SOURCE: Salamon Group, Inc.

September 12, 2012 17:59 ET

Salamon Group, Inc.'s (SLMU) Eco Energy Solutions Signs Contract With Australian Jim's Solar Company to Install Solar Power Systems in South Eastern Australia

LAS VEGAS, NV--(Marketwire - Sep 12, 2012) - Salamon Group, Inc's. (OTCQB: SLMU) and DayStar Technologies, Inc's. Eco Energy Solutions Australia Pty Ltd (EES) signed a contract with Jim's Solar, www.jimssolar.net.au, a wholly owned subsidiary of Jim's Building Maintenance Group, www.jimsbuildingmaintenance.com.au, to install residential and commercial solar power systems within South Eastern Australia. EES expects to complete up to an additional 1,500 installations per year as a result of this business partnership. Residential Solar systems for this area of Australia average $7,500 per system.

ECO's Managing Director, Mr. Garry Yost, said, "This is a great opportunity adding value to both our organizations. This agreement further expands our renewable energy market in Australia. We are excited to be working with Jim's Solar, a division of the Jim's Group, and are one of the largest, longest operating, and most experienced home service organizations in the world. Australia claims to have installed more grid-connect residential systems than any country in the world. Due to EES's recognized leadership in this geographic area, Jim's has agreed that we are best suited to provide the solar services they need in South East Australia."

According to the Australian Solar Institute, the goal is to keep Australia at the forefront of solar energy research and development. Australia installed solar is estimated at 368 MW of solar PV showing a growth of 350 percent over 2009 with 98 percent of the growth in residential grid-connected applications.

About Salamon Group, Inc.

Salamon Group, Inc., through its Sunlogics Power Fund Management Inc. division, is a solar energy project company specializing in the construction management and acquisition of renewable energy power projects. Sunlogics Power also looks to acquire assets and other companies in the solar and renewable energy space that are a strategic fit. Sunlogics Power is also a project-acquiring partner of Sunlogics Plc and its Subsidiary as well as other third party project developers, http://www.sunlogicspowerfund.com.

For further information about this release, contact William Nalley, The Orsay Groupe, Inc., #305-515-8077 and/or email: william@orsaygroupe.com.

SLMU cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management.

Contact Information

  • Contact:
    William Nalley
    The Orsay Groupe, Inc.
    305-515-8077
    Email Contact