NEW YORK, NY--(Marketwire - Oct 23, 2012) - SunSi Energies Inc. ("SunSi") (OTCQB: SSIE), an international manufacturer, seller and distributor of energy products and solutions, today announced that it has entered into a strategic alliance with Commonwealth Energy Group, LLC ("Commonwealth"), a Pennsylvania-based energy consulting firm focused on the retro-fitting and installation of energy saving LED lighting systems. Commonwealth provides a wide array of services including the design and installation of new "green" energy systems, energy savings audits with payback analysis, assistance in obtaining tax rebates and credits from local municipalities on energy saving projects, as well as offering financing alternatives to facilitate new projects.
Since its inception in 2007, Commonwealth has serviced more than 600 clients, retrofitted over 15 million square feet with new lighting, delivered greater than 112 MWh in savings, and generated in excess of $10.0 million of tax incentives. Commonwealth's services cater to both domestic and international companies, some of which have included: Sandvik Steel, Standard Parking, Millwood Manufacturing, CHEP Manufacturing, Diversified Information Technologies, the New Jersey Railroad and Furmano Foods.
David Natan, SunSi's CEO, stated, "Partnering with Commonwealth will enable us to provide comprehensive, turnkey LED solutions to our customers. In addition to providing high performing LED lighting products, we can now offer initial energy audits and effectively guarantee the potential energy savings prior to installation. Furthermore, we will have the ability to assist our customers through the processes of generating and collecting tax savings and rebates with local utility companies and in the proper environmental disposal of their old lighting products."
Richard St-Julien, SunSi's Chairman, stated, "Commonwealth is a superb fit for SunSi. In today's competitive environment, customers are looking for a one-stop resource to provide complete energy solutions and services. Our vision is to serve our customers in this manner as a sole source provider." Mr. St-Julien further stated, "Commonwealth has a vast amount of expertise, a demonstrated track record, and an excellent reputation. Historically, they have used a large network of LED providers in their projects. Now by utilizing SunSi's high quality, competitively priced LED products, we firmly believe that Commonwealth will be able to generate many new opportunities for SunSi. In turn, we intend to incorporate Commonwealth's knowledge and service platform throughout our business segments."
Louis Evans, Commonwealth's CEO, stated, "We are delighted to enter into this agreement with SunSi having access to additional resources and competitive products which will expedite growth for Commonwealth. Our expertise will also provide great benefit to SunSi and we look forward to a long-term partnership."
About SunSi Energies Inc.
SunSi Energies is a global company whose products and solutions focus on renewable energy and improved energy efficiency. SunSi's subsidiary, TransPacific Energy Inc. ("TPE") has patented a technology which uses proprietary multiple component fluids that are environmentally sound, non-toxic and non-flammable. Custom formulated mixtures efficiently capture and convert heat directly from the heat source at temperatures ranging from 80° F to 1000° F. TPE's technology offers applications at broader temperature ranges than other energy recovery systems. TPE's systems in certain applications reduce operating and maintenance costs thereby significantly improving return on capital expenditures thus making the purchase of waste heat recovery systems which previously yielded nominal savings, economically viable.
SunSi is the exclusive distributor in the U.S., Canada, and Mexico of Light Emitting Diode ("LED") commercial lighting products and fixtures for a premier LED manufacturer, Lightsky. An LED is a semiconductor device which converts electricity into light. The LED light is considered "green" because of the absence of dangerous chemicals and an accompanying significant reduction in energy consumption depending on the application, from 50% to 70% of traditional lighting products.
SunSi is also a significant manufacturer and distributor of trichlorosilane ("TCS") in China. TCS is a specialty chemical primarily used in the production of polysilicon, which is an essential raw material in the production of solar cells for PV panels that convert sunlight to electricity. TCS is considered to be the first product in the solar PV value chain before polysilicon, and is also the principal source of ultrapure silicon in the semiconductor industry. For additional information regarding SunSi Energies Inc. or Transpacific Energy, Inc., please visit the companies' websites at www.sunsienergies.com, www.transpacenergy.com, www.lightsky-led.com or contact Richard St-Julien at (646) 205-0291.
About Commonwealth Energy Group, LLC
Commonwealth Energy Group, LLC ("Commonwealth") is a complete energy solutions company that provides commercial landlord and business owners with energy savings measures, government and utility company incentives and grants, as well as operating cost savings derived through efficient and alternative energy solutions. Commonwealth can plan, execute and fulfill projects of any size to reduce the number of steps thus providing a complete one stop/turnkey solution for commercial or industrial facilities. This means a well-managed project, a single source of contact and a project that will work within a company's budgetary constraints and generate very significant savings over the life of a project. Commonwealth's network of energy partners and green energy technology solutions help Commonwealth to provide substantial improvements in energy efficiency to its clients.
For additional information regarding Commonwealth please visit the company's website at www.cwenergygroup.com
Except for statements of historical fact, the matters discussed in this press release are forward-looking. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects" or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the strategic alliance with Commonwealth will be successful in providing turnkey solutions to SunSi's customers which will result in significant LED revenue and (ii) other factors detailed in documents we file from time to time with the Securities and Exchange Commission, which are available at www.sec.gov.