Vancouver, BC, April 16, 2014 - CDN MSolar Corp (CSE:CMS) is one of the latest new listings on the Canadian Securities Exchange, formerly known as the Canadian National Stock Exchange, and is trading under the symbol "CMS". The company is the exclusive worldwide marketing and business development partner with Dongying Minghui New Energy Science and Technology Company, its largest shareholder.
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China-based Minghui is located in the national economic and technology development zone in the city of Dongying. Minghui has developed and manufactures integrated energy saving technology systems , which combine the company's flat-panel solar collector, multi-source heart pump, and deep geothermal pump systems.
The company's solar PV plates and modules, supplied by Minghui, are used in combination with standards heat pump systems, which integrate existing electricity, heating and cooling systems found within a building. These systems are designed for both residential and commercial buildings. CDN MSolar has an irrevocable license from Minghui, which covers everywhere with the exception of China.
Although the company is at a start up stage in Canada, its products are fully developed, installed, and in use in China, in homes apartments, and the Five Star, 246 room (picture) Luxury Blue Horizon Dongying Hotel. The company's systems and equipment supply all electricity and heat to this newly opened 800,000 square foot hotel.
Development in Canada consists of having the products certified for sale in Canada by the various regulatory organizations. Concurrent with its listing, the company issued approximately 1.7 million shares at $0.15, raising $250,000. The company plans to open a manufacturing facility once more funds have been raised and the necessary permits obtained.
The shares are currently trading at $0.12, and with 21.9 million shares outstanding, the company is capitalized at $2.6 million. For more information, please visit the company's website, www.cdn-msolar.com (http://www.cdn-msolar.com) or contact Sunny Yu at 604-638-3291 or email sunnyyu@cdn-msolar.com (mailto:sunnyyu@cdn-msolar.com).
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