$18 million Energy Efficiency Partnership Project Awarded to Atlantic Energy Solutions
16 Octubre 2008 - 8:17AM
Business Wire
Atlantic Energy Solutions, Inc. (OTC:AESO) is announcing they have
signed a contract with an Energy Corporation to provide a Northern
New Jersey Township and School District to begin an energy
efficiency project that is worth over $18 million. The project
includes a partnership to develop and maintain a one megawatt
co-generation plant, as well as to put into operation a 700 watt
solar plant which will produce electricity for 8 large municipal
buildings in the town. This project is expected to get underway
next month and will be the first of its kind in the State of New
Jersey. Furthermore, it will be one of the largest revenue
generating projects to date for Atlantic Energy Solutions. Timothy
Brock, CEO of Atlantic Energy Solutions, said, �We are thrilled to
be in this position to be pioneers in New Jersey with this
particular type of energy efficiency project. We hope to blaze the
trail in the state for the further development of similar types of
projects in the future. We expect that this unique partnership will
propel Atlantic Energy Solutions closer to the top of our sector.�
Mr. Brock further commented, �The timing of this partnership is
good news for our shareholders as it will ensure a strong surge in
the company�s growth near the end of the year and will certainly
boost our revenue expectations for 2009.� About Atlantic Energy
Solutions Inc. Atlantic Energy, founded in 1992, is a globally
accredited Energy Efficiency and Resource Company and member of
NAESCO (www.Naesco.org) that identifies, implements and finances
energy efficiency projects designed to improve the overall
efficiency of energy, water usage and renewable resources, reducing
our dependency on foreign oil and diminishing our carbon footprint.
Headquartered in Saratoga Springs, NY and with a satellite office
in Fairfield, NJ, Atlantic Energy Solutions assesses the energy
demands and usages of municipal, corporate and industrial complexes
to improve conservation and apply measures to boaster savings at
the consumer level. 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 of 1995.
Those statements include statements regarding the intent, belief or
current expectations of Atlantic Energy Solutions 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. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-statements include fluctuation of operating
results, the ability to compete successfully and the ability to
complete before-mentioned transactions. 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.
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