PM&E Announces Further Positive Testing Results
22 Janeiro 2013 - 1:11PM
PM&E, Inc. (Pink Sheets:PMEA), the developer of highly
efficient and lower-cost industrial and consumer solar power
generation applications, announced today that in preparation of the
commercial launch of its flagship product MPVS GEN 4 solar power
panel, it has conducted further testing of the prototypes of the
panels. Those tests rendered positive results, affirming the
previously projected specifications of the product, underlying the
feasibility of the anticipated launch of its production and
distribution to consumer and commercial solar power generation
markets.
The CEO of PM&E, Inc., Jack Merck stated: "The
Company's wholly owned subsidiary Suncetix, Inc. concluded initial
industrial testing of its MPVS GEN 4, using lab facilities of one
Canadian private solar cell panel manufacturer. Results of the
tests confirmed previously calculated lab results of reliability
and effectiveness, as well as output specifications of the systems,
and ruled out several potential latent development-stage problems.
Also, throughout the tests, engineers of Suncetix, Inc.
put forward numerous goals needed to be resolved prior to mass
production and licensing. These tests represented one of the most
important final steps towards preparation of the mass production
and distribution of our products, particularly confirming most of
our production-related cost assumptions." Mr. Merck added the
following remark: "As expected our MPVS in real life conditions
performed on the level previously defined by simulations and
partial lab tests. We are pleasantly surprised by the proximity of
real life results to simulated ones and looking forward to
implement additional improvements to the system making it more
robust, more efficient and self-reliable in
preparation for production and sales."
Forward-Looking Statements
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act. The Private
Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases
brought under the federal securities laws, including changes
related to pleading, discovery, liability, class representation and
awards fees as of 1995. Those statements include statements
regarding the intent, belief or current expectations of PM&E,
Inc. and members of its management as well as the assumptions on
which such statements are based. Prospective investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. The Company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.
CONTACT: Thomas Hamilton
647-761-3413
support@suncetix.com
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