Hybrid Energy Signs 5 Year Distribution and Co-Development Agreement Adding Projected $25,000,000 Income
07 July 2010 - 10:30PM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) reports today the
signing of formal Development and Distribution Agreement wherein KS
IP Holdings, LLC (KS-IPH) acquired exclusive development and
distribution rights for specific consumer applications of the
Photovoltaic (PV) and Solar Thermal technology Intellectual
Properties (IP) previously acquired by HYBE.
The five year agreement calls for the payment to the Company of
a minimum of $25 million over the first five year term, in a
combination of fees and royalties. The parties will be announcing
the first group of these product development projects upon
completion of the patent protection and market analysis. Failure to
meet royalty payment minimums or sales targets provide HYBE with
termination options and license revocation terms.
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
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 Development and Distribution Agreement represents the first
of a series of income producing Joint Development Agreements
flowing from the company's new technology acquisitions and
operations. These acquisitions were part of the Company's
foundation building Phase I of the Company's strategic plan that
called for traditional and proven fuel production acquisitions to
build the Company's revenue and asset base. Based on the strength
of its asset base and growing revenue stream, the Company recently
launched Phase II of its growth strategy and began its transition
to alternative and renewable energy and technology revenue
models.
The company's New Energy Initiative calls for the aggressive
investment in, and acquisition 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 has successfully established a strong and growing
asset based of clean energy producing assets with strong recurring
profits and cash-flows. The company has recently announced
important clean and renewable energy assets as part of its
transition to a sustainable and renewable energy revenue model. 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 has transitioned its growth strategy to
adding the latest in energy conservation, reclamation, 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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