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Press Release Source: Global Warming Solutions, Inc.
Global Warming Solutions Announces LETG Test Results Monday October 1, 9:52 am ET Solar technology successfully produces electricity at a superior rate to conventional technologies
HOUSTON--(BUSINESS WIRE)--Global Warming Solutions, Inc. (Pink Sheets:GWSO - News) - a developer of technologies aimed at mitigating the effects of global warming - today announced positive results in its LETG solar technology test. ADVERTISEMENT
The results indicate that LETG has successfully produced 300 watts of electric power and simultaneously 1000 watts of thermal power from one square meter of its monocrystalline silicon cells. This huge increase in output comes as a result of the LETG's patented double-side photovoltaic cells and the use of flat reflectors in its hybrid solar module.
LETG is an acronym for Light Electric and Thermal Generator.
"We are very excited by these results," said Dr. Alexander Kornaraki, lead developer of LETG. "To put these numbers into perspective, an LETG module with a surface area of just 10 square meters could produce enough electricity to meet the needs of a small house."
These results mean that one square meter of LETG hybrid solar cells can easily replace two square meters of ordinary photovoltaic cells and 1.5 square meters of ordinary solar thermal converters.
"These results bring us a step closer to the realization of our goal to build full-fledged LETG power plants," says Dr. Vasilenko. "With LETG technology, Global Warming Solutions is increasing output, lowering costs, and contributing to a clean, green planet for our children."
Global Warming Solutions develops and commercializes technologies that help mitigate Global Warming and its effect on our planet. The Company targets three areas that help reduce the extent of Global Warming and fight issues that have risen in consequence: Clean Energy, Carbon Control, and Water Purification. Current climate models predict that global temperatures will rise sharply over the next century. The increase in temperatures can be slowed or eliminated by decreasing the amounts of greenhouse gases released into the Earth's atmosphere. Global Warming Solutions seeks to leverage its experience and management to help make a difference in the fight for climate control.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.
Contact: Global Warming Solutions, Inc., Houston Dr. Vladimir Vasilenko, 713-353-4676 IR*globalwarmingsolutions.com http://www.globalwarmingsolutions.com
-------------------------------------------------------------------------------- Source: Global Warming Solutions, Inc.
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Phone: 713-353-4676 Fax: 713-353-4601 Global Warming Solutions, Inc. develops and commercializes technologies that help mitigate Global Warming and its effect on our planet. The Company targets three areas that help reduce the extent of Global Warming and fight issues that have risen in consequence: Clean Energy, Carbon Control, and Water Purification. Current climate models predict that global temperatures will rise sharply over the next century. The increase in temperatures can be slowed or eliminated by decreasing the amounts of greenhouse gases released into the Earth s atmosphere. Global Warming Solutions, Inc. seeks to leverage its experience and management to help make a difference in the fight for climate control.
Disclosure Category Limited Information State Of Incorporation OK Jurisdiction Of Incorporation USA Year Of Incorporation 1999 Company Officers Vladimir Vasilenko, CEO Alexander Koranaraki, COO Dmitry Kosynkin, CTO
SEC Reporting Status non-SEC Reporting Company Fiscal Year End 12/31 Estimated Market Cap 151,917,300 as of Sep 28, 2007 Outstanding Shares 61,755,000 as of Sep 6, 2007 Authorized Shares 100,000,000 as of Sep 7, 2007 Number of Share Holders of Record 86 as of Sep 6, 2007 Float 5,700,000 as of Sep 7, 2007 Current Capital Change shs decreased by 1 for 10 split Pay Date: Jul 6, 2007
Company Notes Formerly=Southern Investments, Inc. until 7-07 Transfer Agent Securities Transfer Corp., 2591 Dallas Pky. Suite 102 Frisco, TX 75034
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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IMake, there's a thread on this on the Hot stocks board and apparently a costly SPAM campaign underway. Be careful. (I'm sure you're already aware, just putting it out there...)
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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