About Onyx Service & Solutions, Inc. (OTCQB:ONYX)Onyx Service & Solutions, Inc. is a for-profit corporation that focuses on monetizing brilliant alternative energy solutions. 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=50030777&lang=en
While new construction projects are safely on the fast track in Latin America, Onyx Service & Solutions, Inc. (OTCQB:ONYX), is using this week to focus on supply agreements and monetizing new technology the company now owns due to its earlier acquisition of Southern Geo Power Corp. One of the new technologies that ONYX gained from the acquisition is named “eTessla” – a wireless power transmission product in development that is designed to eliminate the need for disposable or rechargeable batteries. Since ONYX is already a premier distributor for Hong Kong based Optimum Solar, management has engaged Optimum to finish the prototype designs of eTessla, procure manufacturing agreements in Shenzhen, China and ready the product for retail sales.
Each US Infantry soldier on a 72-hour mission in Afghanistan carries over 70 individual batteries. ONYX is out to lighten their load with their new eTessla. (Photo: Business Wire)“The eTessla name is a combination of Nicola Tesla’s name, who was the original inventor of this technology and the type of SS chip the technology uses”, stated ONYX president Malcolm Burleson. The new ONYX technology can be seen at http://eliminatebatteries.com. “If you’ve seen the charging pads you throw your cell phone on to charge without plugging it in, then you’ve seen this technology in its early infancy, which came out a few years ago. This technology has vastly improved in distance transmitted and power capabilities,” he added. “We expect the eTessla to be a very lucrative asset of ONYX. When you consider that the typical US soldier deployed on a 72-hour mission in Afghanistan has to carry over 70 individual batteries, you can see the immediate value the eTessla could contribute to the ONYX bottom line. Batteries make up 20 percent of the weight a Soldier carries in theater. An infantry battalion spends more than $150,000 on batteries per year, which is second in cost to munitions – and that is just one of the applications for the military. The eTessla is being designed for applications for commercial, residential and industrial uses as well,” added Burleson. “You can see why the eTessla is anticipated to be a real game changer for ONYX and the world as we now know it.” Details of the military specifications Burleson spoke of can be seen at http://www.OnyxNewsDirect.com For more information on the ONYX see: http://www.OnyxService.com The Onyx Service & Solutions mission is to manifest cutting edge energy technology, products, manufacturing advances and energy projects to successfully compete in a global energy marketplace, which includes Raytheon (NYSE: RTN), General Electric (NYSE: GE), Siemens (NYSE: SI) and Northrop Grumman (NYSE: NOP).