Source: Atlantic Wind & Solar Inc.
On Tuesday May 25, 2010
TORONTO--(Marketwire - 05/25/10) - Atlantic Wind and Solar Inc. (Pinksheets:AWSL - News) is pleased to provide the following summary confirming its progress and strategic goals for the development of photovoltaic (PV) solar energy parks in 2010-2011.
Since its inception, AWSL focused on a singular corporate goal: To establish itself as a significant player in the Renewable Energy (RE) industry through Solar and/or Wind Power, thus opening up avenues for strong corporate growth in what management regards as the true Growth Industry of the 21st Century.
Atlantic's new CEO Mr. Pierre Cousin comments, "Atlantic Wind and Solar has the right fundamentals to support its rapid expansion and the achievement of its strategic goals. We have a team of experts motivated to make the company successful; a strong pipeline with great relationships with future customers; strong partnerships with financial institutions, investors, real estate companies, landlords, and technology providers; a superior value proposition delivering far less stress to commercial building rooftops yet with the capability to deliver the absolute highest yields of energy known in the industry; and finally, last but not least, a company immersed in what is being regarded as the fastest growing industry in the world ."
Under the terms of the Ontario Feed In Tariff (FIT) program, Atlantic will finance, build, own, operate and maintain PV energy systems hosted on the roofs of commercial buildings across the province and the electrical power generated by the systems will be sold directly into the grid to the Ontario Power Authority (OPA) for 71.3 cents per kilowatt hour, for a contracted period of no less than 20 years.
Pierre Cousin further commented: "In terms of operational excellence, after changing engineers and integrators, I am pleased to see that Atlantic has also made some major changes in the overall design of our structurally tied systems, which is expected to save the company millions of dollars in future operating and construction costs. The Company has also been able to streamline its rooftop qualifying process while greatly reducing the overall initial costs associated with getting to final lease agreement stages with landlords."
Atlantic Wind and Solar uses a very unique process to qualify rooftops for their solar energy systems. In addition to its overall superior system design, the company utilizes some of the best commercial real estate brokers, energy lawyers, structural engineers and insurance agents available, in a consorted group effort to enable the company to become a long term leader in the development of utility scale, renewable energy power generation projects worldwide.
Cousin added: "But to build a best in class operation driving significant profitable growth, we will have to go one step further: Reinforce our customer intimacy in proving the superiority of our solutions; Measure the key components of our business model to identify our gaps and areas of progress; Act quickly but invest wisely to maximize our shareholder value; Expand our skill sets and partnerships to successfully penetrate new global markets."
While experiencing a great rate of growth in Ontario, the company plans to take its business model abroad, with the expectations of entering into other global renewable energy markets like India, U.K., Germany and the U.S.
About Atlantic Wind & Solar Inc:
Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical Renewable Energy. The Company is working with parties in the Real Estate and Property Management sectors in Ontario and abroad to secure rooftop leases suitable for AWSL's photovoltaic (PV) renewable energy system.
Sales and Marketing Contacts
Property owners and managers with unobstructed commercial rooftops of 30,000 s/f or bigger in the Province of Ontario, Canada, and for which they are interested in possibly leasing to AWSL, are invited to contact Mr. Charles Mazzacato +1 800 891 1657 ext. 230.
All other Renewable Energy system enquiries are asked to phone +1 416 900-0380 or email
For further corporate information and/or to subscribe for regular news updates from Atlantic Wind & Solar, please visit: www.atlanticwindandsolar.com
Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements.
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