ProGreen Properties, Inc. (“ProGreen”), (OTCQB-PGEI), announced in February 2011 that the company had signed a letter of intent with the Swedish company SolTech Energy Sweden AB (“Soltech”) relating to its proprietary and intelligent solar energy system. ProGreen is very pleased to announce that SolTech now is in the final stages of completing the development of a product that will be suitable and compatible with US roof construction. The product has been developed together with SolTech’s Asian partner and fulfills two functions in one, being both a roof cladding and integrated solar solution, producing electricity. This makes it, perhaps the first esthetically appealing solution for implementation of solar energy. ProGreen initially intends to try this product out on some suitable properties, with the intent, once properly tested, to implement this solar solution on all viable properties. ProGreen also intends to deepen its collaboration with SolTech in more areas of energy efficiency for heating and cooling of homes. Sweden has a long history of constantly developing new ways to improve energy efficiency in general and Soltech can today be considered, as one of the leading innovators in the solar industry in the Country. “We are very happy to have reached this point in our collaboration with SolTech and expect to further integrate SolTech’s technology in our home building here in the US over the coming years. Our goal has always been to be able to produce sustainable energy efficient homes with advanced integrated solar technology, and we now feel we can see the finishing line”, says Jan Telander, President & CEO.
They have been working on this deal since 2011!!! It's in the final stages!!! And with a 14M float updated March 8th and an OS that hasn't changed in years, Pennsylvania here we come!!!
Finally, this was found in the 10k that came out tonight:
our Chief Executive Officer, Jan Telander, agreed to invest $1,000,000 through the purchase of 97,751,710 shares of common stock for $0.01023 per share
CEO is willing to drop $1,000,000 at .01023!!! Monster in the making!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.