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Share Name | Share Symbol | Market | Type |
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IX Energy Holdings Inc (CE) | USOTC:IXEH | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
The New Orleans Solar School Initiative, which aims to roll out solar to four New Orleans schools, is a project being led by Winrock International, Entergy, and Nike. Entergy, a local New Orleans utility, is taking the lead in the investment on the project to deliver clean energy back into the community of New Orleans. The project was initially made possible by a grant from Nike through proceeds it generated through a transaction of carbon offsets registered with Winrock's American Carbon Registry.
The 28kW grid-tied system, covering 6,634 sq. feet, will produce 37,000 kWh of solar energy each year and can be expanded to as much as 125kW. AGT will be responsible for the design and integration of the system while IX Energy will provide the electrical install, materials and balance of system. The project, scheduled to start in the first week of July, is expected to be complete by August.
Steve Hoffmann, CEO of IX Energy, said, "We commend groups like this on their leadership and continued proactive stance in developing and supporting renewable energy projects such as the New Orleans Solar School Initiative. It creates a valuable learning environment for students in the community to see how solar energy can be implemented, where the school becomes an example for teaching the importance of conserving energy. In addition, we are pleased to be working with AGT, whose products are well suited for this project."
AGT will also provide an interactive solar monitoring system to measure the daily, weekly, monthly and lifetime totals of energy generated in kWh. The visual display also tracks the impact the solar system is having on the environment in tangible terms including gallons of gas, dozens of light bulbs and pounds of coal, all off-set by solar energy.
"Renewable energy has become a global necessity," stated Michael Kornahrens, President of AGT. "Providing the products and installation is only the beginning. Educating children and adults alike on the importance of solar energy and how a photovoltaic system works is extremely important. Our solar data monitoring system enables us to look at the overall production of the solar system and show the environmental offsets made directly from the use of solar energy."
About Advanced Green Technologies
Advanced Green Technologies, an innovative renewable energy solutions provider, procures building-integrated renewable energy products. With 25 years of experience in the commercial roofing and building industry, AGT provides the products, designs and support for installations of the most advanced, cost effective, and efficient green solutions for customers. For more information on Advanced Green Technologies renewable energy solutions, contact 954 735 2641 or visit www.AGT.com.
About IX Energy Holdings, Inc.
Founded in 2006, IX Energy, Inc., the wholly owned subsidiary of IX Energy Holdings, Inc. is a renewable energy services company engaged in the design, marketing, development and financing of solar power systems and other renewable energy solutions to federal and commercial customers. In June, 2008, the Company entered into a non-exclusive agreement with Federal Prison Industries, Inc. ("UNICOR"), under which UNICOR provides the labor for assembly and production of solar panels for the Company, and the Company sells the solar panels to Federal customers. The agreement has a term of five years. For more information about IX Energy Holdings visit www.ixenergy.com.
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
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Company Contacts Corporate Communications Aspire Clean Tech Communications, Inc. Todd M. Pitcher 760-798-4938 Rubenstein Investor Relations Tim Clemensen 212-843-9337
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