Hybrid Energy Advances $18,000,000 Acquisition: Initial Photovoltaic and Solar Thermal Patents as Development & Distribution Pre
30 June 2010 - 10:30PM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) reports today it
commenced patent protection process on the first nine Photovoltaic
(PV) and Solar Thermal technology Intellectual Properties (IP)
recently acquired as part of the Technology Transfer Agreement and
Joint Development Agreement with KS IP Holdings, LLC, a private
company specializing in clean energy technologies.
The Company believes PV and Solar Thermal Market, particularly
for residential and commercial use, is a high growth sector that
promises to become a significant and vital energy option primed for
strong sales growth of the company's holdings and technologies. The
Company will announce specific development projects as it
integrates these core technologies in the Development Process.
In addition to the Technology Transfer portion of the Agreement,
the income producing Joint Development portion of the Agreement
affords KS-IPH an option to acquire Development and Distribution
Rights to certain technologies. Now that the initial patent
technologies have been selected, the Company will shortly be in a
position to announce specific terms of this income-generating
Product Development and Distribution Agreement.
The Company has assembled experienced cross-functional teams to
guide each innovation acquisition, technological adaptation and
system integration through the required steps to successful
commercialization.
The worldwide market for Organic Photovoltaic (OPV) and
Dye-Sensitive Cell (DSC)-based photovoltaics are expected to grow
to $1 Billion with the next five years; and the Solar Thermal
market anticipates 46% annual growth rates over the next
decade.
"The Solar Energy industry will return to high growth in 2010
and also over the next 5 years. Even in the slowest growth
scenario, the global market will be 2.5 times its current size by
2014. Under the Production Led scenario, the fastest growing
forecast, annual industry revenues approach $100 billion by 2014,"
according to NPD Group which publishes The Leading Annual World
Solar PV Industry Report.
This transaction is the first in a series of anticipated
acquisitions planned as a result of the Joint Development
acquisition under its recently announced Solar Energy Acquisition
and Development Project; the first official project of the
Company's portfolio diversification strategy.
The Solar Energy Acquisition and Development Project is the
first major acquisition and development project under the Company's
New Energy Initiative, which calls for the aggressive investment
in, acquisition of and development of nascent 'New Energy'
technologies, Intellectual Property assets and operations in the
Clean Energy, Energy Smart Technologies and Carbon Capture &
Storage sectors of the Energy Sector.
The Company recently announced Phase II of its growth and
acquisition strategy; the diversification and expansion of its
current asset holdings with the launch of the 'New Energy
Initiative.' The Company has successfully established a strong and
growing asset based of clean energy producing assets with strong
recurring profits and cash-flows. The company will continue its
acquisitions in this sector and expand the scope of its
acquisitions.
The Solar Energy Acquisition and Development Project, together
with the addition of technologies to increase the Company's
production efficiencies and profitability, will increase the
Company's revenue and shareholder value.
The company is assessing the acquisition of several new assets,
operations and technologies and encourages further technology
submittals and developmental joint ventures through the Merger
& Acquisition portal at www.HybridEnergyHoldings.com
About Hybrid Energy Holdings
Hybrid Energy Holdings (HEH) acquires and operates profitable
energy companies with strong historical cash-flow and sustainable
profitability. The Company acquires sector-specific technology and
assets as part of its Phase II Clean Energy Initiative. HEH's prior
foundation building acquisitions focused primarily on traditional
and proven fuel production. The company now turns its growth
strategy to adding the latest in energy conservation and power
co-generation technologies. HEH may acquire nascent energy
technology or rights as portfolio enhancing assets. HEH's primary
business strategy is the acquisition of diverse, profitable energy
related assets that provide synergistic profits and revenue
enhancements across all portfolio companies.
HEH believes its combination of profitability and mitigated-risk
funding structures provides long-term shareholder equity
appreciation.
The company maintains its web site at:
www.HybridEnergyHoldings.com
Safe-Harbor Statement
This release contains statements or projections regarding future
performance that are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties. The company's filings contain various RISK
FACTORS (and are incorporated on the Company's website "Investors"
section by reference) and should be read before any investment
decision.
Contact: Investor Relations Tel: +1 (775) 636-7602 Fax: +1 (775)
996-7330 info@HybridEnergyHoldings.com
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