Falken Industries Ltd
OTC Bulletin Board : FLKI

Falken Industries Ltd

August 23, 2011 09:30 ET

FALKEN Industries Launches New Clean Energy Innovation Initiative

FLKI is playing a leadership role in driving innovation in clean energy

TRENTON, NEW JERSEY--(Marketwire - Aug. 23, 2011) - Falken Industries Ltd (OTCBB:FLKI), today launched its EcoPledge Energy Innovation Initiative. The $1.8-million program internally financed in large part from expected grants and partnerships with its global distribution network, will invest in pointed research, development and demonstration projects for clean energy technologies that will create high-quality products or enhancements for FLKI's global markets. The company is an industry leader in the conception and design of at least 160 products and has a similar number in pipeline.

"Our shareholders gave our Company and its management a strong mandate to emphasize our strengths during the period of global economic recovery and to focus on continued product development and growth," said Manuel Garcia, communications officer. "Support for clean energy technology is an effective way to both reduce emissions and create high-quality products for our worldwide distribution and customers."

"FLKI is playing a leadership role in driving innovation in clean energy," said Garcia. "Support for the research and development phase through to the demonstration stage is integral to bringing cutting-edge FLKI technologies to market."

FLKI believes that its action plan will promote product enhancement and distribution through investments in clean energy technology where it already enjoys a leadership position. The EcoPledge Energy Innovation Initiative will advance FLKI's energy technologies that produce and use energy in a cleaner and more efficient way. Selected projects will focus on research, development and demonstration in five key areas: energy efficiency in buildings, communities, industry and transportation; clean electricity and renewables; bio-energy; including research and development of electric vehicles; and unconventional oil and gas supports.

About Falken Industries Ltd:

Falken Industries Ltd (OTCBB:FLKI) is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards.

SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." Such statements are subject to risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

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