EGPI Firecreek, Inc. Subsidiary Arctic Solar Engineering, LLC Files for Patent
Patent Pending Design Creates Alternative Energy Solution
SCOTTSDALE, Ariz., Feb 08, 2011 (BUSINESS WIRE) -- EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce that their newest subsidiary Arctic Solar Engineering, LLC ("ASE") has recently filed a patent for their unique cooling fin design.
Arctic's patent pending cooling fins provide radiant cooling as part of an alternative energy solution. The cooling fins are a beautiful unique design that will function in the reverse process of a radiator, in order to cool a space. These cooling fins provide a significant amount of surface space which is required for radiant cooling without covering the entire ceiling of a structure. Additionally, the cooling fins are pleasant to look at and make an excellent architectural addition to any building.
The fins are also more efficient than traditional cooling plates and/or chilled beams typically used in radiant cooling applications, and are less costly. Due to the nature of ASE's patent pending design, the fins provide excellent cooling, while minimizing the issue of condensation frequently prevalent in radiant cooling applications.
Fred Sussman, CEO of Arctic Solar Engineering, stated, "Arctic Solar researches alternative energy solutions for the best applications in the marketplace. Because there is not one alternative energy solution that is right for every business need, our mission is to identify the best alternative energy solutions, and to create a system that will provide the energy the client needs, while generating a measurable return on investment for them. To date, our focus has been on Solar Thermal Energy, the most efficient technology for hot water and space heating applications. In the future, our portfolio will include every alternative energy solution that fits that criteria."
Dennis Alexander, EGPI Firecreek CEO, stated, "The recent filing of ASE's patent shows the seriousness and intent of our energy division when it comes to becoming a leading provider of alternative energy through Artic's Solar Thermal Energy System." He also stated, "We are extremely confident that over the course of the next several weeks, we will be able to provide a consistent level of business to this division."
About Arctic Solar Engineering, LLC
Arctic Solar Engineering, LLC integrates Solar Thermal Energy technology patented over 30 years ago by Daimler Aerospace in Germany. This technology is used throughout Germany, other parts of Europe, Asia and the Middle East. ASE's competitive advantage is product knowledge and knowledge of how water based energy systems work and can be successfully implemented to reduce an average building's energy consumption by up to 70%.
About EGPI Firecreek, Inc.
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the D.O.T. Construction and Intelligent Traffic System markets through South Atlantic Traffic, Inc. (SATCO) alongside its wholly owned subsidiary M3 Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers) and for oil and gas servicing business through its wholly owned subsidiary Chanwest Resources, LLC. EGPI Firecreek, Inc. is also looking to expand into alternative energy sources as well as industries in the energy field.
Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EGPI Firecreek, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EGPI Firecreek, Inc.'s filings with the Securities and Exchange Commission.
SOURCE: EGPI Firecreek, Inc.
CONTACT:
EGPI Firecreek, Inc. Public Relations and Shareholder Information Joe Vazquez, 754-204-4549 infinityglobalconsulting@gmail.com
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