SNM Global Accelerates Hydrokinetic Energy Projects: Hydrokinetic Energy Is 50-100 Times More Cost-Efficient Than Wind or Solar
17 September 2010 - 12:50AM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) announced it has accelerated
the development cycle and will be adding a number additional
product solutions and development projects in all five (5) of the
Hydrokinetic Energy types: Wave energy, Tidal stream, Tidal
barrage, Ocean current and River hydrokinetic.
Hydrokinetic energy generated from the ocean and rivers may grow
by 22 gigawatts in the next five years, according to the
Hydrokinetic and Ocean Energy Report from Pike Research.
The report projects that in the European Union alone, it's
estimated that up to 10,000 megawatts in capacity could come to
market by 2020, with the amount to grow to 200,000 MW by 2050. In
the U.S., by 2025 it is feasible to add 23,000 MW in hydropower
resources, with the bulk coming in the oceans and tidal
streams.
The report further suggests that ocean hydrokinetic energy is
50 to 100 times more cost-efficient than wind or
solar. Also, a number of hydrokinetic energy solutions are
particularly adaptable as solutions for emerging markets.
The Company recently announced the launch of first seven (7) of
the Small & Micro Hydro Technology Development Projects
resulting from its recent technology acquisitions from EQ-ip, a
private technology and licensing holding company; and expects
further announcements regarding additional technologies to be
developed for preparation of commercialization and international
distribution.
The Small Hydro Development Projects represent important
technologies to assist emerging economies to leapfrog into
sustainable and independent energy-production.
Access to electricity is one of the keys to development, as it
provides light, heat and power for productive uses and
communication. Today 1.7 billion people in developing countries do
not have access to electricity, most of them living in rural
areas.
Based on internal market projections and asset appreciation over
the market cycle, the Company values the technology acquisition at
$12,500,000, to be purchased through by the issuance of Preferred
Stock. Redemption of the Preferred Stock is contemplated to contain
several performance based terms relating to sales and market
penetration, thus protecting shareholders and insuring equity
appreciation.
The Company's acquired technologies and development projects
will be integrated into the Company's MicroTechnology Transfer
(mt2) Program and MicroEquity Partner Program; and will be
introduced into SNM Global's distribution network for emerging
market insertion and introduction.
SNM Global's MicroTechnology Transfer (mt2) Program and
MicroEquity Partner Program enable the acquisition, development,
and transfer of technologies that will provide for the betterment
of society and provide the catalyst for emerging markets to
leapfrog into the sustainable sectors that will drive the
twenty-first century.
The Company encourages collaboration with public, private and
institutional partners in all phases of the development and
technology transfer cycle; and accepts submissions from both
collaborative development, distribution and inventor partners
through the Collaboration Portal on its new website at
www.SNMNglobal.com.
About SNM Global Holdings SNM Global Holdings (SNM Global) is a
technology holding and development company that invests in,
acquires, and develops Intellectual Property Assets and Operations
in the Clean/Alternative Energy, Biotech, Water and Better Health
& Living sectors adapted specifically for the emerging global
markets.
The Company realizes revenues from the distribution of its
technology, products, and solutions through its network of
international agents and distributors and through the licensing of
Intellectual Property through its innovative mt2 Program. The
Company provides its International MicroEquity Partner program to
our local partners in our target international markets. This
program provides initial funding to a community building and
life-enhancing organization. The Company sees profits through
equity ownership and sales and distribution of its technology and
solutions.
The company operates through its subsidiaries and various
distribution partners worldwide.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from the statements made herein.
CONTACT: SNM Global Holdings 100 Pall Mall Saint James
London SW1Y 5NQ United Kingdom Tel Number: (44) 020 7096 0200
Investor Relations: 1-(321)-251-6082 info@snmnglobal.com
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