This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Synthesis Energy Systems Forms New Business Unit To Sell Equipment And Services To The Global Distributed Power Market

HOUSTON, June 13, 2013 /PRNewswire/ -- Synthesis Energy Systems, Inc. (NASDAQ: SYMX) ("SES"), a global energy and gasification technology company, is forming a new business unit to help deploy its technology, equipment and services for the distributed power generation market – a business unit that SES believes has potential to grow into a half billion dollar business once fully developed over the next three years.

The new SES business unit will focus on partnering with established companies currently serving global power markets with power generation technology, engineering, equipment and construction services.  This is consistent with the announcement earlier this week whereby SES will focus on its 'capital-lite' approach to accelerate the commercialization of its patented gasification technology.

SES believes that deploying its technology for power generation provides an important combination of technologies that enable existing gas turbine and gas engine power generation equipment to tap into a large, new and economical fuel source by utilizing SES' unique ability to convert low-cost coals, coal wastes, municipal wastes and other biomass waste materials into clean syngas for use as a fuel for power generation. 

Because of SES' extremely wide feedstock envelope combined with lower capital cost, lower water consumption and lower operating costs as compared to conventional gasification technologies, regions of the world where clean, low-cost electricity has not previously been possible will have access to reliable power generation plants that are appropriately sized to meet local electricity needs with significantly lower fuels costs. SES believes that a large, untapped market opportunity exists in regions that lack adequate access to natural gas or are dependent on high-priced liquefied natural gas (LNG), fuel oil and conventional thermal coal fuel sources and that lack the necessary gas pipeline or adequate power grid infrastructure to support expensive and large-scale LNG, fuel oil or coal fired power plants.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs