Onyx Service & Solutions Inc’s (OTCQB:ONYX) focus on Latin American projects has achieved another successful advance with a newly executed LOI to supply solar products to Seguridad Atlas ltda. (English: Atlas Security) of Bogota, Colombia.
“We are continuing to experience positives from our breakout business model. We are steadily capturing numerous deals, receiving multiple mentions of our Company in the international press and Bloomberg’s research has bolstered the future expectations of our target market,” stated ONYX president Malcolm Burleson.
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.
Along with the new Colombian deal, ONYX has already been engaged to construct multiple solar power projects in Honduras - one as large as 22 megawatts, as well as developing solar projects in Panama and solar product distribution arrangements in Peru.Onyx Service & Solutions, Inc. acquires, develops and markets the most promising and potentially profitable energy projects and technologies possible. Management has focused on benefitting citizens of Central and South America with energy alternatives to costly power options by achieving multiple business accomplishments there. 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).