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Universal Communication Systems, Inc. Subsidiary, Millennium Electric TOU Ltd., Secures New Orders for up to $4.2 Million for Photovoltaic (PV) Solar Energy Panels and Products for Delivery to Canada Wednesday December 14, 1:00 am ET
Millennium's Distributor for US, HELIOCOL (US) Closes a Major Deal With CARMANAH TECH CORPORATION, a Leading Canadian PV Solar Enterprise
HERZLIAH, ISRAEL--(MARKET WIRE)--Dec 14, 2005 -- Universal Communication Systems, Inc. (OTC BB:UCSY.OB - News) subsidiary, Millennium Electric TOU Limited, announced today that the company has secured a new export order for PV Solar Energy Panels totaling up to $4.2 million for the Canadian market. The order will be executed in monthly shipments over the next 12 months. Company President Ami Elazari today issued the following statement: "I am pleased to announce the execution of a new PV Solar Panel order with HELIOCOL (US) (www.Heliocol.com), our national distributor for the US market, for our unique range of Millennium Brand PV Solar Panels and related products. This new order calls for CARMANAH TECH CORP, a leading Canadian PV Solar enterprise to acquire up to 100KW in 80 watt panels per month totaling up to $4.2 million in value of PV Solar Energy Panels spread over the next year. The first draw down order totaling $420,000 has already been shipped. The PV Solar Panels are all destined for the CANADIAN market. This new export order is again a major and continuing endorsement of the high quality of our Millennium Brand PV Solar Energy Panels."
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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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