higher output panels

Solargy Systems Inc. developing high output solar panels

By: PR Newswire
Sep. 28, 2009 08:00 AM


FT. LAUDERDALE, FL, Sept. 28 /PRNewswire-FirstCall/ - Solargy Systems Inc. "SLGS-PK". Solargy Systems Inc has indicated it is developing high output solar panels of 500 watts and possibly as high as 1000 watts at the same cost of standard 200 or 300 watt panels. The new panels will be used in the firms existing solar farm power projects.

C M Nurse, CEO noted, "In the last few years there has been significant developments of solar panel technology, which individually has the potential to double existing panel output. Developments have been made in holographic film, hybrid panels and manufacturing efficiencies. Solargy has tasked its research team to review the state of panel technology and develop a model to integrate readily available technologies into a manufacturing process to develop solar panels to produce a minimum of 500 watts and optimally to get a 1000 watts per panel for ground mounted applications. The technology already exists. We simply have to aggregate it into a product and produce the panels, which we plan to do in our manufacturing plant, scheduled to be online for the third quarter of 2010."

"The net effect of high output solar panels of 500 to 1000 watts for each panel will be to reduce the area required for any solar panel installation by at least 50 %, thereby reducing the land cost and enabling faster return on investment."

Solargy Systems Inc, is a systems integrator of alternative energy technologies. Solargy Systems Inc already has power purchase agreements (PPA) totalling 30 MW and expects to secure additional PPAs in the months ahead. The technologies we use will provide solutions to the high cost of energy in emerging markets by selling and installing small power systems ranging from 1 MW for large commercial applications to 20 MW and larger hybrid systems by using combinations of solar and wind or waste and solar. The combinations we use will be determined by local conditions.

This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although Solargy Systems Inc believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will materialize. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.

SOURCE Solargy Systems Inc.