EPOD Announces Solar Power Sale, California Energy Commission Approval
Posted on: Thursday, 12 January 2006, 15:00 CST
EPOD International Inc. (the "Company", "EPOD") (OTC BB: EPOI) (Frankfurt: EDU), announces the California Energy Commission has endorsed the Company's first solar power system sale in California.
The solar power system sale, valued at US$230,000, recently received approval from the California Energy Commission ("CEC") as a qualified renewable energy power generation system. The approval of EPOD's advanced solar power system by the CEC provides the San Diego county industrial customer with a cash contribution of US$147,931.40 from the CEC's Renewable Energy Program, a state-funded initiative intended to promote the implementation and use of renewable energy. This approval of EPOD's solar power systems is the first of many such approvals expected during 2006 and significantly increases the Company's opportunities to proliferate its solar power technology in the State of California.
"Having the State approve our systems for customer funding support opens the door for us to complete far more sales than without," commented Mark Roseborough, EPOD president. "The degree of financial support the CEC appears willing to provide our customers makes our solar power systems even more attractive to the end user," added Roseborough.
Installation of the system is projected to begin in February, 2006.
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, 2004 filed on or about March 30, 2005, and incorporated herein by reference.
About EPOD: EPOD International Inc. is a leader in the development of advanced energy management technologies with real-world market applications. The Company's patent-pending 'Energy Pod' technology manages and manipulates electrical energy such that utilization of DC-electric battery power becomes significantly more efficient. EPOD's patent-pending and proprietary technologies are applicable to a wide variety of industries and applications, and are available through licensed OEM's and directly to end-users.
The Company's filings, including current financial reports, can be accessed through the EDGAR database at www.sec.gov.
For more information please contact: Brett Walker Telephone: (604) 669-0600 Fax: (604) 662-4929
SOURCE: EPOD International Inc.
Source: MARKET WIRE
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