SOURCE: Tarsier Ltd.


March 03, 2016 17:50 ET

Tarsier Enters Into Joint Venture for Philippine Energy Projects

100 Mega Watts of Power Planned for 2016

NEW YORK, NY--(Marketwired - March 03, 2016) - Tarsier Ltd. (OTC PINK: TAER) announces that it has formed a Joint Venture with Novosol Power, for the development, ownership and operation of energy generation projects in the Philippines. Novosol's seasoned management and development team has spent the last five years developing projects in the Philippines, Europe, and Africa. Tarsier Innovation will oversee project development and arrange financing. Tarsier will also employ its patented T-Flow Energy Management Software Platform, which allows operators the ability to manage, regulate, and control energy flow in real-time. The 1st phase of the Joint Venture is the installation of 100 MW's of gas fired power plants, which the electric output has been contracted for via a PPA by a Philippine Utility for 10 years, resulting in $65 million reoccurring yearly revenues. In addition to Novosol's 50% interest in the JV, Novosol will receive 1 million shares of Tarsier stock upon commercial operation of Phase 1 projects.

"The Philippines is experiencing robust growth and the electricity market is struggling to keep up with the demand for more energy. With the implementation of these projects Tarsier and Novosol will help to manage that demand and support the growing Cities consuming this energy. We are pleased to have a strong partner in Novosol and excited to be working with the broader Novosol family, who we believe could be great partners for Tarsier in the further development of our Smart City business globally," said William May, President of Tarsier Innovation Ltd.

"We are very excited about our Joint Venture with Tarsier. With their capital market, energy management and intense focus on innovation and Smart Cities, we know we have chosen the right partner to help us effectively execute our development portfolio in the Philippines. The Philippines is just the tip of the iceberg and we look forward to working with them in additional markets in the not too distant future," said Robert Bucher, CEO of Novosol Power.

About Tarsier Ltd.

Tarsier Ltd. is an Energy, Energy Savings, Smart City and Big Data Solutions Company headquartered in New York City. Tarsier will be expanding its current demand response, battery storage and energy management initiatives by expanding marketing efforts of its proprietary T-Flow Energy Management Software. In addition, Tarsier Energy, will enter into the energy re-selling market and will offer both commercial and residential customers added-value by providing them with opportunities to increase the efficiencies in their facilities and homes, through the implementation of energy saving products such as LED lights, Home Automation Products, Back-Up Batteries and Energy Control Systems that reduce consumption without noticeably changing consumption habits. Tarsier Innovation, Tarsier's Smart City division is developing a number of projects in cities around the world. If successful, these projects will result in the creation of new power plants, "smart" streetlight upgrades in major cities, and energy and data management projects that safe energy and showcase Tarsier's growing capabilities. For more information on Tarsier please visit the Company's web site at

About Novosol Power

Novosol, a worldwide developer of energy projects, was spun off from the Khouri Group and FK Construction , family owned companies. The Novosol FK portfolio of distributed power technologies includes diesel and gas reciprocating engines, gas turbines and solar panels. Novosol distributed power systems are defined as 25-100 megawatts (MW) aero-derivative gas turbine modular power plants with 20% incremental power through the integration of advanced heat recovery systems using modular organic Rankine cycle (ORC) power turbines. As a standard package they are suitable across a range of applications.

Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Tarsier Ltd.( the "Company") that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believes," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. The Company cautions you that any forward-looking information provided by or on behalf of the Company is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. The Company's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond the Company's control. In addition to those discussed in the Company's press releases, public filings, and statements by the Company's management, such statements may include, but are not limited to, the Company's estimate of the sufficiency of its existing capital resources, the Company's ability to raise additional capital to fund future operations, the Company's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match the Company's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. The Company does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

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