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As much as I hate to say it, I don't think things are gonna change much until they get through the RS and get some decent financials. Hopefully they will have it all straightened out by the next quarter. Just my thoughts.
"Availability: April 26, 2010". I'm sure that used to say April 1.
Where is the Energizer®(Solar)Bunny here?
http://www.energizersolar.com/ - Powered by ICP Solar (ICPR)
I really thought they would pull out of their financial trouble they have been having. Guess they just couldn't pull up. But they will get a new start here hopefully. Have you heard anything on the reverse split time wise?
JMO, I could be wrong.
sounds like a pretty reasonable and accurate assessment to me
They fell behind schedule, probably one of the reasons why Sass stepped down. To much on his shoulders. Money problems are definitly a part of it since he loaned the money from his stock portfolio to the company. They have a new partner and CEO. And also a reverse split coming. I feel this company has potential, the stock will rise, but I don't feel that it will until sometime after the split.And it might drop a little further down from a lack of volume because of the news of the split. JMO, I could be wrong.
Energizer solar chargers are available from April 5th. Just found this on the homepage. They were originally announced by end of Feb.
Any comments?
You lost me. I am saying you take chances. This is one. That is all. The name of the game.We'll see what happens.
Adventure!??
I am married with a banker. If she would know everything here with ICP ...
At the very least, where is your sense of adventure? :)
I think Energizer,Coleman,& Epod say all that needs to be said.
I'm staying. I think they (ICPR) will prevail.
Ticks are better than yesterday. But the volume decreases.
So what´s to do?
It seems that alot of other companys still want to do business with ICP even though things have been tough(financially) for ICP. :)
PETERBOROUGH UTILITIES TO CONSTRUCT 10 MW SOLAR FARM
Opportunity for ICP Solar to Build One of the First Utility Owned Solar Projects In Ontario
MONTREAL, QUEBEC, CANADA – February 08, 2010 - ICP Solar Technologies Inc. (OTCBB: ICPR.OB, FRANKFURT: K1U.F), announced today, that EPOD Solar Inc. a British Columbia company (“EPOD Solar”) has entered into an agreement with Peterborough Utilities Inc.(PUI) to construct a 10 MW solar farm on Lily Lake Road in Peterborough, Ontario worth in excess of $30 million. Construction is expected to begin within one month. Subsequent to the closing of the previously announced transaction between ICP Solar and EPOD Solar, the PUI agreement shall be assigned to ICP Solar.
“ICP Solar is very excited about the potential opportunity to be a partner in this state of the art initiative to build a facility employing the latest in thin-film photovoltaic solar technology” said Mike Matvieshen Chairman and CEO of ICP Solar.
FOR INFORMATION CONTACT:
ICP Solar Technologies
Mike Matvieshen Chairman & CEO
250-491-8111
Peterborough Utilities Inc.(PUI)
Larry Doran, President & CEO
705-748-9301 ext 1280
About ICP Solar Technologies:
ICP Solar is a developer and marketer of solar panels, solar monitoring and power management solutions. Through the application of its own intellectual property and next-generation technologies, the Company aims to be the solar industry's innovation leader. For the past 20 years, ICP Solar has been a lead innovator in the consumer solar market and has now begun to apply that same innovation philosophy to the OEM, rooftop and power generation segment of the solar industry. Management at ICP Solar has over 50 years of experience in the renewable energy sector. ICP Solar markets its products under its sunsei® brand and in the solar charger category, is the global licensee of the Energizer® brand. The company's headquarters are located in Montreal, Canada with additional locations in the United States, Ireland, and France. Additional information may be found at www.icpsolar.com and www.energizersolar.com
About Peterborough Utilities Inc.
Founded in 1914, the Peterborough Utilities Commission (PUC) operated in Peterborough for more than 85 years as a not-for-profit organization. Restructured in 2000, the PUC became part of the Peterborough Utilities Group with a number of new companies established within the group including Peterborough Utilities Inc. which manages electrical generation and retail services. Today, Peterborough Utilities Inc. (PUI) operates several Electrical Generation facilities, provides Meter Service Provider (MSP) and Meter Data Management Agency (MDMA) services and manages Rental Services including water heater rentals and sentinel lighting rentals
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of ICP Solar Technologies Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.'s Annual Report for the fiscal year ended January 31,2009, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc. Accordingly; readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release.
Hi Stan, I have decided to stick it out. I feel EPOD Solar is bringing a lot to the table, and that ICPR has great contracts with Energizer and Costco. Also, I see their products in the largest retail outlet in Canada that has about 1100 stores. Given the prior connections of the new board of directors and the technology that Opti-Solar brings to the table, this new company will be a force to contend with. My opinion, of course.
