SOURCE: Atlantic Wind & Solar Inc.

Atlantic Wind & Solar Inc.

September 09, 2009 17:24 ET

Atlantic Wind and Solar Inc. Contracted to Carry Out a Renewable Energy Feasibility Study for the Morton Salt Company

MIAMI, FL--(Marketwire - September 9, 2009) - Atlantic Wind and Solar Inc. (PINKSHEETS: AWSL) is pleased to report that it has been contracted by the Morton Salt Company to assess the feasibility of producing electricity from renewable energy ("RE") at its major salt producing facility on the island of Great Inagua in the Bahamas. AWSL is excited to be involved in this project in light of its unbridled enthusiasm regarding the enormous potential to exploit the very rich Wind & Solar resources prevalent in the Bahamas and the entire Caribbean region.

About The Morton Salt Company

Having roots that date back to 1848, Morton Salt is an iconic United States company producing salt for food, water conditioning, industrial, agricultural, and road/highway use. Based in Chicago, the company is North America's leading producer and marketer of salt, with large quantities of the finest quality salt being produced at its major operations on Great Inagua, where it comprises the island's leading industry and employer.

... Taking Renewable Energy to the Next Level

In business for 161 years, the Morton Salt Company appreciates the value and power of Renewable Energy more than most: Its enormous salt production of over a million tonnes annually on the Bahamian island of Great Inagua has, by design, used both wind and solar power passively since operations began. In fact, without these two dependable sources of renewable energy, Morton's Inagua salt operations would never have been possible. Little wonder, then, that the Morton Salt Company is seeking to take its use of Renewable Energy to the next logical level, i.e. to harness these same limitless sources of energy for the production of electricity to power its Inagua operations, as well as addressing the energy needs of the community of Mathew Town, Capital of Inagua and headquarters of the Company's Inagua operations.

Atlantic Wind and Solar's I.R Director, Mr. Brent O'Connor commented, "We are especially excited because, should the feasibility study lead to implementation, it would be the first hybrid renewable energy system used to solely power any major manufacturing facility in the Caribbean, thereby verifying the RE potential for all to see and opening up many new possibilities for Atlantic's products and services in this region."

About Atlantic Wind and Solar Inc:

Through focused management, strong R&D, state-of-the-art proprietary technology, exclusive licenses, and joint ventures, Atlantic Wind & Solar Inc. is poised for rapid growth at the forefront of the massive global shift towards environmentally friendly, economical renewable energy. The Company is positioned to achieve significant inroads into key sectors of the annual $200 billion renewable energy boom that is accelerating across North America and around the world.

Since AWSL's June 2009 acquisition of Hybridyne Power Systems Canada, the Company has been actively pursuing a number of exciting RE projects that portend a successful 2009 with the achievement of several corporate milestones. The Hybridyne acquisition, followed by the formal Business Collaboration Agreement with wind turbine experts Centripetal Dynamics Inc. in July, has accelerated the pace at which Atlantic Wind and Solar Inc. is moving forward with its aggressive plans to gain market prominence in the exciting Renewable Energy industry.

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Shareholders and investors are strongly cautioned against placing undue reliance on information set forth in these communications in making any investment decisions concerning our securities.

The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission including the company's Annual Report, Quarterly Reports and other periodic filings. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Investor Relations Contact:
    Geneva Bancorp.
    Mr. Brent O'Connor
    +1 647 343-2549
    Email: Email Contact