BOCA RATON, Fla.--(BUSINESS WIRE)--Juniper Group (JUNP:OB) announced today that management personnel from its wholly-owned telecommunications subsidiary have successfully completed a client-required orientation program in the Mid-Atlantic market, where new project work is expected to begin after the holiday weekend.
Vlado P. Hreljanovic, President and CEO said, “We are looking forward to working with this prestigious client, whose fiber optic network currently passed over 15 million premises, and who services nearly 93 million customers nationwide. It is very exciting to be involved in the development of new products, services and applications for next generation technologies. We strive to consistently keep our managers and technical crews abreast of the learning curve for cutting edge advanced communications data and industry growth.”
Safe Harbor
This press release may contain 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. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, statements regarding client orientation and beginning new project work. All forward-looking statements in this press release are made as of the date of this press release, and Juniper assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk that the work may not commence after the holiday weekend and our growth will not continue as anticipated and the factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Wednesday, June 30, 2010
Monday, June 28, 2010
Proper Power & Energy Announces First Data Analysis From Seismics
TAMPA, Fla., June 28 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) announced today the Company released the first data analysis report of its Central Utah prospect as compiled by Thrust Resources geophysicist Robert Dunbar. The Company retained Thrust Resources' compiled Radiometrics Plus survey when it purchased its lease in the Rush Valley in late 2007. This past summer, the Company purchased independent, reprocessed seismic data on the same fields to compare those readings with the Radiometrics Plus. Radiometrics measures radioactive hydrocarbons as they migrate upward through the Earth's underground. Seismic data is based on traditional geological measurement of sound waves through the Earth's crust.
Based on his initial review of the seismic, Mr. Dunbar believes that the previous reserve projections may have been severely understated. "In comparing the Rush Valley Prospect to Covenent Field, a thicker Mississippian shale source bed should be present, since the Mississippian shale thickens westward from approximately 1000 feet at Covenent to 7000 feet in Central Nevada. Vertical migration of hydrocarbon from the Mississippian is believed to be the reason for the Navaho accumulation at Covenent. Also the Navaho section at Rush Valley should be thicker and is expected to be approximately 1500 feet. Therefore, the 10 to 15 million barrels of oil reserve per well on 80 acre spacing at Covenent may be quite conservative when applied to Rush Valley," stated Robert Dunbar. "Depths may be roughly calculated by applying a factor or 7 times the seismic time in milliseconds. Example – one second or a time of 1000 milliseconds times 7 equals 7000 feet."
The "Covenant Field" prospect that Mr. Dunbar points to in his comparison refers to the Central Utah prospect developed by Wolverine Oil commencing in 2006. That prospect is producing an estimated 12,000 barrels of crude daily in Sevier County, Utah. The Company plans to release follow-ups to Mr. Dunbar's analysis of the seismic data, and has already released independent seismic reports and recent testimonials from independent sources concerning Thrust Resources' success rate in accurately predicting reserves, or just as importantly, the lack of reserves on prospects throughout the contiguous geographic area.
"We are happy to report that after weighing in with this new seismic data, our Utah holdings may have been understated and our reserves could be substantially greater than anticipated," stated Proper Power & Energy President, Joseph E. Abdo, commenting on the seismic report.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Based on his initial review of the seismic, Mr. Dunbar believes that the previous reserve projections may have been severely understated. "In comparing the Rush Valley Prospect to Covenent Field, a thicker Mississippian shale source bed should be present, since the Mississippian shale thickens westward from approximately 1000 feet at Covenent to 7000 feet in Central Nevada. Vertical migration of hydrocarbon from the Mississippian is believed to be the reason for the Navaho accumulation at Covenent. Also the Navaho section at Rush Valley should be thicker and is expected to be approximately 1500 feet. Therefore, the 10 to 15 million barrels of oil reserve per well on 80 acre spacing at Covenent may be quite conservative when applied to Rush Valley," stated Robert Dunbar. "Depths may be roughly calculated by applying a factor or 7 times the seismic time in milliseconds. Example – one second or a time of 1000 milliseconds times 7 equals 7000 feet."
