SOURCE: SNM Global Holdings

September 16, 2010 10:51 ET

SNM Global Accelerates Hydrokinetic Energy Projects: Hydrokinetic Energy Is 50-100 Times More Cost-Efficient Than Wind or Solar

LONDON--(Marketwire - September 16, 2010) -  SNM Global Holdings (PINKSHEETS: SNMN) announced it has accelerated the development cycle and will be adding a number additional product solutions and development projects in all five (5) of the Hydrokinetic Energy types: Wave energy, Tidal stream, Tidal barrage, Ocean current and River hydrokinetic.

Hydrokinetic energy generated from the ocean and rivers may grow by 22 gigawatts in the next five years, according to the Hydrokinetic and Ocean Energy Report from Pike Research.

The report projects that in the European Union alone, it's estimated that up to 10,000 megawatts in capacity could come to market by 2020, with the amount to grow to 200,000 MW by 2050. In the U.S., by 2025 it is feasible to add 23,000 MW in hydropower resources, with the bulk coming in the oceans and tidal streams.

The report further suggests that ocean hydrokinetic energy is 50 to 100 times more cost-efficient than wind or solar. Also, a number of hydrokinetic energy solutions are particularly adaptable as solutions for emerging markets.

The Company recently announced the launch of first seven (7) of the Small & Micro Hydro Technology Development Projects resulting from its recent technology acquisitions from EQ-ip, a private technology and licensing holding company; and expects further announcements regarding additional technologies to be developed for preparation of commercialization and international distribution.

The Small Hydro Development Projects represent important technologies to assist emerging economies to leapfrog into sustainable and independent energy-production.

Access to electricity is one of the keys to development, as it provides light, heat and power for productive uses and communication. Today 1.7 billion people in developing countries do not have access to electricity, most of them living in rural areas.

Based on internal market projections and asset appreciation over the market cycle, the Company values the technology acquisition at $12,500,000, to be purchased through by the issuance of Preferred Stock. Redemption of the Preferred Stock is contemplated to contain several performance based terms relating to sales and market penetration, thus protecting shareholders and insuring equity appreciation.

The Company's acquired technologies and development projects will be integrated into the Company's MicroTechnology Transfer (mt2) Program and MicroEquity Partner Program; and will be introduced into SNM Global's distribution network for emerging market insertion and introduction.

SNM Global's MicroTechnology Transfer (mt2) Program and MicroEquity Partner Program enable the acquisition, development, and transfer of technologies that will provide for the betterment of society and provide the catalyst for emerging markets to leapfrog into the sustainable sectors that will drive the twenty-first century.

The Company encourages collaboration with public, private and institutional partners in all phases of the development and technology transfer cycle; and accepts submissions from both collaborative development, distribution and inventor partners through the Collaboration Portal on its new website at www.SNMNglobal.com.

About SNM Global Holdings
SNM Global Holdings (SNM Global) is a technology holding and development company that invests in, acquires, and develops Intellectual Property Assets and Operations in the Clean/Alternative Energy, Biotech, Water and Better Health & Living sectors adapted specifically for the emerging global markets.

The Company realizes revenues from the distribution of its technology, products, and solutions through its network of international agents and distributors and through the licensing of Intellectual Property through its innovative mt2 Program. The Company provides its International MicroEquity Partner program to our local partners in our target international markets. This program provides initial funding to a community building and life-enhancing organization. The Company sees profits through equity ownership and sales and distribution of its technology and solutions.

The company operates through its subsidiaries and various distribution partners worldwide.

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Contact Information

  • CONTACT:

    SNM Global Holdings
    100 Pall Mall
    Saint James
    London SW1Y 5NQ United Kingdom
    Tel Number: (44) 020 7096 0200

    Investor Relations:
    1-(321)-251-6082
    info@snmnglobal.com