I guess the big decision is stay or go? I am kinda new here, but I have not seen a good reverse split yet. I really like this company.
New Cusip number means new trading symbol.
"undergo a 20:1 reverse stock split of its shares of common stock"
Not good news. Hopefully the synergy created with this merger will increase shareholder value.
8K filed with the details...
"On January 28, 2010, ICP Solar Technologies Inc. (the "Company") entered into a Stock Purchase Agreement (the "SPA") with EPOD Solar Inc. , a company organized under the laws of British Columbia ("EPOD") and its wholly owned subsidiary EPOD Solar Industries Inc. ("EPOD Industries"), whereby the Company will (i) acquire all of the issued and outstanding shares of capital stock of each of Great Lake Solar Utilities Inc., a wholly owned subsidiary of EPOD Industries ("Great Lakes") and Optisolar Technologies Inc., a wholly owned subsidiary of EPOD ("Optisolar"), and EPOD and EPOD Industries, respectively, will sell same. In consideration for the EPOD Shares (the "Acquisition"), the Company shall issue to EPOD a total number of shares equal to 450,000,000 shares of its common stock pre-stock split, which will amount to 22,500,000 shares of its common stock post-stock split.
According to the terms of the SPA and in connection with the Closing of the Acquisition, the Company shall: (i) increase its authorized share capital to 800,000,000 shares of common stock; and (ii) undergo a 20:1 reverse stock split of its shares of common stock and change its CUSIP number (collectively the "Corporate Actions"). The Company shall obtain all required approvals and make all necessary filings pertaining to these Corporate actions including, obtaining shareholder approval, filing a Schedule 14C Information Statement and seeking approval from FINRA. The SPA, Acquisition and Corporate Actions were approved by the Company’s Board of Directors on January 27, 2010."
short term could be volatile with that RS but long term these two companies should be a great combo.
Losses in Germany till noon = 10 %.
We are soon back to all time lows! Some news from EPOD/ICP are
more than overdue!
I agree, an update from new management would be greatly appreciated at this time.
ICPR - Not too shabby today thus far imo! Up 13% ..
.101(1), .115(1), .129(1) X .1459(1), .15(2), .155(1), .185(2), .25(2), ..
*Nice support building above a dime! Imo
News from December 30, 09
ICP Solar and EPOD Solar Sign LOI for Potential Merger
Globe Newswire
December 30, 2009: 04:45 PM ET
MONTREAL, Dec. 30, 2009 (GLOBE NEWSWIRE) -- ICP Solar Technologies Inc. (OTCBB:ICPR) (Frankfurt:K1U.F), a developer and marketer of innovative, proprietary solar panels and products, announced that it has signed an LOI with EPOD Solar Inc. (OTCBB:EPDS) a Canadian based Company headquartered in Kelowna, British Columbia. EPOD is a vertically integrated solar energy company that develops and operates a portfolio of solar parks in Europe and North America. EPOD's business covers key phases of solar power business operations from panel manufacturing to power generation. It manufactures solar panels for deployment in its own solar parks and installs the solar panels through its internally developed expertise. EPOD also manufactures and sells solar parks to third party clients.
Strategic Partners
- Peterborough Utilities Inc. ("PUI") an Ontario, Canada based utility company owned by the city of Peterborough with whom EPOD has an option agreement to sell solar parks for over $32M;
- Northland Power, a Canadian developer, operator, and owner of power plants with 459 MW of power generating projects in operation or under construction and over 3,600 MW in development with whom EPOD has a binding term sheet in place for the installation of up to 73MW worth of solar parks and whereby Northland Power would contribute 55% of the build out costs;
- Aecon Construction, the largest Canadian publicly traded construction company (TSX:AER) with a market cap of over $800M, with whom EPOD has an MOU in place for the co-development of solar parks whereby Aecon Construction would be responsible for the construction activities and would contribute up to 20% of the equity needs of 20 megawatts of solar parks.
Manufacturing Capacity:
EPOD through its Opti Solar Tech Inc. subsidiary owns a 30MW solar panel manufacturing facility in Hayward, California which utilizes its proprietary amorphous silicon solar PV manufacturing technology and is working with the Canadian, Ontario and German governments in obtaining a grant and Loans for a solar panel manufacturing facility in Ontario ,Canada and Thuringen, Germany.