The "Covenant Field" prospect that Mr. Dunbar points to in his comparison refers to the Central Utah prospect developed by Wolverine Oil commencing in 2006. That prospect is producing an estimated 12,000 barrels of crude daily in Sevier County, Utah. The Company plans to release follow-ups to Mr. Dunbar's analysis of the seismic data, and has already released independent seismic reports and recent testimonials from independent sources concerning Thrust Resources' success rate in accurately predicting reserves, or just as importantly, the lack of reserves on prospects throughout the contiguous geographic area.
"We are happy to report that after weighing in with this new seismic data, our Utah holdings may have been understated and our reserves could be substantially greater than anticipated," stated Proper Power & Energy President, Joseph E. Abdo, commenting on the seismic report.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Proper Power Receives Additional Endorsements on Thrust Resources
TAMPA, Fla., June 25 /PRNewswire-FirstCall/ -- Proper Power & Energy, Inc. (OTC Bulletin Board:PPWE.ob - News) announced today receipt of additional letters of support for the RadioMetrics Plus (RMP) survey tool. The Company has based its petroleum reserve projections of its leased mineral rights on the RMP method and subsequent historic seismic data readings.
In a written statement from Red Fork Production, LLC of San Antonio, Texas, the statement reads, "I have known of Don Metcalfe and Robert Dunbar for almost 20 years.
"Who says the Wild-Catter is dead? A small company, with eight employees, out of Grand Rapids, Michigan, has just discovered a field in Central Utah, with over one billion barrels of recoverable oil. The company, Wolverine Oil and Gas, now sits atop a gigantic oil field, one of the largest in the Continental United States ... I will never forget that. But Mr. Dunbar and Mr. Metcalfe have many times in their careers been at the center of historic discoveries and their humble attitude and tireless persistence is an inspiration to all of us.
"On a smaller scale, Mr. Dunbar and Mr. Metcalfe have performed RadioMetrics Plus Surveys for our Company, as well. From 2005 – 2010, we have utilized RadioMetrics Plus technology in our operations in Texas and Oklahoma, and the effective rate has been measurably higher than the industry average. We have taken the raw numbers and derived excellent drill targets, and we have used the same technologies to eliminate areas of low/no potential."
"Clearly this statement represents more objective support for the RadioMetrics Plus data survey tool for hydrocarbons release," stated Proper Power & Energy President, Joseph Abdo. "Additionally, this case study continues to suggest that Thrust is the best outfit to conduct exploration in the state of Utah given their verifiable extensive activity and experience there," concluded Abdo.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
In a written statement from Red Fork Production, LLC of San Antonio, Texas, the statement reads, "I have known of Don Metcalfe and Robert Dunbar for almost 20 years.
"Who says the Wild-Catter is dead? A small company, with eight employees, out of Grand Rapids, Michigan, has just discovered a field in Central Utah, with over one billion barrels of recoverable oil. The company, Wolverine Oil and Gas, now sits atop a gigantic oil field, one of the largest in the Continental United States ... I will never forget that. But Mr. Dunbar and Mr. Metcalfe have many times in their careers been at the center of historic discoveries and their humble attitude and tireless persistence is an inspiration to all of us.
"On a smaller scale, Mr. Dunbar and Mr. Metcalfe have performed RadioMetrics Plus Surveys for our Company, as well. From 2005 – 2010, we have utilized RadioMetrics Plus technology in our operations in Texas and Oklahoma, and the effective rate has been measurably higher than the industry average. We have taken the raw numbers and derived excellent drill targets, and we have used the same technologies to eliminate areas of low/no potential."
"Clearly this statement represents more objective support for the RadioMetrics Plus data survey tool for hydrocarbons release," stated Proper Power & Energy President, Joseph Abdo. "Additionally, this case study continues to suggest that Thrust is the best outfit to conduct exploration in the state of Utah given their verifiable extensive activity and experience there," concluded Abdo.
