PM&E Inc. Targets Emerging Vast Asian Solar Power Generation Markets
24 Janeiro 2013 - 11:00AM
PM&E, Inc. (OTC Pink:PMEA) announced today that it has started
negotiations with energy-generation related companies in several
overseas markets, in particular, South-East Asia with the purpose
of launch of production, commercial marketing and distribution of
its advanced solar power generation panels. With over 3 billion
consumers of electrical power in the region looking for the most
efficient means of energy-generation and consistently predictable
amounts of sunshine-filled calendar days the company anticipates
that South-East Asia may become one of the major markets for its
solar power panels in the near future.
PMEA's wholly owned subsidiary Suncetix Inc. has reported that
company's CEO Mr. Jack Merck has recently held meetings with
President of Valu Trading, Inc. Mr. Hui Kim. Valu Trading, Inc. is
a Hong Kong-based trading company advising on commodities sourcing
and technology licensing to several major South Korean and Japanese
firms and the Government of Vietnam. The meeting was organized as
per request of Mr. Merck in order to discuss possible licensing of
the Company's flagship GEN 4 MPVS solar power generation panels to
the commercial and individual consumers in the variety of Asian
markets. Mr. Kim was presented an overview of the underlying
technology and historic perspective on the development of the
Company's products and updated on the major milestones, including
recent successful per-launch tests. The focus of the Company's
presentation was on the cost-efficiency of production and the
significant competitive advantages of GEN 4 MPVS compared to the
conventional flat panels. As the result it is anticipated that the
Company and Valu Trading, Inc. may enter into a long-term licensing
agreement whereby the Company's products will be acquired by
multiple large commercial clients and introduced to the retail
distribution networks in the region. "We are delighted to have
opened the door for our products into the South Korean and other
Asian markets and are satisfied with the level of interest to enter
into a comprehensive licensing deal in a near future expressed by
Mr. Kim and his expert associates," stated Jack Merck, the CEO of
the Company. He added "Valu Trading Inc., which is a privately held
corporation with a head office in Hong Kong, is engaged in
commodity sourcing, such as coal, silicone and structural steel,
with annual sales of $US120-$US150 Million is not a novice to the
energy markets: the company has a licensing arm, providing
technology licensing services and OEM manufacturing services. Among
most notable clients of Valu Trading, Inc. are such South Korean
companies as KMH, POSCO, as well as the Government of Vietnam. We
anticipate the agreement with Valu Trading, Inc. to be the first in
the series of non-exclusive licensing deals, which may put our
products into commercial exploitation in various lucrative markets
in the foreseeable future."
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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