SOURCE: SunSi Energies Inc.

SunSi Energies Inc.

July 11, 2012 09:00 ET

SunSi Increases Its Equity Stake in TransPacific Energy, Inc.

Expects to Acquire Controlling Interest by the End of July 2012

NEW YORK, NY--(Marketwire - Jul 11, 2012) - SunSi Energies Inc. ("SunSi") (OTCQB: SSIE) (PINKSHEETS: SSIE), a renewable energy company and a provider of the specialty chemical trichlorosilane ("TCS") to the solar industry, today announced that it had increased its equity stake in TransPacific Energy, Inc. ("TPE") to approximately 45%. On April 19, 2012 SunSi entered into an agreement to acquire a 51% controlling interest in TPE. The Company expects to acquire the additional equity necessary to reach the 51% threshold by the end of July 2012.

TPE's proprietary heat recovery and energy conversion process uses multi-fluids to maximize heat recovery and efficiently convert waste heat directly into energy. TPE's systems efficiently convert waste heat directly from industrial processes, solar, geothermal, biomass and landfill into renewable electrical energy. TPE also offers thermal storage and power generation using warm ocean waters and desalination. TPE delivers innovative solutions for a cleaner greener world and helps reduce global warming.

TPE Recent Developments

  • On June 25, 2012, TPE announced its selection as a member of a three-company consortium that will design, develop, install, and optimize a 1MW Thermal Solar-driven Organic Rankine Cycle (ORC) energy project in Morocco. This landmark project will feature TPE's unique technology.

  • On June 15, 2012, TPE entered into a non-exclusive distribution agreement with a SunSi subsidiary, Wendeng He Xie Silicon Co. Ltd ("Wendeng"), to distribute TPE's ORC technology in China.

SunSi plans to capitalize on the lucrative renewal energy market, which has a current estimated size of approximately $250 billion, through a series of synergistic acquisitions and by significantly growing the acquired companies. Leveraging its innovative proprietary technology, SunSi's acquisition of TPE is the first step in the Company's objective of gaining meaningful market share in this market.

It should be noted that the International Energy Agency (IEA) has just released 2 landmark studies and reports on renewable energy and the growth of solar. In the 182 page report on renewable energy, the IEA predicted a "40 percent world-wide increase of renewable energy usage by 2017." The agency estimates that the use of wind, solar, hydro and biopower will jump exponentially over the next five years as the world embraces renewable energy, reducing our dependence on fossil fuel. 

Richard St-Julien, Sunsi's Chairman, stated, "We are thrilled to be associated with a quality company such as TPE. We believe their technology has numerous worldwide applications and will become an important driver of our future growth that will benefit our shareholders." 

About SunSi Energies Inc.

SunSi Energies' objective is to become an international company whose products focus on the renewable energy industry as well related synergistic products. Currently the Company is a significant producer of trichlorosilane ("TCS") in China. TCS is a 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. Additionally, SunSi owns approximately 45% of TransPacific Energy, Inc., ("TPE") a U.S.-based renewable energy technology provider. For further information regarding SunSi, please visit the company's website at www.sunsienergies.com.

About TransPacific Energy Inc.

TPE's core heat recovery to power technology 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 100°F to 1000°F. TPE's technology offers applications broader temperature ranges than other ORC systems. Other ORCs must use a binary system or secondary heat transfer loops to recover waste heat resulting in significantly lower heat recovery efficiency, lower output power, and increased costs. TPE's advanced technology does not use cooling towers but employs either air-cooled or water-cooled condensers. TPE's systems reduce operating and maintenance costs and provide good return on investment rendering systems economically viable. Please visit their web site to learn more. www.transpacenergy.com.

Forward-Looking Statements

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) TPE being accretive to SunSi earnings in 2012 (ii) competitive viability of TPE's technology, (iii) our ability to leverage markets in China for the TPE product, (iv) integration issues following the acquisition, (vi) raising sufficient capital to acquire TPE and (vii) other factors detailed in documents we file from time to time with the Securities and Exchange Commission, which are available at www.sec.gov.

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