IX Energy Announces Completion of Municipal Rooftop Solar System in Warwick, New York
June 16 2009 - 8:18AM
Marketwired
IX Energy Holdings, Inc. (OTCBB: IXEH) ("IX Energy"), a renewable
energy solutions company engaged in the design, marketing and
development of solar power and other renewable energy solutions,
announced completion and full operation of a 20kW solar system on
the rooftop of the Town Hall in Warwick, NY.
Michael Sweeton, Town of Warwick Supervisor, said, "The system
will meet the daily electricity needs of both the Town Hall and the
Warwick Senior Center," saving the town about $8,000 per year in
electric bills. The majority of the cost for installing the system
came through a $100,000 grant from the New York State Energy
Research and Development Authority. The town's contribution was
$70,000, and its anticipated payback on investment is less than
nine years.
"We are pleased by the completion of this project, which is an
extension of our plan to increase our efforts to deliver turnkey
renewable energy solutions into the government sector and to help
municipalities bring clean, green solar energy solutions to their
cities," stated Steven Hoffman, CEO of IX Energy.
The solar system, which was designed and installed by IX Energy,
provides approximately 20kW of clean electric power. The array
consists of 110 170-watt GE modules mounted on racks and one
Solexia 3 phase inverter, and a SolrenView data monitoring package
which will be displayed on a large LCD monitor which allows public
visibility of the solar system performance and solar energy being
generated for the Town Hall.
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 and development of solar power
systems and other renewable energy solutions to federal and
civilian agencies.
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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