Solar America Corp. (OTCBB: SOLX) announced today that it has executed a Memorandum of Understanding with Habitables Innca S.A. de C.V., the principal contractor for the San Nicolas housing project in Guadalajara. Under the terms of the Memorandum Solar America will be the exclusive provider of solar power and solar lighting solutions for San Nicolas project.
This residential project will reduce the carbon footprint of San Nicolas de la Primavera, a Guadalajara subdivision as well as showcase Solar America's innovative solutions. Solar America's alliance with Habitables Innca marks the expansion of the company’s efforts in Mexico, where Solar America is also participating in the Los Conejos housing project.
“Between Los Conejos and San Nicolas, our participation in the Guadalajara area is quickly expanding,” said Solar America CEO Robert Bludorn. “We are confident that our American solutions can be easily implemented throughout Mexico and Central America and look forward to continuing to build relationships in these countries.”
Mexico is looking to increase their use of alternative energy sources. Less than one percent of Mexico’s land area would need to be developed to power the entire nation, according to the Secretaria de Energia de Mexico, Mexico’s energy ministry.About Solar America Corporation Solar America Corporation intends to commercialize and distribute innovative solar energy products and solutions. Solar America intends to capitalize on its position in the alternative energy sector to develop cutting-edge solar technologies. Solar America common stock is traded under the symbol SOLX. For more information please visit www.solaramericacorp.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.