Hybrid Energy Looks to High Energy Solar Cells in Its Consumer Solutions: Energy Conversion to Double, Energy Costs to Half
July 14 2010 - 8:00AM
Marketwired
Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) is pleased to
report independent advances in solar cell research have virtually
doubled the conversion ratio of sunlight to energy, thereby
significantly reducing the effective cost of its solar energy
solutions and the cut payback time frames in half.
Researchers at the University of Texas in Austin and the
University of Minnesota in Minneapolis have discovered a process
that can be used to increase the conversion efficiency of solar
cells up to 66%; up to twice as high as current levels, which
rarely exceed 30 percent.
This new process uses quantum dots to slow down the cooling
process of hot electrons and then captures and transfers them. This
allows the addition of energy that is currently lost as heat in
conventional solar cells.
These and other positive advancements in solar Photovoltaic (PV)
and Solar Thermal technology continue to bode well for the market
and its recently acquired Photovoltaic (PV) and Solar Thermal
technology. The Company recently announced a Development and
Distribution Agreement wherein KS IP Holdings, LLC (KS-IPH)
acquired exclusive development and distribution rights for specific
consumer applications of the Photovoltaic (PV) and Solar Thermal
technology previously acquired by HYBE. The five year agreement
calls for the payment to the Company of a minimum of $25 million
over the first five year term in a combination of fees and
royalties.
Hybrid Energy believes PV and Solar Thermal Market, particularly
for residential and commercial use, is a high growth sector that
promises to become a significant and vital energy option primed for
strong sales growth of the company's holdings and technologies. The
worldwide market for Organic Photovoltaic (OPV) and Dye-Sensitive
Cell (DSC)-based photovoltaics are expected to grow to $1 Billion
with the next five years; and the Solar Thermal market anticipates
46% annual growth rates over the next decade.
The Company has also announced the official launch of its
acquisition initiative to acquire technology and operational
protocols to successfully re-activate, recover, or rehabilitate
otherwise dormant or depleted oil wells. The initiative's focus
will be on the extraction and profitable recovery of 'heavy oil'
reserves from existing wells not in active production.
The Company's foundation-building Phase I strategic plan called
for traditional and proven fuel production acquisitions to
establish revenues and assets. Building on its success, the Company
launched Phase II of its growth strategy and began its transition
to alternative and renewable energy and technology revenue
models.
The Company successfully established a strong and growing asset
based of clean energy producing assets with strong recurring
profits and cash-flows. The company is assessing the acquisition of
several new assets, operations and technologies and encourages
further technology submittals and developmental joint ventures
through the Merger & Acquisition portal at
www.HybridEnergyHoldings.com.
About Hybrid Energy Holdings
Hybrid Energy Holdings (HEH) acquires and operates profitable
energy companies with strong historical cash-flow and sustainable
profitability. The Company acquires sector-specific technology and
assets as part of its Phase II Clean Energy Initiative. HEH's prior
foundation building acquisitions focused primarily on traditional
and proven fuel production has transitioned its growth strategy to
adding the latest in energy conservation, reclamation, and power
co-generation technologies. HEH may acquire nascent energy
technology or rights as portfolio enhancing assets. HEH's primary
business strategy is the acquisition of diverse, profitable energy
related assets that provide synergistic profits and revenue
enhancements across all portfolio companies.
HEH believes its combination of profitability and mitigated-risk
funding structures provides long-term shareholder equity
appreciation.
The company maintains its web site at:
www.HybridEnergyHoldings.com
Safe-Harbor Statement
This release contains statements or projections regarding future
performance that are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those projected as a result of certain
risks and uncertainties. The company's filings contain various RISK
FACTORS (and are incorporated on the Company's website "Investors"
section by reference) and should be read before any investment
decision.
Contact: Investor Relations Tel: +1 (775) 636-7602 Fax: +1 (775)
996-7330 info@HybridEnergyHoldings.com
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