SOLI.pk ($2.14) Solei Systems, Inc. Announces Issuance of Patent on Tanning Technology
Tuesday, June 03 2008 - 7:00
SOLI $2.14 $0.54 (%33.75)
BOCA RATON, FL -- (MARKET WIRE) -- 06/03/08 -- Solei Systems, Inc. (PINKSHEETS: SOLI) (the "Company") announced today the issuance of yet another patent for its already patented LED tanning technology.
Light emitting diode tanning will virtually revolutionize the entire tanning industry. Semiconductor light emitting diodes (LEDs), until recently used mainly as simple indicator lamps in electronics and toys, have become as bright and efficient as incandescent bulbs. They have already begun to replace light bulbs in many applications, particularly those requiring ultra long life, durability, compactness, cool operation and/or directionality (e.g., traffic lights, automotive headlamps and outdoor displays).
Solei Systems' long-awaited UV LED tanning bed is planned to be unveiled later this year. The new technology reduces electricity and air conditioning consumption by approximately 80 percent. These energy savings, combined with "no more bulb changes," greatly reduce a salon's overhead and increases its profitability. In addition, the average life of an LED is about 100,000 hours instead of the typical 700 hours for a tanning bulb. This translates to about 20 years of use before ever needing to change the LEDs.
LED tanning also gives a much more consistent tan. The high demand for this new technology is anticipated to be overwhelming and the Company is initially only going to sell these new tanning machines to salons that have already purchased a spray tan or light therapy machine from the Company.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
Contact:
Solei Systems, Inc.
Phone: 561-962-4124
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