NEW YORK, NY -- (Marketwire) -- 02/13/13 -- SunSi Energies Inc. ("SunSi") (OTCQB: SSIE), an international manufacturer, seller and distributor of energy products and solutions, today announced that it has submitted a multi-million dollar bid proposal to provide and retrofit LED streetlights in Costa Rica through its newly formed subsidiary ForceField Energy S.A. As part of this process, SunSi's LED streetlights have already been installed by the utility company in Costa Rica in certain locations and are currently being tested. Additionally, the Company has become registered as an approved vendor for fourteen Costa Rican government institutions including Grupo ICE, a Costa Rican state-owned holding company that controls assets in electric energy generation, transmission and distribution.
SunSi also announced that it has begun the development of its distribution network in Latin America by entering into various strategic agreements with established entities successful in selling products throughout Latin America. The formation of ForceField Energy S.A., based in Costa Rica, will provide a platform for the Company to facilitate and expedite the sales of its proprietary waste heat conversion and Lightsky LED products throughout Latin America.
SunSi's Chairman Richard St-Julien stated, "The Latin America marketplace is a key geographic region for the future growth of SunSi. We expect to rapidly deploy our technology, products and solutions throughout Latin America. We are delighted with the opportunity to bid on a project of this magnitude that could yield us substantial revenues and profits. Based on the network we have established and the speed in which we were able to position ourselves to qualify to bid on this project, we are confident that we will be able to generate many more prospective opportunities within this region in the near term."
About SunSi Energies Inc.
SunSi Energies is a global company whose products and solutions focus on renewable energy and improved energy efficiency. SunSi's subsidiary, TransPacific Energy Inc. ("TPE") has patented a technology which uses proprietary multiple component fluids that are environmentally sound, non-toxic and non-flammable. Custom formulated mixtures efficiently capture and convert heat directly from the heat source at temperatures ranging from 75 degrees F to 950 degrees F. TPE's technology offers applications at broader temperature ranges than other energy recovery systems. TPE's systems in certain applications reduce operating and maintenance costs thereby significantly improving return on capital expenditures thus making the purchase of waste heat recovery systems which previously yielded nominal savings, economically viable.
SunSi is the exclusive distributor in the U.S., Canada, and Mexico of Light Emitting Diode ("LED") commercial lighting products and fixtures for a premier LED manufacturer, Lightsky. An LED is a semiconductor device which converts electricity into light. The LED light is considered "green" because of the absence of dangerous chemicals and an accompanying significant reduction in energy consumption depending on the application, from 50% to 70% of traditional lighting products.
SunSi, is also a significant manufacturer and distributor of trichlorosilane ("TCS") in China. TCS is a specialty chemical primarily used in the production of polysilicon, which is an essential raw material in the production of solar cells for PV panels that convert sunlight to electricity. TCS is considered to be the first product in the solar PV value chain before polysilicon, and is also the principal source of ultrapure silicon in the semiconductor industry. For additional information regarding SunSi Energies Inc. or Transpacific Energy, Inc., please visit the companies' websites at www.sunsienergies.com, www.transpacenergy.com, www.lightsky-led.com or contact Richard St-Julien at (646) 205-0291.
Except for statements of historical fact, the matters discussed in this press release are forward-looking. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects" or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include (i) the Company's ability to secure financing if it successful in winning the bid on the Costa Rica LED streetlight project, (ii) the Company's ability to secure additional business in Latin America for its products, (iii) successful completion of the trial of the Company's LED streetlight being tested in Costa Rica, and other factors without limitation which are detailed in documents we file from time to time with the Securities and Exchange Commission, which are available at www.sec.gov.
ProActive Capital Resources Group, LLC
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Allstate Seeks to Invest in Minority Firms
- SpaceX's Satellite Launch Is 'Game-Changer'
- Latin Music Conference Turns 25
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Newtown Massacre Heard on 911 Recordings
- Reid Confident Congress to Pass Immigration Bill
- Guardian Pressured to Stop NSA Stories: Editor
- New Home Sales Shoot up 25 Percent in October
- Climate Change Early Warning System Urged