After receiving the award to finance and construct an 18.5 megawatt solar power project for the island of Roatan, Honduras, via Letter of Intent with BPRE, ONYX Service and Solutions has just received the first executed Request for Change Order for the project. BPRE executed the change order to increase the size of the project to approximately 22 megawatts, utilizing an advanced new high efficiency panel rated at 330 watts. The original project specs called for the use of a 280 watt panel. The LOI was the first agreement between the parties for the project construction and precedes a Definitive Agreement that is expected before December 7 th of this year. The Definitive Agreement will detail all of the aspects of the project, to include schedule, costs and payments to ONYX, as well as panel and other equipment specifications.
Onyx Intends to use new advanced Optimum Solar High Efficiency 330 Watt Panel (shown with Optimum Solar staff) (Photo: Business Wire)Details of the new solar project can be seen at http://www.solar-stock.com/solar-diesel-reduction.html - a copy of the project schematics can also be downloaded from the site. The new high efficiency 330 watt panel is being furnished by Optimum Solar, which is ONYX’s premier supplier for solar construction projects. The new panel is manufactured to perform in the range of 17.5 to 17.9 percent efficiency. Located on the Asian continent, with direct access and trusted associations with multiple quality manufacturers in Shenzhen, Optimum Solar is an active player to expand ONYX’s focus on solar product development, solar product manufacturing, solar product sales and new solar technology acquisition and development.
More about Optimum Solar can be seen on ONYX’s website at: http://www.solar-stock.com/optimum-solar.htmlThe Onyx Service & Solutions mission is to manifest cutting edge energy technology, products, manufacturing advances and construction projects to successfully compete in a global energy marketplace, which includes General Electric (NYSE: GE), LDK Solar (NYSE: LDK), Trina Solar (NYSE: TSL) and First Solar (NASDAQ: FSLR). For more information on the Company see: http://www.OnyxService.com. About Onyx Service & Solutions, Inc. (OTCQB: ONYX) Onyx Service & Solutions, Inc. is a for-profit corporation that focuses on brilliant alternative energy solutions including medium to large-scale solar construction projects, cutting edge solar technology acquisition and development, new to market solar product development, advances in solar product manufacturing, worldwide solar product sales and creative financing expertise of alternative energy related projects. ONYX Service & Solutions Inc. is listed on the NASDAQ OTC exchange as an OTCQB tier company. OTCQB companies report to the SEC or a U.S. banking regulator, making it easy for investors to identify companies that are current in their reporting obligations. OTCQB securities may also be quoted on the FINRA BB. The OTCQB allows investors to easily identify reporting companies traded in the OTC market regardless of where they are quoted. 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. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50026163&lang=en