SOURCE: Sustainable Power Corp.

Sustainable Power Corp.

April 24, 2009 17:00 ET

Sustainable Power Corp. Settles Litigation With Redwood Consultants L.L.C.

BAYTOWN, TX--(Marketwire - April 24, 2009) - Sustainable Power Corp. (PINKSHEETS: SSTP) today announced that it settled all of the outstanding litigation between Sustainable Power Corp. and its affiliates, and Redwood Consultants L.L.C. and its affiliates. Terms of the settlement were not announced. Redwood Consultants L.L.C. previously acted as outside investor relations consultants on behalf of Sustainable Power.

"We are pleased to have this distraction to our ongoing operations behind us," said M. Richard Cutler, President and CEO of Sustainable Power Corp. "I am also pleased to report that the settlement was structured to substantially minimize any impact on our stockholders and the market for our securities, and in my opinion is very favorable to the Company. We can now focus our energy on building our ongoing opportunities in our core business."


Sustainable Power Corp. clarified that it has not reached formal agreement for the supply of energy related resources to Xstrata Nickel's Falcondo operations in the Dominican Republic. Although preliminary discussions were held with Falcondo at their Bonao facility in the Dominican Republic, no agreement was reached.

About Sustainable Power Corp.

Sustainable Power Corp. is an international green energy total service provider focused on environmentally safe power generation. The company has the exclusive rights in the United States to develop and manage a portfolio of green energy plants utilizing a renewable fuel source able to be produced from non-food feed stock. For more information please visit

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