"ICP Solar's potential merger with EPOD Solar would represent a great opportunity for the shareholders of both companies and move ICP further along its new strategic direction. The senior management of both companies has many years of combined, complementary solar industry experience and the agreements that EPOD has in place with significant strategic partners should greatly assist the combined companies in benefitting from the significant growth of the solar power industry," said Sass Peress, CEO of ICP solar. "As well, we are still very committed to the consumer goods market and that this merger gives us far greater leverage in vendor supply arrangements than ever before."
About ICP Solar Technologies:
ICP Solar is a developer and marketer of solar panels, solar monitoring and power management solutions. Through the application of its own intellectual property and next-generation technologies, the Company aims to be the solar industry's innovation leader. For the past 20 years, ICP Solar has been a lead innovator in the consumer solar market and has now begun to apply that same innovation philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar markets its products under its sunsei(R) brand and, in the solar charger category, is the global licensee of the Energizer(R) brand. The company's headquarters are located in Montreal, Canada, with an R&D center in St. John's, Canada and additional locations in the United States, Ireland, France and UK. Additional information may be found at www.icpsolar.com, www.energizersolar.com and www.energizersolar.eu.
About EPOD Solar
EPOD Solar, Inc. ("EPOD" or the "Company") is a vertically integrated solar energy company that develops and operates a portfolio of solar parks in Europe and North America. EPOD's business covers key phases of solar power business operations from panel manufacturing to power generation. It manufactures solar panels for deployment in its own solar parks and installs the solar panels through its internally developed expertise. For more information about EPOD Solar, go to http://www.epodsolar.com.
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of ICP Solar Technologies Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.'s Annual Report for the fiscal year ended January 31, 2009, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc. Accordingly, readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release.
CONTACT: ICP Solar Technologies, Inc.
Sass Peress, President and CEO
Questions, questions questions ...
What does this mean for the shareholders? How does the deal look like? Has anybody any further informations?
ICP prevented - so it seems to me -bankruptcy! And now?
So they (ICPR)were absorbed so to speak?
Michael Matvieshen, 45, Chairman of the Board.Mr. Matvieshen became a director of the Company on January 13, 2004 upon the Company's acquisition of EPOD International Inc. and then Chairman of the Board on January 21, 2004.Mr. Matvieshen is the founder of EPOD and was its President since inception.Prior to founding EPOD, he was President of Wolverine Resources Inc., a large oil upgrading refinery owned by a large venture capital firm.Mr. Matvieshen has also served as Vice President of Gen5 Tech Corporation, which managed the construction, capital budgeting and startup of an oil upgrading plant in Alberta.Mr. Matvieshen has extensive experience in the industrial wastewater and industrial waste-oil treatment industries and has been in the technology business for the past fifteen years primarily as an entrepreneur and inventor.
ICP Solar and EPOD Solar (Canada) Enter Into Definitive Agreement
MONTREAL -- (Marketwire) -- 01/28/10 --
ICP Solar Technologies Inc. (OTCBB: ICPR) (FRANKFURT: K1U), a developer and marketer of innovative, proprietary solar panels and products, announced that it has signed a definitive agreement with EPOD Solar Inc., a Canadian based Company headquartered in Kelowna, British Columbia. Under the terms of the agreement, effective immediately, Mike Matvieshen takes the position of Chairman and CEO of ICP Solar, replacing Sass Peress who will remain as President of the solar consumer goods subsidiary and as a board member. "This is an exciting time for ICP Solar, as we continue to expand in our new strategic direction and Mike's experience in the solar energy utility sector will be instrumental in getting us there," said Sass Peress. "Bringing Mike on will allow me to focus on the consumer goods division and expand our product portfolio."
