Alternative Energy Partners, Inc.
OTC Bulletin Board : AEGY

Alternative Energy Partners, Inc.

September 24, 2010 16:51 ET

CEO of Alternative Energy Partners (AEGY) Responds to California's Licensing of World's Largest Solar Thermal Plant

MERRITT ISLAND, FLORIDA--(Marketwire - Sept. 24, 2010) - CEO Gary Reed of Alternative Energy Partners (OTCBB:AEGY), a provider of comprehensive alternative energy solutions, today responded positively to the week's news that California has licensed the world's largest solar thermal plant.

This week New York Times blogger Todd Woody reported that California regulators had licensed the Blythe Solar Power Project, a 1,000-megawatt complex to be constructed in the Mojave Desert. The power plant will not only reduce California's environmental impact, but result in significant job creation. The article also noted that, if the Blythe complex is approved by the United States Bureau of Land Management in October, it will be the first big solar project licensed and built on federal land. 

CEO of Alternative Energy Partners ("AEGY") Gary Reed says, "There is little doubt as to the strength and increasing appeal of solar thermal energy as an option for both governments and private organizations. The door is opening wider for states and the federal government to embrace the use of solar thermal energy, and an alternative energy provider, we support every step to make its use more commonplace."

The New York Times story reported that the Blythe Solar Power Project is designed to use parabolic troughs for solar energy collection. AEGY announced earlier this week that, through its subsidiary Sunarias (www.sunarias.com), it is developing advanced solar thermal collector trough technology with materials that would allow not only for reduction in cost and manufacturing efficiency, but in shipping speed. Ultimately, the new design would enhance the ability for those troughs to be easily transported to, and therefore incorporated in, solar thermal energy projects. In the press release earlier this week, Reed stated that preliminary indications were that the trough, which is AEGY's proprietary technology, may exceed 9000 BTUHs per trough. 

Reed says, "Massive projects like Blythe are the reason that it is important to innovate and improve on the design of a parabolic trough. AEGY is focused, not only on how to help incorporate alternative systems into daily life, but how to make it easier to do so. A trough [AEGY's proprietary trough technology] that not only improves efficient energy collection but may be manufactured at lower costs and transports well is what the industry has been waiting for."

About Alternative Energy Partners, Inc.

Alternative Energy Partners ("AEGY") is focused on sourcing, marketing and distributing renewable alternative energy solutions. Through its wholly owned subsidiary, Sunarias™ Corporation (www.sunarias.com), AEGY provides on-site solar-thermal energy systems that allow businesses to reduce energy costs. It also holds Shovon, LLC (www.shovon.com), provider of remote control energy managements. It is poised to enter the European alternative energy market through its subsidiary Skynet Energy Systems, Inc. Elan Energy Corporation, a newer subsidiary, will be responsible for integrating and coordinating energy products and services offered by AEGY. AEGY's goal is to offer a full portfolio of high-performance energy solutions for homes and businesses of all sizes. Alternative Energy Partners is publically traded on the NASDAQ OTC (OTCBB:AEGY). For more information please visit www.aenergypartners.com.

FORWARD LOOKING STATEMENT

This announcement is not an offer to sell any Alternative Energy Partners ("AEGY") securities. Offers for any given security are made only through applicable offering circulars and related supplements filed with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934. Certain statements contained herein and subsequent oral statements made by and on behalf of AEGY may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are identified by words such as "intends", "anticipates", "believes", "expects", and "hopes" and includes, without limitation, statements regarding AEGY's plan of business operations, product research and development activities, anticipated revenues and expenses and potential contractual arrangements and obligations. Forward-looking statements speak only as of the date of the document/oral statement in which it was made. In making any such statements, the person making them believes that his expectations are based on reasonable assumptions; however, any such statement may be influenced by factors that could cause actual outcomes and results to be materially different from those projected or anticipated. These forward-looking statements are subject to numerous risks and uncertainties. There are various important factors that could cause actual results to differ materially from those in any such forward-looking statements and are mostly out of the company's control. Among these are: general economic conditions, receipt of additional working capital, and acceptability of the company's products in the marketplace as well as other factors set forth in the company's SEC filings. Thus, AEGY disclaims any intent or obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.

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