Solar Park Initiatives, Inc. Adds New Director, New Office, and New Technology Sales Program
December 06 2010 - 7:00AM
Marketwired
Solar Park Initiatives, Inc. (OTCBB: SOPV), a Florida-based solar
energy company dedicated to utility and commercial solar park
developments in North America, is expanding its business model to
include different renewable technologies for commercial solar
projects and is adding a strategic office in the Research Triangle
Park of North Carolina for its new renewable technology sales
program.
On December 3, 2010 the Board of Directors appointed David
Surette, Solar Park Initiatives CEO, to the Board. In his first
action as a Director, Mr. Surette outlined a new Renewable
Technology Program to the Board for Commercial Renewable Projects
specifically for North Carolina and Tennessee Valley Authority
(TVA) territories. To initiate this Renewable Technology Program,
Solar Park Initiatives will add a sales office location in Research
Triangle Park (RTP), NC. This RTP office will be located in the
middle of Raleigh, Durham, and Chapel Hill. The technology will
include concentrated photovoltaic, bio-mass, wind and
micro-inverter technologies for higher production.
Mr. Surette, CEO and Director, goes on to state, "We are very
excited about increasing our scope for these technology projects
into the Carolinas and the TVA territories. These high energy using
areas also have significant incentives which provide excellent
opportunities and are very beneficial for commercial and utility
solar systems. By using the correct technologies for renewable
energy projects it will provide the most benefit to commercial
users in those territories.
"As the push from Federal and State governments for more clean
energy increases, we will be ready to move forward to seize the
opportunities as they become more numerous. We are excited about
the projects that we are currently working on, especially in
California and Ontario, and will continue to work towards growing
our pipeline of solar park projects."
Solar Park Initiatives, Inc. Business
Strategy
Solar Park Initiatives intends to develop land for large utility
scale solar photovoltaic ("PV") projects. The Company will provide
engineering, procurement of products and construction ("EPC") via
third party suppliers including its sister company Solar Energy
Initiatives, Inc. SOPV will attempt to sell the resultant
electrical production to various utilities and large commercial
entities through a Power Purchase Agreement ("PPA"). The Company
expects to provide energy savings to commercial and municipality
users without any out of pocket engineering, procurement or
construction ("EPC") costs to those users of energy.
Forward-Looking Statements
This press release contains forward-looking statements that
reflect current expectation regarding future events. Actual events
could differ materially and substantially from those projected
herein and depend on a number of factors. Certain statements in
this release, and other written or oral statements made are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors, which are, in some cases,
beyond the control of the companies and which could, and likely
will, materially affect actual results, levels of activity,
performance or achievements. The companies assume no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future. Important factors that could cause actual results to differ
materially from the companies' expectations include, but are not
limited to, those factors that are disclosed under the heading
"Risk Factors" and elsewhere in documents filed by the companies
from time to time with the United States Securities and Exchange
Commission and other regulatory authorities.
Contact Information: David J. Surette CEO 904-644-6090
www.solarparkinitiatives.com Investor Relations: Jeff Wagner Email
Contact 970-412-9408
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