ONYX Making Plans To Accept Invitation To Compete In Philippine Energy Market

Onyx Service and Solutions Inc. (OTCQB:ONYX) announced today that management will be focusing on opportunities to integrate their new Plug-N-Play panel and breakout business model into the Philippine energy market, due to recent developments in the US allied nation.

Tetchi Capellan, founder and spokesperson of Philippine Solar Power Alliance noted that current government plans for increasing energy supply give no attention to the role that ordinary consumers can contribute in increasing the capacity in the Luzon-Visayas grid. The new Plug-N-Play product may be the an opportunity to quickly solve this missing part of the plan.

“(The Plan)…took no notice of the thousands of roofs in urban locations that can accommodate solar systems. If only 10 percent of the rooftops in Metro Manila, Cebu, Davao, General Santos, and other cities install solar kits, daytime consumption can be covered by solar energy,” Capellan said. “Government can save P1.2 billion as solar displace the expensive diesel-fired power plants.”

“Because of the easy installation designed into the new Plug-N-Play panel, this product could be ideal to immediately solve the 10 percent issue – or even contribute much more,” stated ONYX President Malcolm Burleson. “After receiving positive international press on the ONYX business model, we have been invited to explore business in the Philippines. If we can find a lucrative way to position the Company there, we plan to take full advantage of it.”

The Plug-N-Play panels that Burleson is speaking of is model number OSPP330-1 and number OSPP330-2. The OSPP330-1 consists of a 330-watt panel, an incorporated micro inverter and standard AC power outlet plug. The OSPP330-2 is identical, with the exception of having a high-capacity lithium battery incorporated into the unit.

What really makes the new Plug-N-Play panels such a game changer in the solar industry is that they are designed for the large “Do-it-Yourself” market. You can literally point the panel at the sun and plug an extension cord directly into the panel for immediate power – alleviating complicated wiring and typical installation requirements.

If you liked this article you might like

[video] Quick Take: Cramer on Mergers and Markets

Top Takes From RealMoney

Top Takes From RealMoney

Health Winners & Losers: Onyx

Health Winners & Losers: Onyx

This Week's Barron's Roundup

This Week's Barron's Roundup

Cramer: Find the Next Dendreon

Cramer: Find the Next Dendreon