IX Energy Signs Teaming Agreement With Legatus6
18 Febrero 2009 - 8:20AM
Marketwired
IX Energy Holdings, Inc. (OTCBB: IXEH) ("IX Energy"), a company
engaged in the development and financing of solar power and other
renewable energy solutions, today announced that it has entered
into a Teaming Agreement with Legatus6 to provide turnkey renewable
energy solutions to federal agencies seeking to comply with
mandates set forth in the Energy Policy Act of 2005 ("EPACT").
Under the agreement, IX Energy and Legatus6 will assist
government agencies in the development and operation of on-site
renewable energy including solar, geothermal, daylighting, solar
thermal and biomass power generation. Legatus6 will manage
sub-contracting relationships and ongoing operations and
maintenance on all IX Energy contracts.
Steve Hoffman, CEO of IX Energy, said, "We are pleased to be
working with an established federal contracting firm like Legatus6,
whose executives have a history of success in working with some of
the country's largest agencies and government contractor firms.
This agreement adds enormous value to our federal programs. Working
with Legatus6, we can more effectively leverage our expertise in
renewable energy, business development, design, engineering,
installation and project management to provide a compelling and
turnkey renewable energy solutions platform to the federal agency
sector."
EPACT establishes statutory goals to expand the federal supply
of renewable energy by 7.5% by 2013, and Executive Order 13423
requires agencies to reduce energy consumption per square foot by
3% per year or 30% by 2015, with mandates that at least half of
renewable power comes from "new" renewable sources that have come
on line since 1999. With an electricity bill of more than $3.5
billion and a real estate portfolio of about 500,000 buildings and
facilities, EPACT and Executive Order 13423, both of which
encourage on-site renewable power, will have a significant
impact.
Robert Bowe, CEO of Legatus6, said, "We're looking forward to
working with IX Energy to develop turnkey renewable energy
solutions to help federal agencies meet their mandated targets."
Bowe added that, "What is exciting about this strategic
relationship with IX Energy is not just the value of this business
arrangement to us as a company, but that it is also about saving
our customers money as they meet their energy needs today and in
the future in an environmentally desirable way. I've never liked
the term 'leading edge,' mainly because it is usually 90% hype,
but, in this case, it's true. As seasoned government and federal
agency consultants and service providers, we are out in front
working with IX Energy, Inc. to develop and deliver turnkey
renewable energy projects to our federal customers."
About Legatus6
Legatus6, founded in 2007, is a Service Disabled Veteran Owned
Small Business (SDVOSB) providing professional services including
program management, intelligence support, information technology,
logistics, base operations, and staffing to the federal government.
Bob Bowe, and his partner and President of Legatus6, John McCann,
both have extensive executive experience in industry. Bob Bowe has
over 28 years on active duty in the U.S. Army where, among other
senior officer assignments, he has had command responsibility for
the operation of large facilities, the type now being mandated to
achieve energy savings as described above. Past and current clients
include the U.S. Army, Department of Homeland Security, National
Geospatial-Intelligence Agency, National Institutes of Health,
various Defense activities, and the Nuclear Regulatory Commission.
For more information about Legatus6 go to www.legatus6.com.
About IX Energy Holdings, Inc.
Founded in 2006, IX Energy, Inc., the wholly owned subsidiary of
IX Energy Holdings, Inc. is a renewable energy services company
engaged in the design, marketing and development of solar power
systems and other renewable energy solutions to federal and
civilian agencies. IX Energy, Inc. was recently acquired by IX
Energy Holdings, Inc. f/k/a Yoo, Inc. pursuant to an Agreement and
Plan of Merger and Reorganization dated December 30, 2008.
Additional information about the merger and IX Energy can be found
on IX Energy Holdings, Inc.'s current report on Form 8-K as filed
with the SEC on January 6, 2009.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other unknown factors that could cause the
actual results of the Company to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. In addition to statements which
explicitly describe such risks and uncertainties, readers are urged
to consider statements with the terms "believes," "belief,"
"expects," "intends," "anticipates," "will" or "plans" to be
uncertain and forward-looking. The forward-looking statements
contained herein are also subject generally to other risks and
uncertainties that are described from time to time in the Company's
reports and registration statements filed with the Securities and
Exchange Commission.
Company Contacts Corporate Communications Aspire Clean Tech
Communications, Inc. Todd M. Pitcher 760-798-4938
IX Energy (CE) (USOTC:IXEH)
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