Electron Solar Energy Signs Distributor to Bring Solar Energy Systems to the United Arab Emirates
MIAMI, May 22, 2007
Source: Electron Solar Energy /press release
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Electron Solar Energy (OTC: ESRG), an international distributor of alternative energy systems, announced today that Tibo Company LLC, based in Dubai, will sell the Company’s solar energy systems through two branch offices and direct-to-consumer sales covering the entire United Arab Emirates (UAE). Tibo currently markets Electron’s line of batteries.
Christopher P. Quinn, CEO of Electron, stated, “Cash-rich oil nations are investing heavily into the Region; developing and building out the infrastructure in addition to creating the world’s most luxurious tourist attractions. Dubai is currently the fastest growing city on Earth. This construction boom is progressing at an unprecedented level of luxury and technological advancement. With that type of forward thinking in place, Dubai will be a hotspot for green building technology and alternative energy products for years to come.” According to Dubai Electricity and Water Authority, Dubai’s power consumption rose nearly 30% in 2006. “In order to supplement the existing infrastructure and to keep pace with the global Green architecture movement, solar and wind energy will be a popular application there. Tibo Company Dubai offers the solid reputation, Electrical Engineering expertise, and extensive sales force that we were looking for in a distribution partner in that region. I am just delighted to see Electron partner with such a capable and proven company. This will help to ensure our products reach a market ready to adapt to new sources of renewable energy.”
Thomas George, President and Chief Electrical Engineer of Tibo Company LLC, stated, “The UAE represents a very attractive market for solar energy systems. Since the UAE lies on the earth’s Sunbelt, its angle of Insolation is one of the highest in the world. Electron presented the ideal opportunity for Tibo to enter the solar energy market. I am considering setting up a grid-tie solar panel system in my new villa in Dubai to showcase Electron’s Solar Energy systems to potential customers. Clients will see that installation as a testament to how much I believe in Electron’s systems, products, and Future sales potential for our two companies together.”
About Tibo Company LLC
http://www.tibodubai.com/
Tibo Company Dubai LLC, established in 1969, offers a fully comprehensive range of batteries (industrial and automotive), chargers, related equipment, and accessories. It also distributes automotive parts, and garage equipment to meet customer requirements in this field. Tibo Company has branches in Sharjah and Ras-Al-Khaimah and sells direct throughout the United Arab Emirates.
About Electron Solar Energy
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company’s turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com. For investor relations or to request more information, visit http://www.otcfn.com/esrg.