Appointment of Nigerian Distributor (1564A)
January 27 2011 - 1:00AM
UK Regulatory
TIDMALR
RNS Number : 1564A
Alternative Energy Limited
27 January 2011
For immediate release
27 January 2011
Alternative Energy Limited
("Alternative Energy" or "the Company")
APPOINTMENT OF NIGERIAN DISTRIBUTOR
Alternative Energy Limited ("AEL") (AIM:ALR), the
Singapore-based green energy company, is pleased to announce that
it has entered into a distribution agreement with Erasmus
Engineering Limited ("Erasmus"), a Nigerian company, for the
distribution of its energy saving products, in particular its range
of eLumen and eLumen8 LED lighting, throughout Nigeria.
The distribution agreement is for an initial period of one year
but runs thereafter from year to year upon Erasmus achieving its
sales targets. Initial sales targets for 2011 have been set by the
parties in the distribution agreement at US$5,000,000 per
annum.
Erasmus is an active Nigerian, private civil engineering
company, founded in 1992. Since then it has engaged in a wide
variety of Electrical and Mechanical Engineering projects as well
as Control and Communication Engineering, Security, Civil
Engineering, Road Construction, Water Purification Systems and
other areas of Engineering.. Erasmus also provides Electrical
(Power)/ Mechanical and control systems engineering services to
architects, engineers, and private and public clients, including
the various government or quasi government bodies and oil
companies
In respect of energy, Erasmus has carried out many projects on
Power Transmission and Distribution and is currently engaged in
several major programmes of Solar Powered Street Lighting, supply
and installation of solar powered water purification system and
Civil Rehabilitation Works.
For the last year AEL has been working closely with Erasmus to
test its solar street lighting products in Nigeria with a view to
developing a proficient engineering capacity and market in Africa.
This cooperation has now resulted in AEL's lighting products
passing all tests required to achieve the SONCAP certification
necessary to import and market AEL's products in Nigeria.
Developing countries in Africa, which have abundant and
consistent sunshine, offer significant potential for the
development of the market in green energy products, and AEL
believes that its relationship with Erasmus will offer a solid
engineering base for the development of sustainable and practical
markets for its products in the African continent.
Alternative Energy has also secured full CE and ROHL
certification for its lighting products and will be stepping up
production to meet demand from the Nigerian clients introduced by
Eramus.
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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