FORT WALTON BEACH, Fla., June 17, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT - News) released a statement today introducing its cutting-edge wind and solar technologies. Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. (Source: http://www.globenewswire.com/newsroom/ctr?d=194483&l=1&a=www.abcnews.com&u=http%3A%2F%2Fwww.abcnews.com).
Wind and solar are fast becoming the leading sources of renewable energy. Kalahari Greentech designs, produces and provides wind turbines, solar collectors and other sustainable energy technologies. Kalahari's Solar Collector is a three-part "tri-brid" system that increases the efficiency of solar collection in one cost-effective unit.
Kalahari's Wind Generator concentrates wind energy in a manner such that it can generate electric power at speeds usually too slow for conventional wind generators to produce any meaningful energy, or to even operate. It can also be modified to operate in water, and is safe for birds and wildlife.
According to the U.S. Department of Energy's news release dated March 25, 2009, entitled, "Solar Energy Grew at a Record Pace in 2008," solar energy deployment increased at a record pace in the United States and throughout the world in 2008. On March 19, 2009 the Solar Energy Industries Association (SEIA) released its "2008 U.S. Solar Industry Year in Review," which found that U.S. solar energy capacity increased by 17% the past year, reaching the equivalent of 8,775 megawatts (MW). The SEIA report also notes that the United States installed 342 MW of solar photovoltaic (PV) electric power, 139 thermal megawatts (MWTh) of solar water heating, 762 MWTh of pool heating, and 21 MWTh of solar space heating and cooling in 2008. (Source: http://www.energy.gov/).
According to the American Wind Energy Association, the U.S. Department of Energy announced a goal of obtaining 6% of U.S. electricity from wind by 2020. From 1990 -- 2002, wind has been the fastest-growing power source worldwide on a percentage basis, with an annual average growth rate exceeding 30%. An average U.S. household uses about 10,655 kilowatt-hours of electricity each year. One megawatt of wind energy can generate 2.4 to more than 3 million kilowatt-hours per year. At the end of 2009, the installed capacity of wind power in the United States was just over 35,000 megawatts. Texas, with 9,410 MW of capacity, has the most installed wind power capacity of any U.S. state, followed by Iowa with 3,053 MW. (Source: http://www.awea.org/).
More information can be found on the company's website, http://www.kalaharigt.com/.
About Kalahari Greentech, Inc.: Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
Forward Looking Statements: This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
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