Principal Solar, Inc. (PSWW) Announces Acquisition of Talmage Solar “SunGen Step Guys” Solar Power Plant
September 08 2011 - 10:33AM
Business Wire
Principal Solar, Inc (PSI; OTC Pink: PSWW), a publicly traded
renewable energy holding company rapidly advancing the worldwide
utilization of solar power through a unique roll-up strategy, today
announced the acquisition of Talmage Solar Engineering/Solar
Market’s “SunGen Step Guys” Solar facility, a 110kW roof-mounted
facility located in Alfred, ME. Terms were not disclosed.
"The process of acquiring Talmage Solar Engineering Inc/Solar
Market’s SunGen Step Guys installation was extremely smooth and
efficient,” says Michael Gorton, chief executive officer and
chairman of PSI. “Working with such dedicated and quality solar
experts like Naoto and Kale Inoue was an inspiring experience,
further fueling our enthusiasm to partner with this caliber of
professionals.”
The SunGen Step Guys acquisition advances the business roll-up
platform of PSI and builds upon the momentum that began with the
Principal Solar acquisition of Capstone Solar news and networking
community for solar professionals.
“This is an extremely valuable transaction and new partnership
for us,” says Naoto. “Working with the Principal Solar team was
refreshing, and the entire process was seamless. We admire the PSI
vision and are confident in the Company’s ability to impact the
future of the solar energy economy. PSI is on track to establish
itself as a leader in industry, and its partners are fortunate to
share this unique opportunity.”
About Principal Solar
Principal Solar, Inc. (PSI; OTC Pink: PSWW), is a publicly
traded renewable energy holding company which concentrates its
resources on the acquisition, finance, development and
management of solar power companies to rapidly advance the
inevitable utilization of solar power. The company is
building the world’s first online library dedicated
exclusively to the field of solar energy – a 24-hour gateway to
current information, perspectives and
thought-leadership: www.definitivesolarlibrary.com. Visit
www.PrincipalSolar.com.
Cautionary Statement Regarding Forward-Looking
Statements
Statements in this release regarding future plans, expectations,
projections, events or conditions are forward-looking statements.
Actual results including business plans and results, integration
benefits and demand growth could differ materially as a result of a
variety of factors including our ability to achieve the value
creation goals of the reverse merger; promptly and effectively
integrate businesses; alter management time on integration-related
issues; make changes in longer-term solar energy prices or other
market or economic conditions affecting the solar energy industry;
control political or regulatory developments; foresee technical or
operating difficulties; predict political events or disturbances;
manage the outcome of commercial negotiations; avoid wars and acts
of terrorism or sabotage. We cannot guarantee that any of the
events anticipated by this forward-looking statement will not occur
and, if any of them do occur, we cannot control the subsequent
potential impact they might have on our operations or financial
condition. We assume no duty to update these statements in the
future. References to resources in this release include quantities
that are not yet classified, as “proved reserves” under SEC
definitions, but that we believe will ultimately be produced.
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