TSPG (.01) - hurricane & waste disposal play
TGI Solar Waste Disposal Systems Position the Company for Upcoming Hurricane Season
Staff Reporter
10:15am EST
(New York)--May 06, 2010--TGI Solar Power Group's (OTC:TSPG) recently broaden their portfolio of green energy and environmental services with their joint-venture agreement with Ekoplaz, a developer of industrial waste and clean-water treatment systems.
Hurricane Debris Removal
The Company recently signed a deal with Ekoplaz, a waste management company based in the Ukrainian, which has the technology to process pesticides utilization or domestic industrial waste in continuous operations. A plant can be implemented both in mobile and stationary formats, which can be beneficial for local debris recovery in hurricane and storm damage regions. Along with their mobility, these units also generate electricity, which could prove beneficial in disaster effected regions.
Oil Waste Disposal
Calls to the company have confirmed their Ekoplaz system can also be effective in the treatment and disposal of petroleum and other oil waste materials. The company is exploring options on how their Ekoplaz waste disposal system may be beneficial in the US Gulf region.
Under the agreement, TSPG will have the exclusive right to use Ekoplaz technology in North America, South America, and European Union.
Clean Water Treatment
Along with debris damage, another factor in disaster recovery is the issue of clean water. Recently, the city of Nashville experienced their worst flooding in history, while Boston was without fresh water from a major water-main break. In Oct. 2009, the company announced today that it has signed a sales and marketing agreement with Organic Products Solution Inc., a provider of clean tech solutions for water treatment facilities. OPS products are based on an environmentally friendly formulation that uses a proprietary naturally derived ingredient to super-charge cleaning and remediation in both industrial cleaners and wastewater treatment products.
Solar Division
Add in the agreement earlier this year with e2/Energy Solutions, LLC (e2), a regional Northeastern US integrator in commercial solar energy, lighting & HVAC installations, and you can see the company is beginning to put together the pieces for an integrated network of green energy solutions, and distribution.
In Nov. 2009, the company announced a partnership with Prime Solar SRL on two projects in Italy. The projects include 1.18 MW PV parks, both in Sicily, with a value of $6.3 Million.
The Company is currently traded on the Pink Sheet exchange, with around 180 million shares issued and outstanding. So, obviously this is a purely a 'speculative' green technology play. Based on recent developments the company could trade in the $0.10 to $0.15 range, or $18 to $27 million market-cap valuation, near-term.
{chart]stockcharts.com/c-sc/sc?s=TSPG&p=D&yr=1&mn=0&dy=0&i=t18480954142&r=7327[/chart]
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