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Traded at 2 cents in Germany yesterday and today on good volume. That makes round about 2.4 us cents. Solar plays will continue to be hot. Only a matter of time until this one runs.....
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Universal Communication Systems, Inc. Announces Formation of New PV Solar Business Segment to Be Based in Los Angeles to Take Advantage of the New PV Solar Power Energy Incentive Package as Recently Announced by the State of California Tuesday January 17, 9:46 am ET
MIAMI, FL--(MARKET WIRE)--Jan 17, 2006 -- Universal Communication Systems, Inc. (OTC BB:UCSY.OB - News) company chairman and CEO, Michael J. Zwebner, announced today that the company is set to make a major new investment and plans to open a new office in Los Angeles, California from which to market PV Solar Panels and PV Solar Energy Systems throughout the state. This follows the recent announcement by the State of California that it was to enact a Major Incentive Program which is the largest solar energy policy ever enacted in the United States: an 11-year, $3.2 billion incentive program aimed at spurring installation of PV Solar Panels / Systems.
The new State of California incentive represents roughly 3,000 megawatts of production, which is 2.5 times worldwide PV Solar sales in 2004, he said. The California plan, which would offer incentives for solar generation ranging from 1 megawatt to 1 gigawatt, is second in size only the PV Solar incentive program in Germany that began in 2004.
Michael Zwebner also noted; "We are already in the PV Solar industry and now plan to open a major new marketing division even though the industry is going through trying times, as there are already delays in meeting current demand because of production and capacity constraints and shortages of certain raw materials such as silicon. However, there are now some global expansion plans to produce more basic materials needed in the production process, the results will still leave some pent-up demand and may take time to filter down. In addition, to increase production the process could take a year to 18 months, as new facilities will have to be built. Nevertheless, we believe in this fast growing and exciting industry, and we will work to establish ourselves as a major player both in the manufacture and marketing of PV Solar panels and Energy Systems."
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