PM & E News release
November 08 2012 - 6:53PM
OTC Markets
PM & E, Inc. announced
today that it’s wholly owned subsidiary, Suncetix Inc. which
engaged in Research & Development and production of
Concentrated Modular Photovoltaic Applications of high efficiency
and low cost has further developed new PV cells which are
much more efficient than cells currently available on the market.
Such new efficiency is achieved by adding new active layers to
already existing cell. Preliminary tests showed that after addition
of these new layers the efficiency of the solar cell increased by 2
- 2.8 times, with significantly small increases in cost. In lab
tests solar cell efficiency went from 12% to nearly 25% after the
additional layers were added. CEO Mr. Jack Merck
said:” The Company is very excited to see preliminary lab results,
future development of this technology may significantly reduce the
costs required to increase efficiency of solar cells.
Implementation of these modified cells in MPVS may decrease
dramatically $/Kwh even in comparison to results already obtained
by our system which has an average cost of 2c or less per
Kwh
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. The Private Securities Litigation
Reform Act of 1995 (PSLRA) implemented several significant
substantive changes affecting certain cases brought under the
federal securities laws, including changes related to pleading,
discovery, liability, class representation and awards fees as of
1995. Those statements include statements regarding the intent,
belief or current expectations of JBI, and members of its
management as well as the assumptions on which such statements are
based, including the expected timing of the Company’s Form 10-K,
execution of the proposed agreements described above and
consummation of the transactions contemplated by such agreements.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking
statements. Such risks include, but are not limited to: (1) JBI has
a history of net losses, and may not be profitable in the future;
(2) JBI may not be able to obtain necessary licenses, rights and
permits required to develop or operate our Plastic2Oil business,
and may encounter environmental or occupational, safety and health
conditions or requirements that would adversely affect its
business; and (3) JBI may experience delays in the commercial
operations of its Plastic2Oil machines and there is no assurance
that they can be operated profitably. For a more detailed
discussion of such risks and other factors, see the Company's
amended Annual Report on Form 10-K, filed on December 15, 2010,
with the Securities and Exchange Commission, and its other SEC
filings. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results.
Contact
Info
Website: http://www.suncetix.com/
Phone:
647-761-3413
Email: info@suncetix.com
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