Solar America Continues Mexico Expansion With New Strategic Alliance
Solar America Corp. (OTCBB: SOLX) has entered into a strategic alliance with SolarMex Equipos Solares de Mexico (“SolarMex”), reseller of solar products and solutions located in Guadalajara, Mexico. The strategic alliance with SolarMex positions Solar America to profit from the anticipated growth in Mexico's renewable energy programs.
With resources 60% greater than those of solar leader, Germany, Northern Mexico is considered to have the world's third greatest solar potential, according to the Secretaria de Energia de Mexico. The Mexican government is recognizing this potential and encouraging growth. According to Renewable Energy World, by 2024 at least 35% of Mexico’s electricity could come from renewable sources, including solar. Mexico is also pursuing a research initiative with The National Autonomous University of Mexico to determine the country’s commercially feasible solar potential.
“Our strategic alliance with SolarMex gives us the ability to capitalize on the existing infrastructure and relationships built by SolarMex and its principals as we work to acquire additional projects in Mexico,” stated Robert Bludorn, CEO of Solar America. “I have been very impressed by product and market intelligence of SolarMex’s principals as we discussed their fresh ideas and ambition in regards to Mexico’s solar potential.”
“Though SolarMex was recently incorporated, its principals have been in the solar industry for years and have developed an extensive project portfolio in the Guadalajara region,” concluded Bludorn.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.
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