Grant from Singapore Government (1562A)
January 27 2011 - 1:00AM
UK Regulatory
TIDMALR
RNS Number : 1562A
Alternative Energy Limited
27 January 2011
For immediate release
27 January 2011
Alternative Energy Limited
("Alternative Energy" or "the Company")
GRANT FROM SINGAPORE GOVERNMENT
Alternative Energy Limited (AIM:ALR), the Singapore-based green
energy company, is pleased to announce that it has received a grant
of S$150 000 from International Enterprise Singapore to set up an
Overseas Marketing Office in Philadelphia, USA. This S$150,000
grant is to be offset against various eligible expenses incurred
before 31 August 2011 in the setting up of the US Marketing Office.
This grant is awarded under the Internationalisation Capability
Development Programme.
Alternative Energy is currently developing markets for both its
patented "eRoof" solar and wind energy generating systems and for
its range of energy saving products led by its LED industrial and
consumer lights.
The Company has already announced commercial distributorships in
the UK and Nigeria and intends to use the funding provided from the
grant to establish an office in the United States in order to
identify distributors for its products in the United States and
develop a market there. The present administration in the USA has
set the development of green energy sources and energy saving
devices as a high priority and is currently promoting the
development of the business sector in which Alternative Energy
operates.
International Enterprise Singapore is an agency under the
Ministry of Trade and Industry spearheading the development of
Singapore's external economy. It offers a wide range of assistance
programmes and resources to help Singapore-based enterprises build
internationalisation competencies in alliance formation, branding,
design, export, intellectual property and manpower.
About Alternative Energy
Alternative Energy Limited is headquartered in Singapore.
Through its team of Singapore-based engineers, Alternative Energy
has developed a number of technologies including its patented roof
based energy system, the eRoof. The Company is now producing its
third generation eRoof for commercial roll out. The Company is also
developing a number of energy saving technologies designed to
reduce power consumption, which will combine with its energy
generation systems to enable the creation of energy self sufficient
buildings.
'NOW THE WORLD HAS AN ALTERNATIVE'TM
For further information please see the Company's website:
www.alternativenergy.com.sg or please contact:
Alternative Energy Limited
Eric Goh, Director +65 9060 1355
Richard Lascelles, Director +44 (0) 20 7408 1067
Beaumont Cornish Limited
Nominated Advisor and Broker
Roland Cornish and James Biddle +44 (0) 20 7628 3396
Beaufort International Associates Limited
Kevin Feeny and Amanda Oliver +44 (0) 20 7930 8333
This information is provided by RNS
The company news service from the London Stock Exchange
END
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