Viper Networks Signs Pilot Project With Sri Lanka Ministry for LED Street Lights and Indoor Lighting
October 03 2012 - 8:15AM
Viper Networks, Inc. (Pink Sheets:VPER), is pleased to announce
that the Company has entered into an agreement with Sri Lanka's
Ministry of Fisheries and Aquatic Resources to commence a
short-term pilot program by installing about 100 LED indoor lights
and approximately one dozen street lights near the Ministry's
administration building as a small size, short trial test period.
The estimated 30 to 90 day pilot program has been agreed to as
an initial requirement to confirm Viper Networks (and Apollo Metro
Solutions) LED lighting electricity savings and ease of
installation capabilities as it relates to potentially replacing
all of Sri Lanka's eighteen (18) existing harbors and eleven (11)
new harbors under construction with approximately 150 to 200 indoor
lights and street lights for each location.
The largest of these new harbors being built is slated to open
next month during November 2012, which along with all of the
country's harbors, is under the supervision of Sri Lanka's Ministry
of Fisheries and Aquatic Resources.
Shareholders and potential investors should note that this news
release announcing the pilot project with one of Sri Lanka's
Ministries is expected to be only the first of several separate
agreements with different ministries in the country.
In addition to successfully concluding the pilot project
agreement in person in Sri Lanka, the CEO of Viper Networks has
also met with other key ministers and officials this week,
including the Mayor of the Capital city of Colombo and the Ministry
of Electricity; where talks were centered on Viper Networks and
Apollo Metro's solicitation to provide LED street lights and other
advanced lighting technologies for Sri Lanka's roads and
highways.
The result of this meeting was immediate, as Sri Lanka officials
have requested a detailed plan and proposal for the Company to
provide various LED lighting solutions for three major cities in
Sri Lanka, including Colombo, which is the largest city and
metropolitan area with a population of approximately 1.5 million
people (per the 2012 census).
And finally, Viper CEO Farid Shouekani is meeting with Sri
Lanka's Ministry of Water Management since they have expressed a
strong desire for an automatic meter reading system similar to the
system Viper and Apollo are working on in the United States. In
fact, the Water Management minister is scheduled to visit the U.S
on October 16th for an official review of the live working system
prior to signing an agreement.
The management of Viper Networks would like to extend their
appreciation for everyone's patience and strongly encourage all
shareholders to continue to follow corporate developments closely.
The Company anticipates announcing further details on each aspect
noted in today's news release and forthcoming updates regarding
other positive developments in India and the USA.
Sri Lanka is a sizable island country covering over 25,000
square miles, which is located off the southern coast of India. Sri
Lanka has one of the fasting growing economies in the world and an
expanding population currently estimated at 20.3 million (2012
census). With a strategic location in the path of major sea routes,
Sri Lanka has been known as 'The Pearl of the Indian Ocean.'
All LED product specifications and options and LED Lighting
Systems and Intelligent Lighting Solutions are featured at
www.ApolloMetro.com, which also provides PDF documents of product
dimensions and sample configurations for downloading or
printing.
Although Viper Networks is a smaller minority owner (with 12.5%)
of Apollo Metro Solutions, the Company has contractual rights to
acquire 49%. Viper Networks will be focusing on major new orders in
Southeast Asia, which will be manufactured and distributed from
Apollo Metro Solutions' new headquarters in Naples, Florida.
The Viper Networks logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12434
Notice Regarding Forward-Looking
Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, the development of new business opportunities,
zero operational impact and projected costs, future operations,
revenue, profits, gross margins and results of operations. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others, the inherent uncertainties associated with new projects and
development stage companies. These forward-looking statements are
made as of the date of this news release, and we assume no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although we believe that any
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that any such
beliefs, plans, expectations or intentions will prove to be
accurate.
CONTACT: Investor Relations:
Heritage First Capital (Orlando)
Scott Gibson, 1.407.444.5959
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