PMEA Solar Panels More Efficient than Others while Big Investors Bet on Solar Power
January 07 2013 - 9:00AM
Marketwired
PM&E, Inc. (PINKSHEETS:PMEA) the leading developer of
industrial and consumer solar power applications commented on the
significant advantages of its flagship products compared to the
conventional competition. The Company believes that its innovative,
patented solar panels will be producing up to 4 times more
electricity and will cost about 10 times less to manufacture, than
the comparable current flat photovoltaic panels used in existing
and new solar power generation plants, such as the recently
announced one (Telegraph, Jan3, 2012), which will be receiving a
$2.5bn (GBP 1.5bn) investment from Warren Buffett. The products of
the company geared for a variety of consumer and industrial
applications in the near future may become the next generation
global industry-standard of the solar power generation.
"We are extremely excited to see the rapid increase in investor
interest in solar power. When such a conservative and careful
investment powerhouse like Berkshire Hathaway is making their third
huge investment in solar energy in less than a year, it validates
the choice of our business strategy and sets the example, which may
be followed by many individual investors globally!" stated Jack
Merck, president of PM&E. Inc. Mr. Merck continued: "It has
been reported that MidAmerican Energy Holdings, a subsidiary of Mr
Buffett's Berkshire Hathaway investment company, has struck a deal
with SunPower to acquire and build two projects in California's
Antelope Valley, valued whapping $2.5Bn. Even though it's a great
sign for our industry, it appears that Buffet's company at this
stage may still use less efficient flat panels that generate at
least 4 times less energy per hour when compared to the proprietary
system under development by our Company. With that in mind we will
make our best effort to make our technology market-ready in the
shortest possible time, offering multiple potential customers the
reliability of conventional flat photovoltaic panels with the great
efficiency of our patented concentrated system. Utilizing our
application on this scale, company like MidAmerican may increase
their productivity by at least 400%, and at the same time may
significantly save on their development and manufacturing costs
because our system is projected to be 10-12 times cheaper than flat
panel applications used by MidAmerican and other industry analogs.
The strategy of our Company is to complete the testing of our
prototypes, prepare both the consumer and the industrial versions
of our solar panels for production and commence work with the
manufacturers and distributors world-wide developing licensing,
territorial distribution and other related deals. With investors
like Warren Buffet who is known for his strategic vision, making
huge forays into solar energy generation, it is likely that the
customer base for our technology may exponentially grow in the
nearest future providing us a firm foundation for significant
revenue-generation on a world-wide scale," 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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