PowerFilm, Inc Hobie Cat Company Strategic Relationship (0767B)
28 Marzo 2013 - 1:03AM
UK Regulatory
TIDMPFLM
RNS Number : 0767B
PowerFilm, Inc
27 March 2013
PowerFilm, Inc.
Hobie Cat Company Strategic Relationship and Product Launch
27 March 2013, PowerFilm(R), Inc. (AIM: PFLM), ("PowerFilm" or
the "Company"), the developer and manufacturer of thin flexible
solar panels, today announces its strategic relationship and
product launch with Hobie Cat(R) Company ("Hobie Cat").
PowerFilm has reached an agreement with Hobie Cat to supply
custom solar panels to recharge the v2 battery for the Hobie Cat
eVolve(TM) electric motor. The strategic partnership comes after
nearly two years of collaboration and development of a customized
product specific for Hobie Cat watercraft.
The PowerFilm solar panel utilizes marine grade connections and
weatherproof, ultra thin, ultra light material for quick charging
of the v2 battery that is incorporated into the Hobie Cat eVolve v2
system. The panel can charge the battery or indefinitely run the
motor at 2 knots with optimum sun conditions. The easy to use,
weatherproof panel has been salt water tested and uses stainless
steel rivets and grommets to ensure reliable power in challenging
marine conditions.
The PowerFilm solar panel for Hobie is commercially available
and is being distributed through Hobie's existing commercial
channels.
"We looked at various solar panel manufacturers and ultimately
selected PowerFilm's solar panels given their durability and the
way PowerFilm custom engineered the product to meet our specific
needs," said Dan Mangus, Director of Marketing, of Hobie Cat
Company.
Founded in 1950, Hobie Cat Company manufactures, distributes and
markets a collection of eco-sensitive watercraft worldwide from its
headquarters in Oceanside, California. These include an
ever-expanding line of recreation and racing sailboats,
pedal-driven and paddle sit-on-top recreation and fishing kayaks,
fishing boats, stand up paddleboards, plus a complementary array of
parts and accessories.
"We are very excited, after two years of hard work and
preparation, to have another strong strategic partner in Hobie
Cat," says Ron Mason, Vice President of Sales and Marketing at
PowerFilm. "We're looking forward to growing this relationship into
the future."
PowerFilm is a registered trademark of PowerFilm, Inc. Hobie Cat
is a registered trademark of Hobie Cat Company. eVolve is a
trademark of Hobie Cat Company.
For further information, please contact:
PowerFilm, Inc. +1 (515) 292 7606 x 102
Frank Jeffrey, CEO
Mike Coon, VP, Building Integrated,
Business Development, and External Relations
Nomura Code Securities Limited, Nominated Advisor +44 (0) 20
7776 1200
Juliet Thompson, Giles Balleny
A copy of this announcement will be available on the PowerFilm
website at http://www.powerfilmsolar.com. The common shares of
PowerFilm, Inc. are traded on the AIM Market of the London Stock
Exchange and are not registered under the US Securities Act 1933,
as amended. Such shares may not be offered or sold to residents of
the United States or to persons acting on their behalf, or to other
persons who are "United States Persons" within the meaning of
Regulation S as promulgated under the Securities Act of 1933,
unless such shares have been registered under the Securities Act or
there is an available exemption from registration.
Forward-looking Statements
This release includes forward-looking statements which are based
on certain assumptions and reflect management's current
expectations as contemplated under the Safe Harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors
include: uncertainty as to whether our strategies, partnerships and
business plans will yield the expected benefits; general global
economic conditions; general industry and market conditions and
growth rates; increasing competition; the ability to identify,
develop and achieve commercial success for new products, services
and technologies; changes in technology; changes in laws and
regulations, including government incentive programs; intellectual
property rights; our ability to secure and maintain strategic
relationships, including key supply relationships; the availability
and cost of capital; the availability of, and our ability to
retain, key personnel; and the failure of the Company to
effectively integrate acquisitions. Additional factors are
discussed in our public disclosure materials from time to time. We
disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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