PM&E Inc. Announces Impressive Test Results
January 03 2013 - 9:45AM
Marketwired
PM&E, Inc. (PINKSHEETS:PMEA) the leading developer of
industrial and consumer solar power applications announced today
the promising results of the pre-production testing of its updated
product prototype. The company is reporting significant design
improvements and reduction of the production cost, which may be
instrumental in preparation and launch of the production and sales
of its products to wholesale customers and consumers
world-wide.
Today during the board meeting, Technical Advisor Thomas
Hamilton presented CEO Mr. Jack Merck with results from simulations
on MPVS GEN-4v1.0.3, started in the beginning of September and
completed in mid-December of 2012. Simulations were based on
randomized weather patterns incorporating optical properties of the
lenses forming a part of optical tracking application, which may
make the application universally adaptable. The updated GEN-4
version of the Company's product used optical (non-mechanical) 3D
passive tracking system in order to catch as many sun rays as
possible with no mechanics involved. Simulations showed very
promising results, which could compete with previously tested GEN-3
version of the application at this stage, whereby GEN-3 used
mechanical tracking system.
This is great news for our application, CEO Jack Merck noted, it
allows us to continue developing non-mechanical tracking approaches
and given recent improvements in cell efficiencies we may expect
that optical approach will become the choice for our system upon
release to the market in the future. With current GEN 4 version of
the system it is projected that industry-scale solar energy
production cost will be at about 2.4c per kwH, which is a bit
higher than our previous GEN 3 system, but the simplicity of GEN 4
system and unit production cost savings could be well worth it,
putting our product at a significant advantage with the competition
ahead of the anticipated production launch," concluded Jack
Merck.
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 PM&E,
Inc. and members of its management as well as the assumptions on
which such statements are based. 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. 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.
Contacts: PM&E, Inc. Thomas Hamilton Secretary/CTO
647-761-3413support@suncetix.com
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