About Proper Power & Energy:
Proper Power & Energy was formed in 2006 as an exploration and production company for oil and gas. The organization is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
Safe Harbor Statement:
Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Thursday, June 24, 2010
Mammoth Energy Group Announces It Is in Final Discussions
Press Release Source: Mammoth Energy Group, Inc. On Tuesday May 18, 2010, 8:30 am EDT
NEW YORK, NY--(Marketwire - 05/18/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it is in final discussions with Salt Gold Inter Chile Limitada, of Chile, regarding its Lithium concessions.
Salt Gold Inter Chile Limitada currently operates in the North West region of the country located in the heart of the Atacama Desert.
"We are moving along diligently and as quickly as possible," announced Mr. William Lieberman, President of Mammoth Energy Group.
About Mammoth Energy Group Inc. (Pinksheets:MMTE - News) http://www.mammothenergygroup.com/
Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
NEW YORK, NY--(Marketwire - 05/18/10) - Mammoth Energy Group Inc. (Pinksheets:MMTE - News) announced today that it is in final discussions with Salt Gold Inter Chile Limitada, of Chile, regarding its Lithium concessions.
Salt Gold Inter Chile Limitada currently operates in the North West region of the country located in the heart of the Atacama Desert.
"We are moving along diligently and as quickly as possible," announced Mr. William Lieberman, President of Mammoth Energy Group.
About Mammoth Energy Group Inc. (Pinksheets:MMTE - News) http://www.mammothenergygroup.com/
Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Wednesday, June 23, 2010
Kalahari Greentech, Inc. Announces That Wind Power Grew 42% in 2008 Over 2007 and is Expected to Continue to Grow at 15.7% until 2013
FORT WALTON BEACH, Fla., June 23, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT - News) released a statement today that wind power is expected to continue to grow worldwide, in part due to favorable government policies. The U.S. Department of Energy has announced a goal of obtaining 6% of U.S. energy from wind by 2020. This goal is consistent with the current nationwide growth rate of wind power. (Source: http://www.awea.org/).
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. (Source: http://www.awea.org/).
The 2009 World Wind Energy Report issued by the World Wind Energy Association illustrated impressive growth rates in the wind sector in 2009, despite the global financial crisis. The report states, "Increasing awareness of the economic, social and environmental benefits of wind energy will further boost investment in new wind farms." (Source: http://www.wwindea.org/).
According to a BTM Consult report posted on RenewableEnergyWorld.com, 2008 saw the highest ever level of wind turbine installations. The growth rate was 42% compared with 2007. The report's forecast also noted that the expected average annual growth rate expected through 2013 is 15.7% per year. More than 200 GW of new wind power capacity could emerge before the end of 2013 (Source: http://www.renewableenergyworld.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. 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.abcnews.com/).
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. For instance, it can be utilized in streams, rivers and tidal basins.
Many wind generators on the market today are a hazard to birds and other wildlife. Kalahari's Wind Generator avoids the bird strike problem because each unit comes standard with a shield that blocks birds from being hit by the turbine blades. The screen is sufficiently fine, such that not even a hummingbird can get through. The unit also releases short-range ultra-sonic waves that deter insects from nesting within the apparatus.
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.
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. (Source: http://www.awea.org/).
The 2009 World Wind Energy Report issued by the World Wind Energy Association illustrated impressive growth rates in the wind sector in 2009, despite the global financial crisis. The report states, "Increasing awareness of the economic, social and environmental benefits of wind energy will further boost investment in new wind farms." (Source: http://www.wwindea.org/).
According to a BTM Consult report posted on RenewableEnergyWorld.com, 2008 saw the highest ever level of wind turbine installations. The growth rate was 42% compared with 2007. The report's forecast also noted that the expected average annual growth rate expected through 2013 is 15.7% per year. More than 200 GW of new wind power capacity could emerge before the end of 2013 (Source: http://www.renewableenergyworld.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. 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.abcnews.com/).
