Alternative Energy Partners (AEGY) Developing Advanced Trough Technology
http://www.aenergypartners.com/ () —
Alternative Energy Partners (OTCBB: AEGY), a provider of comprehensive alternative energy solutions, today announces that it is developing proprietary advanced solar thermal collector trough technology.
Alternative Energy Partners' ("AEGY") portfolio of businesses includes Sunarias (www.sunarias.com (http://www.sunarias.com) ), the solar thermal energy provider that is developing the parabolic trough technology. The advanced trough is designed to maximize solar collection while also boasting features that enhance efficient shipping. The troughs are being built with alternative materials to improve manufacturing speed and reduce manufacturing cost, with the hopes of lowering the market price for the device and making the technology cost effective for users.
Multiple solar thermal collector troughs are generally required for any given solar energy project. The attention to efficient shipping capabilities would be a unique feature for the product, allowing for ease of distribution and sale. Where shipping and shipping costs are prohibitive, the new design will improve the ability for clients to incorporate a number of troughs on a project site.
Alternative Energy Partners CEO Gary Reed says, "We are pleased with preliminary indications that we may exceed 9000 BTUHs per trough. This is the result we have been hoping for. AEGY is demonstrating that not only can it offer high quality alternative energy services, but we will be innovating the energy field with our proprietary technology."
Last week AEGY announced the formation of its Elan Energy Corporation subsidiary, which will be responsible for integrating and coordinating the various energy products and services offered by Alternative Energy Partners to its clients. AEGY also announced then that it had signed letters of intent for three entities whose annual gross revenues are expected to exceed $15 million. Pursuant to successful due diligence processes, AEGY anticipates closing on those companies by the end of this month.
About Alternative Energy Partners, Inc.
Alternative Energy Partners ("AEGY") is focused on sourcing, marketing and distributing renewable alternative energy solutions. Through its wholly owned subsidiary, Sunarias Corporation (www.sunarias.com (http://www.sunarias.com) ), AEGY provides on-site solar-thermal energy systems that allow businesses to reduce energy costs. It also holds Shovon, LLC (www.shovon.com (http://www.shovon.com) ), provider of remote control energy managements. It is poised to enter the European alternative energy market through its subsidiary Skynet Energy Systems, Inc. Elan Energy Corporation, a newer subsidiary, will be responsible for integrating and coordinating energy products and services offered by AEGY. AEGY's goal is to offer a full portfolio of high-performance energy solutions for homes and businesses of all sizes. Alternative Energy Partners is publically traded on the NASDAQ OTC (OTCBB: AEGY). For more information please visit www.aenergypartners.com (http://www.aenergypartners.com) .
FORWARD LOOKING STATEMENT
This announcement is not an offer to sell any Alternative Energy Partners ("AEGY") securities. Offers for any given security are made only through applicable offering circulars and related supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of AEGY may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding AEGY's plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Forward-looking statements speak only as of the date of the document/oral statement in which it was made. In making any such statements, the person making them believes that his expectations are based on reasonable assumptions; however, any such statement may be influenced by factors that could cause actual outcomes and results to be materially different from those projected or anticipated. These forward-looking statements are subject to numerous risks and uncertainties. There are various important factors that could cause actual results to differ materially from those in any such forward-looking statements and are mostly out of the company's control. Among these are: general economic conditions, receipt of additional working capital, and acceptability of the company's products in the marketplace as well as other factors set forth in the company's SEC filings. Thus, AEGY disclaims any intent or obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.