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SolarBrook Acquires New Technology
SolarBrook Water and Power Corporation (OTC: SLRW.PK ) a developer, manufacturer and marketer of water quality and clean power products, announced today the acquisition of a new technology that uses solar power and a steam turbine system to produce electric power. The new technology was acquired in a stock transaction.
Raleigh, NC (PRWEB) February 2, 2009 -- SolarBrook Water and Power Corporation (OTC: SLRW.PK) a developer, manufacturer and marketer of water quality and clean power products, announced today the acquisition of a new technology that uses solar power and a steam turbine system to produce electric power. The new technology was acquired in a stock transaction.
The patent pending technology consists of a solar power generating system, a steam generating device, and two generators. Robert King, the developer of the solar assisted turbine system, will join the SolarBrook Water team and manage its newest division.
Mr. King will be responsible for developing a sales and marketing program, implementing cost control programs, managing the day-to-day operations of the division, in addition to conducting research and development for additional applications of the new technology. Mr. King brings outstanding experience with a strong background in gas, electric, and steam utilities.
"We are very enthusiastic about this new technology and the addition Mr. King to our team," commented George Moore, CEO of SolarBrook Water. "The acquisition of this technology is in line with the business strategies we've put in motion to provide new technologies, products and services that offer appealing solutions for world wide delivery of clean energy for both on and off grid applications."
About SolarBrook Water and Power Corporation:
SolarBrook Water and Power Corporation, headquartered in Raleigh, North Carolina, maintains a core focus of seeking out synergistic acquisitions that will provide capital appreciation and income for its portfolio companies. The mission of SolarBrook is to acquire and develop innovative technologies and businesses that will improve the quality of water throughout the world by means of detection, treatment and removal of contaminants. Solarbrook also seeks to provide integrated clean power alternatives for remote and off-grid systems, further expanding market potential.
For more information, please visit www.SolarBrook-Water.com
Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact:
Solarbrook Water & Power Corporation
Investor Relations
919-415-1716 Ext. 1210
investorrelation (at) solarbrook-water.com
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