EPOD Announces Sale of Equity in New Solar Panel Factory
Posted on: Wednesday, 26 April 2006, 12:00 CDT
EPOD International Inc. (the "Company,""EPOD") (OTC BB: EPOI) (Frankfurt: EDU), announces that EPOD Management has elected to sell up to 49% of the Company's to-be-built solar panel factory.
Further to EPOD's announcement of April 12, 2006, regarding the Company's intent to build a five-megawatt, thin-film, solar panel manufacturing plant, EPOD announces it intends to sell to investors up to 49% equity in the to-be-built facility. When completed, the plant is projected to have an aggregate annual output of five megawatts. This additional capacity will substantially assist the Company in pursuing commercial solar installation opportunities in the Province of Ontario, where market prices have touched CDA$8 per watt, installed.
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 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) 662-0672
SOURCE: EPOD International Inc.
Source: MARKET WIRE
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