Enters Alternative Energy Technology Sharing & Project Development Agreement With Solargy Systems, Inc.
DEERFIELD BEACH, FL and NAPOLEONVILLE, LA--(MARKET WIRE)--Feb 17, 2009 -- Red Reef Laboratories International, Inc. (Other OTC:RRLB.PK - News) has announced it has entered into a technology sharing and power development project agreement with Solargy Systems, Inc, (www.solargysystemsinc.com) of Fort Lauderdale, Florida. The Photovoltaic (PV) industry generated $17.2 billion in global revenues in 2007.
In an agreement signed this day, Solargy and Red Reef plan a 10 MW (min) hybrid renewable energy installation to be built on Red Reef's 84 acre Napoleonville (formerly the Supreme Sugar Plantation) property in Louisiana.
Dr. Claus Wagner-Bartak stated that Red Reef's agreements with Abalam (www.abalam.com) of Vancouver, Canada will give the JV a considerable advantage in this burgeoning industry.
1) Red Reef has licensed Abalam's Proprietary Full Spectrum Solar Technology for non-military applications and will co-develop the Low Light Source Solar Technology with Abalam and Solargy for commercial and residential applications. The technology replaces the use of glass with almost any material and allows for existing surfaces such as metal roofs and even stucco siding to be converted to energy producing solar panels. The technology has been uniquely designed for relatively small mechanical or robotic devices and research is underway to increase the output amperage sufficient for commercial or residential applications. The companies expect to be able to scale the technology up to large scale applications in about 18 months.
2) Red Reef/Solargy and Abalam have entered into agreements to develop Red Reef designs for super efficient wind turbines which operate in low wind speed conditions, (less than the industry-required minimum of 4 m/sec/or 12mph). This newly conceived applied technology will enable wind turbines to perform optimally in low wind conditions (less than 4 m/sec), perhaps where wind power has been considered impractical until now. The companies believe the technology to produce a super-efficient wind turbine will be commercially available in less than two years.
Solar Assisted Reciprocating Weight System: Red Reef has commissioned Abalam Corporation to design a unique high efficiency four bladed wind turbine system that uses a computer controlled, solar and gravity enhanced reciprocating counter balanced wind turbine blade design. The outer shell of the wind turbine will be treated with Abalam's unique liquid solar skin, designed for military micro robotics, to independently generate all of the power to operate the control and mechanical systems that will enhance the turbine blades' efficiency. The unique programmable weight distribution mechanics will allow far higher electrical generation under normal operating conditions and increase the wind turbine range of wind load where it can generate electricity. The entire tower and blade will be treated with a broad spectrum, low light solar skin that will also generate surplus energy from any high or low light source making the entire installation a giant solar cell. This will be the first of a series of wind turbines designed to be completely independent and be self generating in all respects.
Solargy and Red Reef will have a competitive edge as developers and Independent Power Producers (IPP) using these new efficient wind turbines. The companies intend to license their patented windmill technology to turbine manufacturers.
About Red Reef Laboratories International, Inc.:
Red Reef Laboratories International, Inc. is a diversified scientific research, development, and marketing group established to assemble, develop, commercialize and bring to market a variety of products. The first series of products combine advanced surfactant technology and increasingly "green" compounds to create specialized formulas for the disinfection and decontamination of equipment and surfaces. A second series of products has been developed which are specially formulated nutritional items for the health and wellness industry. The company has recently stressed the importance of broader diversification. For more information, please visit the Company's web site at www.redreef.biz. You are also invited to visit Solargy Systems, Inc and Abalam Corp. at: www.solargysystemsinc.com and: www.abalam.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include, but are not limited to, the risk factors noted in the Company's filings with the United States Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products, services and enhancements by competitors; the competitive nature of the markets for the Company's products and services; the Company's ability to gain market acceptance for its products and services; the Company's ability to fund its operational growth; the Company's ability to attract and retain skilled personnel; the Company's ability to diversify its revenue streams and customer concentrations; and the Company's reliance on third-party suppliers.
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