Solargy Systems Inc (fka SLGS)

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Solargy Systems Inc. developing high output solar panels

Last update: 9/28/2009 8:00:00 AM

FT. LAUDERDALE, FL, Sept 28, 2009 /PRNewswire-FirstCall via COMTEX/ -- Solargy Systems Inc. "SLGS-PK". Solargy Systems Inc has indicated it is developing high output solar panels of 500 watts and possibly as high as 1000 watts at the same cost of standard 200 or 300 watt panels. The new panels will be used in the firms existing solar farm power projects.

C M Nurse, CEO noted, "In the last few years there has been significant developments of solar panel technology, which individually has the potential to double existing panel output. Developments have been made in holographic film, hybrid panels and manufacturing efficiencies. Solargy has tasked its research team to review the state of panel technology and develop a model to integrate readily available technologies into a manufacturing process to develop solar panels to produce a minimum of 500 watts and optimally to get a 1000 watts per panel for ground mounted applications. The technology already exists. We simply have to aggregate it into a product and produce the panels, which we plan to do in our manufacturing plant, scheduled to be online for the third quarter of 2010."

"The net effect of high output solar panels of 500 to 1000 watts for each panel will be to reduce the area required for any solar panel installation by at least 50 %, thereby reducing the land cost and enabling faster return on investment."

Solargy Systems Inc, is a systems integrator of alternative energy technologies. Solargy Systems Inc already has power purchase agreements (PPA) totaling 30 MW and expects to secure additional PPAs in the months ahead. The technologies we use will provide solutions to the high cost of energy in emerging markets by selling and installing small power systems ranging from 1 MW for large commercial applications to 20 MW and larger hybrid systems by using combinations of solar and wind or waste and solar. The combinations we use will be determined by local conditions.