Blue Earth Inc. (OTC-BBLU) News Update
SmallCapStockPlays Newsletter
Fellow Small Cap Investors, BlueEarth (BBLU) is a company engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. The company strives to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to their customers.
With many opportunities ahead for BBLU that will enhance the companys growth is the establishment and development of funding relationships with parties that have the capacity to develop and fund numerous solar PV projects.
This includes the development and financing agreement with Greenwood Biosar LLC, a joint venture company between Greenwood Energy and Biosar S.A.,to construct six separate solar projects totaling approximately 1 megawatt of DC in California valued at $4.2 Million.
Greenwood Biosar delivers turnkey installation services for solar projects, both distributed generation and utility-scale in size. Greenwood Biosar focuses on providing the highest quality EPC capabilities to its projects. Greenwood Biosar was created in 2012 through a joint venture between Greenwood Energy, a renewable energy investment firm, and Biosar S.A., an experienced EPC provider of over 200MW of solar installations throughout Europe.
BlueEarth (BBLU) is making strategic moves to aggressively expand and has begun the construction of the Sunvalley Projects which is expected to be completed no later than the first quarter of 2013. Greenwood Biosar will support Xnergy, Blue Earth, Inc.`s wholly owned subsidiary, in the development of the Sunvalley Projects by supplying PV panels and other balance of plant equipment as well as providing construction financing, with expectations of numerous other projects in the future.
If you have not yet already, read recent news below.
Blue Earth and Greenwood Biosar Close on Joint Development of 1MW of Solar PV Projects in California Valued at $4.2 Million HENDERSON, NV — (Marketwire) — 09/28/12 — Blue Earth, Inc. (OTCQB: BBLU), a renewable energy and energy efficiency services company, announced today that its wholly owned subsidiary, Xnergy Inc., entered into a development and financing agreement with Greenwood Biosar LLC, a joint venture company between Greenwood Energy and Biosar S.A., to construct six separate solar projects totaling approximately 1 megawatt of DC in California. These “Sunvalley Projects” consist of six solar PV systems, both ground mount and rooftop, to be installed for private businesses in southern California The construction of the Sunvalley Projects has already begun. It is expected that they will all be completed no later than the first quarter of 2013.
Greenwood Biosar will support Xnergy in the development of the Sunvalley Projects by supplying PV panels and other balance of plant equipment as well as providing construction financing.
“We are very excited to partner with Blue Earth,” said Camilo Patrignani, Director of Greenwood Biosar. “The Sun Valley Projects will be just the first of many with Blue Earth and Xnergy.” “We are delighted to establish a development and funding relationship with parties that have the capacity to develop and fund numerous solar PV projects.
We have also agreed to work together on 2MW of our Hawaii solar projects, with the expectation that we will work together on numerous others,” stated D. Jason Davis, CEO of Xnergy, Inc.
About Xnergy Xnergy is a full-service EPC (Engineering, Procurement, Construction) firm, which has engineered, installed, and/or commissioned nearly 100 MW of traditional and alternative energy systems. Xnergy provides a broad range of comprehensive energy solutions, including the design and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply and risk management. Xnergy serves private and public clients from all industries throughout California and helps them minimize their energy consumption and reduce their carbon footprint. For further information, visit www.xnergy.com About BBLU BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers. For more information about Blue Earth, Inc., please visit www.blueearthinc.com About Greenwood Biosar LLC Greenwood Biosar delivers turnkey installation services for solar projects, both distributed generation and utility-scale in size. Greenwood Biosar focuses on providing the highest quality EPC capabilities to its projects. Greenwood Biosar was created in 2012 through a joint venture between Greenwood Energy, a renewable energy investment firm, and Biosar S.A., an experienced EPC provider of over 200MW of solar installations throughout Europe.
Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company`s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company`s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company`s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company`s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Blue Earth, Inc.
John C. Francis www.blueearthinc.com 702.263.1808 Ext. 103 Email Contact Greenwood Biosar Camilo Patrignani www.gwbiosar.com 212.957.4433 ______________________________________________ More Updates to follow, Headquartered in Henderson, Nevada, Blue Earth is an energy efficiency and renewable energy services company. They offer products and services that will optimize energy use, reduce harmful environmental emissions, and substantially reduce energy costs to their customers.
Blue Earth, Inc. is focusing its efforts in the multi-billion dollar energy efficiency services sector of the clean-tech industry. The energy efficiency sector is comprised of several market segments including building efficiency, industrial manufacturing, alternative energy, transportation, etc. Energy efficiency companies, sometimes referred to as energy services companies, generally develop, install, and arrange financing for projects designed to improve the energy efficiency of buildings and other facilities.
Blue Earth engages in a mergers and acquisition strategy in the clean-tech industry. The company`s primary focus is acquiring companies and innovative technologies that serve the multi-billion dollar energy efficiency services and renewable energy market sectors.
Blue Earth`s targeted technologies normally include different measures designed for a specific customer or facility in their target market of small commercial businesses and residences to improve the efficiency of building systems (refrigeration, lighting and heating, ventilation, and air conditioning). The company`s management plans to accelerate the introduction of the acquired technology/products by offering and installing them by way of energy management service companies and manufacturers representatives that have an established base of customers at the local, state, regional, and national levels.
Castrovilla, a subsidiary of Blue Earth, is expanding their energy efficiency retrofit model into Southern California, Oregon, Washington, Nevada, Arizona, Utah, and Idaho. The business expansion will use the Blue Earth Energy Management Services (BEEMS) trade name. The expectation is that the Castrovilla expansion will generate more than $20 million in revenues and EBITDA in excess of $3 million in 2012.
Blue Earth has an agreement with Genesis Fluid Solutions, Ltd. (GFS), which has patented technology that removes different types of debris, sediments, and contaminants from waterways and industrial sites. The agreement is to receive a 6 percent royalty on all gross revenues derived from dewatering operations and the sale, lease, or licensing arrangements of the RDS and/or any of the dewatering boxes of their affiliates. This is until Blue Earth receives $4 million and a royalty of 3 percent of gross revenues; after that not to exceed a cumulative royalty of $15 million.
In addition, Blue Earth acquired the exclusive private label and manufacturing rights to a cutting-edge and patented lighting controls technology. The basis of the technology is on distributed intelligence that embeds a microprocessor to control the “Switch” inside a fluorescent ballast. The microprocessor controls each individual fluorescent tube in either “on/off” state using the existing wall switch to send instructions to the “smart ballast” that controls the on/off state of each tube.
Blue Energy also has their Xnergy acquisition. Xnergy provides a wide spectrum of comprehensive energy solutions. These include the design and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation, and energy supply and risk management.
Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company`s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company`s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company`s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company`s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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