SOURCE: AquaCell Technologies, Inc.

March 24, 2008 08:00 ET

AquaCell Technologies Signs Distribution Agreement for Its Solar Powered Air Conditioner in Baja, Mexico

GreenCore Solar Air Conditioners to Be Sold in Mexico

RANCHO CUCAMONGA, CA--(Marketwire - March 24, 2008) - AquaCell Technologies, Inc. doing business as GreenCore Technology (PINKSHEETS: AQUA) announced today that it has commenced sales of its solar powered air conditioner in the Baja region of Mexico through an exclusive distributorship agreement with Common Sense Energy ("CSE"). CSE is a pioneer and leader in the solar installation industry having installed photo-voltaic systems throughout the United States and Mexico.

"We are excited to be able to sell what I believe is one of the most revolutionary products to be introduced to the alternative energy market," said Paul Munoz, President of CSE. "The Green Core solar air conditioner efficiently utilizes and capitalizes on solar energy, making it ideal for the numerous potential customers we have cultivated over the years in the Baja region."

Mr. Munoz concluded, "We believe we will be able to meet our commitment to purchase more than $15 million of GreenCore solar air conditioners required to maintain our exclusivity in the first year."

AquaCell's exclusive three-year agreement with CSE requires that a minimum of 5000 GreenCore solar powered air conditioners be purchased by CSE in the first year in order to maintain exclusivity, with escalating minimum purchase requirements in subsequent years.

Mexico's Baja region is one of the fastest growing areas of the country, yet has an unreliable electric grid. The distribution of the GreenCore's solar powered "off-the-grid" air conditioner in the Baja region will provide a positive impact for the environment through the potential reduction of the carbon footprint, and for the economy through the creation of jobs for local installation and service providers.

About AquaCell Technologies / GreenCore Technology

AquaCell Technologies, Inc. doing business as GreenCore Technology, Inc. is based in Rancho Cucamonga, CA. GreenCore develops, manufactures and markets "green" technology products. GreenCore is dedicated to helping conserve energy and natural resources while reducing pollutants and unwanted biological agents.

GreenCore is the world's only producer of a patented air conditioner powered by solar energy. The Company also manufactures earth-friendly water coolers designed to eliminate the energy required to produce and deliver traditional bottled water, as well as the waste generated in landfills.

About Common Sense Energy

Common Sense Energy is full service solar energy system and renewable energy provider serving both commercial and residential customers. With a background in environmental research, engineering, design and installation, and a combined 25 years experience in the solar industry, Common Sense Energy is working to help individuals and businesses become more energy independent and efficient through the use of solar power.

Using the latest solar energy technology, CSE creates solutions for commercial applications that fit the needs of your business, and ultimately save you money while greening the planet. From system design to tax credits and rebate analysis, Common Sense Energy insures you'll get a system that helps the bottom line while helping the planet.

Safe Harbor. Statement Under the Private Securities Litigation Reform Act of 1995.

Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; and our ability to use the most current technology for our products.

Contact Information

  • Contact:
    Karen Laustsen
    (909) 987-0456