EPOD Signs Power Purchase Agreement With the Ontario Power Authority for 3 MW of Generation
Posted on: Thursday, 13 December 2007, 15:00 CST
RENO, Nev., Dec. 13, 2007 (PRIME NEWSWIRE) -- EPOD International Inc. (the "Company""EPOD") (Pink Sheets:EPOI) (Frankfurt:EDU), a Grid-Integrated, eco-power utility and electric power systems provider, has signed a 20-year power purchase agreement (PPA) with the Ontario Power Authority (OPA) for the sale of 3.3 MegaWatts of solar electricity at a fixed rate of $0.42 per kilowatt-hour produced. EPOD estimates that the PPA will generate aggregate revenue of approximately $50 million over its 20-year term. EPOD plans to sign additional PPAs with the OPA, and to continue to secure additional installation sites as part of its overall recurring revenue model.
L. Mark Roseborough President EPOD International Inc.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements about EPOD's future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. EPOD intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, the Company's 10-KSB for year ended December 31, 2005 filed on or about April 17, 2006, and incorporated herein by reference.
About EPOD: EPOD is a Grid-Integrated, eco-power utility and electric power systems provider. The Company's operations include the engineering and construction of turn-key factories for solar panel production and material handling systems. Additionally, the Company has subsidiaries involved in the manufacturing of inverters, rectifiers, energy management systems, and solar panels.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.
This news release was distributed by PrimeNewswire, www.primenewswire.com
CONTACT: EPOD International Inc. Mark Roseborough (250) 807-2211 Fax: (250) 491-4279
Source: PrimeNewswire
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