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. For instance, it can be utilized in streams, rivers and tidal basins.
Many wind generators on the market today are a hazard to birds and other wildlife. Kalahari's Wind Generator avoids the bird strike problem because each unit comes standard with a shield that blocks birds from being hit by the turbine blades. The screen is sufficiently fine, such that not even a hummingbird can get through. The unit also releases short-range ultra-sonic waves that deter insects from nesting within the apparatus.
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.
Monday, June 21, 2010
Kalahari Greentech, Inc. Details the Solar Collector
FORT WALTON BEACH, Fla., June 21, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT - News) released a statement today discussing its high-tech Solar Collector in detail.
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. Worldwide wind power generation exceeded 200 billion kilowatthours in 2008, which is equivalent to the annual electricity consumption of over 18 million average households in the United States. Wind generation increased by about 25% from 2007 to 2008, and has more than tripled since 2003. This growth is mostly due to capacity increases in the United States, China, India, and Western Europe (Source: http://www.eia.doe.gov).
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/).
Kalahari's Solar Collector addresses the matters of collector and system efficiency to build a single cost-effective unit. To do this, the collector operates three functions simultaneously to enhance system performance. Hence, it has been labeled as a "Tri-Brid" system. Without all three functions being performed from a single integrated system, the solar collector would not be economically viable. However, since the three functions do take place together, Kalahari's combination Thermal-Voltaic Solar Collector proves to be a cost-effective unit.
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.
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. Worldwide wind power generation exceeded 200 billion kilowatthours in 2008, which is equivalent to the annual electricity consumption of over 18 million average households in the United States. Wind generation increased by about 25% from 2007 to 2008, and has more than tripled since 2003. This growth is mostly due to capacity increases in the United States, China, India, and Western Europe (Source: http://www.eia.doe.gov).
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/).
Kalahari's Solar Collector addresses the matters of collector and system efficiency to build a single cost-effective unit. To do this, the collector operates three functions simultaneously to enhance system performance. Hence, it has been labeled as a "Tri-Brid" system. Without all three functions being performed from a single integrated system, the solar collector would not be economically viable. However, since the three functions do take place together, Kalahari's combination Thermal-Voltaic Solar Collector proves to be a cost-effective unit.
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.
Kalahari Greentech, Inc. Details the Wind Generator
FORT WALTON BEACH, Fla., June 18, 2010 (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. (Pink Sheets:KHGT - News) released a statement today discussing its cutting-edge Wind Generator system in detail.
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. 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.abcnews.com/).
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. For instance, it can be utilized in streams, rivers and tidal basins.
Many wind generators on the market today are a hazard to birds and other wildlife. Kalahari's Wind Generator avoids the bird strike problem because each unit comes standard with a shield that blocks birds from being hit by the turbine blades. The screen is sufficiently fine, such that not even a hummingbird can get through. The unit also releases short-range ultra-sonic waves that deter insects from nesting within the apparatus.
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/).
Research indicates that Kalahari's Wind Generators are cost effective when the energy they produce outweighs the cost of the unit. By installing at the point of greatest need, the units also eliminate the need to create an alternate energy power grid and suffer the transmission line losses.
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.
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. 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.abcnews.com/).
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. For instance, it can be utilized in streams, rivers and tidal basins.
Many wind generators on the market today are a hazard to birds and other wildlife. Kalahari's Wind Generator avoids the bird strike problem because each unit comes standard with a shield that blocks birds from being hit by the turbine blades. The screen is sufficiently fine, such that not even a hummingbird can get through. The unit also releases short-range ultra-sonic waves that deter insects from nesting within the apparatus.
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/).
Research indicates that Kalahari's Wind Generators are cost effective when the energy they produce outweighs the cost of the unit. By installing at the point of greatest need, the units also eliminate the need to create an alternate energy power grid and suffer the transmission line losses.
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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