Hybrid Energy Anticipates Increased Revenues and Asset Valuation: Obama Calls for $5B in Clean Energy Tax Credits
13 July 2010 - 10:30PM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) announced today it
has revised upwards the revenue projections and the market value of
its core asset holdings based on Presidents Obama's call last
Friday for Congress to expand a clean energy tax. Obama told an
audience at the University of Nevada that a $5 billion increase in
clean energy manufacturing could generate nearly 40,000 jobs.
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; which will all benefit
from the $5 billion clean energy tax.
Hybrid Energy 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 Company recently announced 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 Company's foundation-building Phase I strategic plan called
for traditional and proven fuel production acquisitions to
establish revenues and assets. Building on its success, the Company
launched Phase II of its growth strategy and began its transition
to alternative and renewable energy and technology revenue
models.
The Company successfully established a strong and growing asset
based of clean energy producing assets with strong recurring
profits and cash-flows. The company 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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