Onyx Service & Solutions Inc (OTCQB: ONYX) is receiving international recognition for their breakout business model that is already producing multiple successes for the Company. United Press International, covering ONYX in its 2 nd story in less than a month, affirmed ONYX’s vision of lucrative solar power opportunities in Latin America and the Caribbean.
ONYX management has purposely taken a different course than most other solar companies, deciding to forgo competing against coal-fired electricity producers or depending on government subsidies to make a profit. After detailed research of the worldwide markets for power, ONYX management identified sectors that relied on costly diesel generated electricity as its target market – due to the opportunity for greater profit margins. The Company has focused primarily on competing in Latin America and the Caribbean, but international recognition has led to recent invitations for the Company to apply their business model in India and the Philippines.
“We see the solar industry developing much like the personal computer industry did. While there were many competitors in the beginning, those with the best developed business plans like Apple, Compaq, Dell, Toshiba, Sony and HP ended up winning very big,” stated ONYX President Malcolm Burleson. “This same type of development is beginning in the solar industry and we see our exclusive business plan already separating us from most of the rest of the industry – in a very positive way. We are in this to succeed and we fully expect to do so.”
ONYX has already been engaged to construct a new 22 megawatt solar power project in Honduras and the Company is actively developing solar power projects in Columbia and Panama as well as solar product distribution arrangements in Peru.Onyx Service & Solutions, Inc. aggressively acquires, develops and markets the most promising and potentially profitable energy projects and technologies possible. The Onyx mission is to manifest cutting edge energy technology, products, manufacturing advances and construction projects to successfully compete in a global energy marketplace, which includes GE (NYSE: GE), JinkoSolar (NYSE: JKS), Empresa Nacional de Electricida (NYSE: EOC) and CPFL Energia S.A. (NYSE: CPL).
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