SOURCE: Transact Energy inc.

Transact Energy inc.

September 23, 2010 06:00 ET

TransAct Energy's New Joint Venture Secures $5 Million Purchase Order

TransAct Sub to Produce Military Grade Solar Chargers

SAN ANTONIO, TX--(Marketwire - September 23, 2010) -  TransAct Energy, Corp. (OTCBB: TEGY) today announced that its new joint venture, operating under the name "TransAct Solar Products," has its first order for a "field quality" solar charger. A purchase order for 100,000 8.6 volt, 10 watt solar chargers has been secured with a European client. The order's total value will be just under $5 Million USD.

"We are excited to move this order along as it provides us with an excellent opportunity to demonstrate the solar technology we have embraced for south and west Asia," says TransAct's CEO and President, Rod Bartlett. "We expect to establish the custom manufacturing facility over the next few months and start delivering product as early as January 2011."

TransAct Solar Products is a newly formed British Columbia venture using a proprietary photovoltaic thin film technology for custom solar products. The purpose of the company is to design/build custom solar products on limited manufacturing runs. Many of the products under contemplation have military and government applications such as solar chargers, solar water purifiers and small application solar power plants.

About TransAct Energy Corp.

TransAct Energy Corp. is a Texas based company. Our business is the development, production, management and conservation of electricity through sustainable electricity projects. Our focus is energy produced from geothermal, solar and municipal waste. Our power conservation technologies are centered on technology innovations including hydrogen fuel cells and low temperature geothermal. Please visit

Forward-Looking Statements

The foregoing news release includes numerous forward-looking statements concerning the company's business and future prospects and other similar statements that do not concern matters of historical fact. Forward-looking statements in this news release relating to product development, business prospects and development of a commercial market for technological advances are based on the company's current expectations. The company's current expectations are subject to all of the uncertainties and risks customarily associated with new business ventures including, but not limited to, market conditions, successful product development and acceptance, competition and overall economic conditions, as well as the risk of adverse regulatory actions. The company's actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements. The company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

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