SOURCE: IX Energy Holdings

IX Energy Holdings

April 20, 2009 11:52 ET

IX Energy CEO Comments on Outlook for Federal Market for Renewable Energy and UNICOR Solar Fabrication Facility

NEW YORK, NY--(Marketwire - April 20, 2009) - IX Energy Holdings, Inc. (OTCBB: IXEH) ("IX Energy"), CEO and founder, Steve Hoffmann, commented today on the outlook for the federal market for renewable energy under current and pending legislation, and IX Energy's non-exclusive teaming agreement with Federal Prison Industries ("UNICOR") which is established to deliver solar solutions to federal customers.

Hoffmann said, "Under the Energy Policy Act of 2005, the federal government has a mandate to increase its renewable energy use to 5% by 2010, and to 7.5% by 2013. And in the current administration, the appetite for renewable energy and energy efficiency in federal government buildings has only increased. Our agreement with UNICOR established a beneficial relationship with a government-owned manufacturer that will enable us to obtain solar panels assembled and produced in the U.S. for sales to the federal government, which is the single largest user of energy in the U.S."

UNICOR's 24MW photovoltaic production facility, which was built by Spire Corporation, manufactures PV modules for the federal marketplace and is located at the Federal Correctional Institution in Otisville, New York. Under UNICOR's Rehabilitation Program, technical training and skills are developed specific to the solar industry that will support future employment. The Solar Energy Industry Association reports that the U.S. solar industry is expected to support more than 440,000 permanent, full-time jobs by 2016.

"We are pleased with the recent launch of UNICOR's production facility," added Hoffmann, "and we look forward to working with UNICOR to deliver its solar modules into the federal market. We are seeing an acceleration of opportunities at the federal level. In just the first week of April, solicitations for solar projects have been announced by the Department of Veterans Affairs, the Department of the Interior, the Department of the Army, and the General Services Administration."

About IX Energy Holdings, Inc.

Founded in 2006, IX Energy, Inc., the wholly-owned subsidiary of IX Energy Holdings, Inc. is a solar renewable energy solutions company engaged in the design, marketing and development of solar power systems and other renewable energy solutions, primarily to federal and civilian agencies.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact 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 unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements with the terms "believes," "belief," "expects," "intends," "anticipates," "will" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.

Contact Information

  • Company Contacts

    Corporate Communications
    Aspire Clean Tech Communications, Inc.
    Todd M. Pitcher
    760-798-4938