Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today its R&D team has developed a proprietary line of mounting hardware, specifically designed for installing solar panels in the Caribbean Islands. The Company said this proprietary new hardware can reduce the time to install standard solar panels by 50%. Additionally the new design is engineered to address the angle of the sun specific to the Caribbean region, an industry first. The hardware began shipping to customers in the first quarter of 2008, and all dealer feedback has been positive.
President and CEO of Electron Solar Energy Christopher Quinn, said, "We developed this new hardware to address the needs of our fast growing customer base located in the Caribbean. Residential and Commercial market sales are continually on the rise in the Caribbean Islands. Our new hardware is designed to make the installation of our solar energy kits quick, easy, and cost effective for our customers. Our customers can order from us and have their installation completed within days.
Quinn added, "By providing an end-to-end solution for solar energy, including manufacturing as many kit components as possible, we expect to not only boost our profits, but also provide value added to our customers. With time saving innovations like this new bracket system, we can outsell our competitors and build our customer base. Our business plan is to vertically integrate ourselves wherever possible in order to improve our operating margins and lower our acquisition cost. These improvements serve to ease cash flow, and fund continued rapid growth. Moreover this manufacturing process can be adapted for the products to function not just in the Caribbean, but anywhere in the world, as demand requires.
About Electron Solar Energy
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com.
For investor relations, visit http://www.otcfn.com/esrg.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the oil & gas market; including the geopolitical environment not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
