluctuations in
its quarterly operating efforts.
For more info. contact: Dean Steiger info@energy1corp.com +1
(248) 351-1745
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