PMEA - .022 - Great little solar company with news out today:
TORONTO, May 2, 2013 (GLOBE NEWSWIRE) -- PM&E, Inc. (OTC Pink:PMEA) announced today that company began formal tests of its heat storage application combined with its GEN 4 MPVS system. "When fully implemented this system would allow consumers to heat their homes and enjoy hot water literally free thanks to our application," concluded Jack Merck. This development also significantly increases expected revenue company will derive when product hits the market. The Company was working on this approach for a while and came to a point where energy storage system could be integrated into its flagship MPVS system, as part of its cooling mechanism. Since system is untested and not patented yet, company cannot disclose much, but what can be said that MPVS GEN 4 passive proprietary cooling system is now integrated with heat capacitor, vacuum based approach which in lab showed significant potential in storing ultra-hot liquids for substantial periods of time without significant temperature losses. As a second step in this initiative company is planning integration of fuel cell generator together with MPVS and storage application, so either heat storage or fuel cell generation could be offered to industrial clients using the system. Fuel cell generation is achieved through several proprietary techniques by splitting water molecule into hydrogen and oxygen using thin films of iron oxide. For retail clients energy storage will be most common. Industrial clients will be interested in both options. "We are very excited to begin the tests and will notify our shareholders about its results as soon as they come in and are carefully analyzed by our engineers," concluded Jack Merck.
O/S only 112 mil. - trades very thin.
PMEA develops industrial and consumer solar power applications.
PMEA believes its flagship products have significant advantages over the conventional competition.
PMEA believes that its innovative, patented solar panels will be producing up to 4 times more electricity and will cost about 10 times less to manufacture, than the comparable current flat photovoltaic panels used in existing and new solar power generation plants.
PMEA most recently announced it has begun developing a distribution network for its solar power generation panels to reach retail and wholesale customers in the Russian Federation and neighboring countries.
Solar is a very hot sector right now.
The stock is well below its 52 week high of 46 cents, extremely oversold and today's news should be the catalyst for a major bounce imo.
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