AVEC Corporation Acquires New Solar Related Patent Rights for Solar Sun Systems.
DUBAI, United Arab Emirates, Oct. 31, 2011 /PRNewswire/ — AVEC Corporation (“AVEC”) (Pinksheets: AVEC) (Frankfurt: BAE1) announced today it has acquired marketing rights to solar industry patents that complement its portfolio and now completes the ability to “turn key” its products in the heart of the world solar belt, which is centered in the GCC Countries where it is based.
The most favourable belt. This belt, lying between latitudes 15 degrees North, and 35 degrees North, embraces the regions that are naturally endowed with the most favourable conditions for solar energy applications. These semi-arid regions are characterized by having the greatest amount of solar radiation, more than 90% of which comes as direct radiation because of the limited cloud coverage and rainfall (less than 250 mm per year). Moreover, there is usually over 3,000 hours of sunshine per year.
The Company will concentrate its manufacturing and marketing to this region where Solar products and systems with our efficiency are able to produce profits and consumer benefits without the need for Government subsidies.
Countries of the GCC offer direct low cost manufacturing investment currently superior to any other region of the world and therefore will provide a new manufacturing base of “non hydrocarbon products” which are exportable as well to many regions including Asia and Africa thereby providing new high quality jobs for Nationals of the respective host countries.
The countries of the GCC region are : Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
About AVEC Corporation
AVEC Corporation (AVEC) is a global solutions provider that owns, develops, invests in and licenses revolutionary technologies including internal combustion engine and electric power generator technologies that have unlimited potential in military, industrial and commercial applications. AVEC and its partners are positioned to become unrivalled leaders in international engine and energy markets with technologies that produce more efficient, cost effective, environmentally sensitive and versatile solutions for use in a wide variety of important applications around the world.
Safe Harbor Statement
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For further information, please contact:
Samuel Higgins, Chairman
SOURCE AVEC Corporation