Sector 10, Inc. Acquires 100% Of Solar Tracer Corporation
SALT LAKE CITY, Jan. 10, 2011 (GLOBE NEWSWIRE) -- Sector 10, Inc. (OTCBB:SECI) (Frankfurt:4RS1) has acquired 100% of Solar Tracer Corporation, an alternative energy R&D company seeking to capitalize on the $450 Billion global alternative energy market by developing Solar Tracer™, a low cost, high efficiency solar concentrator for national and international licensing and sale.
Solar Tracer Corporation contracted renowned satellite and microwave antenna engineer Eugene Augustin, President of Wireless Engineering, for the development of Solar Tracer™. Christian Tedrow, President of Solar Tracer Corporation said, "We choose to work with Eugene Augustin and his company, Wireless Engineering Corp, because of his outstanding success record in designing technological breakthrough products for the U.S. Navy, Hughes, Comtech, NATO, the government of Taiwan and many others. They have all sought the technology expertise of Eugene Augustin, a leading expert in the design of Microwave Antennas, components and satellite systems."
Tedrow went on to say, "Mr. Augustin's antenna designs are in current production and used on virtually every ship in the U.S. Navy. His antennas and rotary joints are on more than 2,000 Freedom Fighter aircraft. He helped design the Coastal Defense Radar System for Taiwan and the satellite TVRO systems for Hughes, Comtech and Boman. We are confident in Mr. Augustin's ability to bring 'Solar Tracer™' successfully to market."Pericles DeAvila, President of Sector 10, Inc., concluded, "We are very excited about acquiring Solar Tracer Corporation. We believe that Solar Tracer Corporation, with their experienced team and world class designer Eugene Augustin, is strategically placed to capitalize on the booming $100 Billion global solar market." Solar Tracer Corporation Solar Tracer Corporation, a Nevada corporation, is an alternative energy R&D company seeking to capitalize on the $450 Billion global alternative energy market by developing "Solar Tracer™", a low cost, high efficiency Concentrated Solar Power (CSP) collector. In terms of domestic applications, Solar Tracer™ will use concentrating solar power technology to capture energy from the sun and use it to provide hot water for homes. In terms of large, commercial applications, Solar Tracer™ will use concentrating solar power technology to capture energy from the sun and transfer it in the form of heat to run steam turbine generators which, in turn, produce electricity which is then sold to power grids. The company believes that Solar Tracer™ will exceed the performance of the current generation of linear concentrator systems. ( www.solartracer.com ) About Sector 10, Inc. Sector 10, Inc. is redefining the emergency response paradigm from centralized equipment staging to onsite pre-deployed resources to "Bridge the Survival Gap." Sector 10 has developed the most leading edge emergency response integration equipment available today. http://www.sector10inc.com . FORWARD-LOOKING STATEMENTS
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV