Onyx Service & Solutions Inc (OTCQB: ONYX) announced their elation by being covered again today by the prestigious United Press International on ONYX’s new breakout business model in solar energy.
From the UPI article: “Colorado's Onyx Service and Solutions Inc. said it will install its newest solar energy project in Latin America, made up of Chinese-manufactured solar panels and associated equipment, at West Bay Lodge Project in Roatan, Honduras.
Onyx Management is also using Honduran personnel for the installation which fulfills a need for electricity supply expansion in the Central American country.
Honduras was severely affected by a coup in 2009 that triggered an international diplomatic, political and economic isolation of the country. Recovery has been slow despite assistance from the European Union and the United States.
The West Bay Lodge installation follows a deal reached in October to power the resort, part of the government's plan to regenerate the economy with tourism. The West Bay Beach is the most popular tourist destination on the Island of Roatan, and an international tourist destination.
Onyx said in deciding on the project it took a different course than most other solar companies, choosing to forgo competition against coal-fired electricity producers or depending on government subsidies to make a profit.”
The full article can be seen at:
ONYX is currently developing the construction of multiple solar power projects in Honduras, as well as developing solar projects in Panama and solar product distribution arrangements in Peru and Columbia.
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)