Sustainable Energy Technologies Ltd.

Sustainable Energy Technologies Ltd.

March 18, 2005 18:36 ET

Sustainable Energy Technologies Announces Grant of Options


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SUSTAINABLE ENERGY TECHNOLOGIES LTD.

TSX VENTURE SYMBOL: STG

MARCH 18, 2005 - 18:36 ET

Sustainable Energy Technologies Announces Grant of
Options

CALGARY, ALBERTA--(CCNMatthews - March 18, 2005) - Sustainable Energy
Technologies Ltd. (TSX VENTURE:STG), a leading developer of power
electronics for the alternative energy industry, today announced the
grant of 808,045 stock options to insiders with an exercise price of
$0.17 per share and an expiry date of five years. The Company announces
that the performance escrow agreement dated September 30, 1999 has
expired and that 2,000,000 common shares will be returned to treasury
and cancelled.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sustainable Energy Technologies Ltd.
    Michael Carten
    President and CEO
    (403) 508-6990
    (403) 205-2509 (FAX)
    Email: mcarten@sustainableenergy.com
    or
    Sustainable Energy Technologies Ltd.
    Phil Winters
    Marketing and Investor Relations
    (416) 830-6668
    (403) 205-2509 (FAX)
    Email: winters@sustainableenergy.com
    or
    Linear Capital
    Philip Williams
    (416) 364-2266
    (416) 364-2596 (FAX)
    Email: philip@linearcapital.com