SOURCE: Grid Cloud Solutions

August 12, 2011 16:30 ET

Municipality of Meaford Expands Into Renewable Energy With Grid Cloud Solutions

SAULT STE MARIE, ON--(Marketwire - Aug 12, 2011) - Grid Cloud Solutions Inc. (PINKSHEETS: GRDC) is pleased to report its progress with the Municipality of Meaford, Ontario. In March 2011, in response to a Request for Proposal, GRDC proposed the Municipality to deploy a four-fold energy strategy: 1. Conservation through demand side management of municipal, commercial and residential buildings; 2. Transformative technologies through the use of local feedstocks or waste for generation of power or biofuels; 3. Rooftop solar power from the municipalities rooftops totaling potential of up to 3 mW of power; and 4. Development of a green innovation culture within the municipality to support local entrepreneurs. In June 2011, company representatives met with the Municipality's council and officials and received approval to enter into negotiations with the Chief Administrative Officer (CAO) for the purpose of creating a Memorandum of Understanding for the deployment of the energy strategy proposed by Grid. Management is now in receipt of correspondence from the CAO that a final draft of the MOU has been added to the agenda of the next council meeting to be held on September 13, 2011 for final approval.

Grid Cloud's Chairman Dr. Luc C Duchesne, "The municipality of Meaford, with a population of 11,000, is an excellent test case for our community based service delivery system. There are thousands of communities of this size looking to engage meaningfully in the renewable energy industry and we feel this is a market opportunity that has been largely overlooked."

Grid Cloud Solutions Inc. offers comprehensive design, development and management services to the Biomass, Solar Thermal & PV and Wind energy industry. The Company brings decades of energy consulting experience to the marketplace. Management's approach is aimed at rapid growth through partnerships, mergers and acquisitions using management's connectivity in the marketplace and their ability to create linkages between different fields of application.

For more information please visit:

Disclaimer: 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 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:
    Tel. +1 954 707-3043
    Email: Email Contact