"ICP Solar is working with world renowned partners that have excellent brand name presence which we will be able to leverage for our Solar brand recognition programs," said Mike Matvieshen. "EPOD looks forward to working with ICP Solar's retail partners which are amongst the largest retailers in the world, as well as its strategic vendor and brand partners, to brand and market Solar power systems globally. Epod intends to do this through sale/lease programs and through long term power sales agreements for the full spectrum of customers from utilities to home owners," said Mike Matvieshen. "I am extremely excited about our combined future opportunities, and believe that we will be able to leverage ICP Solar's built-in network for future business development," said Mike Matvieshen
For further details of the merger please review the 8K and attached share purchase agreement on the SEC website www.sec.gov
About ICP Solar Technologies:
ICP Solar is a developer and marketer of solar panels, solar monitoring and power management solutions. Through the application of its own intellectual property and next-generation technologies, the Company aims to be the solar industry's innovation leader. For the past 20 years, ICP Solar has been a lead innovator in the consumer solar market and has now begun to apply that same innovation philosophy to the OEM, rooftop and power generation segment of the solar industry. ICP Solar's management has over 50 years of experience in the renewable energy sector. ICP Solar markets its products under its sunsei® brand and, in the solar charger category, is the global licensee of the Energizer® brand. The company's headquarters are located in Montreal, Canada, with an R&D center in St. John's, Canada and additional locations in the United States, Ireland, France and UK
Additional information may be found at www.icpsolar.com, www.energizersolar.com and www.energizersolar.eu
About EPOD Solar:
EPOD Solar, Inc. ("EPOD" or the "Company") is a solar energy company that develops and operates a portfolio of solar parks in Europe. EPOD's business covers key phases of solar power business operations from panel manufacturing to power generation. It manufactures solar panels for deployment in its own solar parks and installs the solar panels through its internally developed expertise. For more information about EPOD Solar, go to http://www.epodsolar.com, www.glsu.ca
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of ICP Solar Technologies Inc. to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in ICP Solar Technologies Inc.'s Annual Report for the fiscal year ended January 31, 2009, as filed on EDGAR at www.sec.gov. The risk factors identified in ICP Solar Technologies Inc. Annual Report are not intended to represent a complete list of factors that could affect ICP Solar Technologies Inc
Accordingly; readers should not place undue reliance on forward-looking statements. ICP Solar Technologies Inc. does not assume any obligation to update the forward-looking information contained in this press release
Michael Matvieshen Chairman & CEO 250-491-8111
No problem. Initially, I thought the same thing.
Yes, for the public EPOD. One company is public and the other is private (the ICPR connection).
What is the correct symbol for EPOD Solar at the OTCBB?
EPDS?
Different EPOD. This is the company we have dealings with.
http://epodsolar.com/site.php?id=30
The whole thing doesn´t make any sense.
EPOD has gone south since last July from $ 16 almost to Zero (0,35 cent at present!) They have really burned cash! And ICP does have financial problems, don´t they? A merger of these two? Where is
the advantage for both?
I am showing .0965 bid and .13 ask with volume of 62k. Last .13.
The Energizer products will be up in a couple of weeks.. Maybe someone is trying to get cheap shares. Hard to tell on low volume.
Losses in Frankfurt now 21,85 %! 0,065 €!
BID 0,06 today!??????????????
What´s going on here? Any explanations?
With a strong board of directors joining ICPR from EPOD, I get the sense that there is more in the works here. Could this be the beginning of a JV or a possible merger? ICPR has a very public face in the market, recognizable products but has been struggling with finances. A strong BOD with government and industry backgrounds and connections could result in a good "marriage".
Appears someone is taking a position or adding to their position, strong bid, yesterday and today!
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ICP Solar is a developer, manufacturer and marketer of solar cells, and solar cell based products and building materials. Through the application of next-generation technologies and use of proprietary intellectual design, the Company aims to be the industry's innovation leader. "For the past 20 years ICP Solar has led the consumer market through innovation, and we have now begun to apply that same philosophy to the OEM, rooftop and power generation segments of the solar industry," said Arlene Ades.
ICP Solar is currently developing a variety of new solar cell based products aimed at the Rooftop, OEM and consumer markets. ICP Solar is expanding its geographic focus with greater intensity in Europe and Asia-Pacific, and concerted efforts to gain retail market share in North America. Through partnerships with premier accounts such as West Marine®, Amazon.com™, Wal-Mart®, Conrad Electronics™ (Germany), LeRoy Merlin (France), Dick Smith Electronics (Australia), Costco®, and with its exclusive Coleman® branding license, ICP Solar's strategic plan calls for significant market expansion through these retail partners. It is also particularly focused in developing innovative rooftop solutions for the Californian and Spanish solar market, based on its patented thin film designs, as well as OEM automotive solutions for current customers such as Volkswagen, Winnebago, and Nissan.
ICP Solar's management has over 50 years of experience in the solar energy sector. The company currently counts over 55 team members, with headquarters located in Montreal, Canada, and additional locations in United Kingdom, USA, Ireland and France. ICP Solar intends to shortly follow this transaction with a further listing on the Frankfurt Stock Exchange. For more information about ICP Solar, visit www.icpsolar.com or contact Sass Peress at: speress@icpsolar.com or Tel: 514-270-5770 x105.
ICP Solar Website
Sass Peress
CEO of ICP Solar
Solar Blog
About Sass Peress
ICPR Press Releases
Thank you MaryKateAustin for the chart:
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