Home
Atlantic Wind and Solar Inc. (PINKSHEETS: AWSL) is pleased to provide
the following summary of significant achievements and corporate
developments during 2009.
AWSL began 2009 focused on a singular corporate goal: To establish itself as a significant player in the Renewable Energy (RE) industry through Solar and/or Wind Power, thus opening up avenues for strong corporate growth in what management regards as the true Growth Industry of the 21st Century.
Management is gratified to note that its efforts toward achieving its primary goal met with unqualified success, paving the way for rapid growth as it accelerates its marketing efforts and expands its Solar Park revenues in the months ahead.
A promising first half
During the first half of 2009, the Company completed the important acquisition of a 47.5% ownership interest in key RE affiliate, Ontario-based Hybridyne Power Systems Canada Inc.; contracted with Geneva Bancorp Inc. (GBCorp.net) for Investment banking and Investor Relation services; entered into discussions regarding a working relationship with Centripetal Dynamics Inc. (CDI) regarding its revolutionary new wind turbine; and launched a marketing program for AWSL's Micro Energy Park, a cutting edge, high efficiency electricity generating system for roof and/or ground mounted RE installations.
A record second half
The accomplishments of the first half led to rapid progress in the latter half of the year, accelerated by the Ontario Government's introduction of its lucrative, long term Feed in Tariff (FIT) that quickly fulfilled the Government's intention of promoting Renewable Energy across Canada's most populated province.
Prompted by the new FIT, AWSL turned its focus to the enormous Solar Energy opportunities across Ontario (particularly rooftop solar); formed a strategic relationship with a leading Real Estate Development & Management company; began to receive a continuous flow of important Solar Park LOIs and contracts; and completed financing arrangements to fund the growing number of solar projects slated for construction.
AWSL began 2009 focused on a singular corporate goal: To establish itself as a significant player in the Renewable Energy (RE) industry through Solar and/or Wind Power, thus opening up avenues for strong corporate growth in what management regards as the true Growth Industry of the 21st Century.
Management is gratified to note that its efforts toward achieving its primary goal met with unqualified success, paving the way for rapid growth as it accelerates its marketing efforts and expands its Solar Park revenues in the months ahead.
A promising first half
During the first half of 2009, the Company completed the important acquisition of a 47.5% ownership interest in key RE affiliate, Ontario-based Hybridyne Power Systems Canada Inc.; contracted with Geneva Bancorp Inc. (GBCorp.net) for Investment banking and Investor Relation services; entered into discussions regarding a working relationship with Centripetal Dynamics Inc. (CDI) regarding its revolutionary new wind turbine; and launched a marketing program for AWSL's Micro Energy Park, a cutting edge, high efficiency electricity generating system for roof and/or ground mounted RE installations.
A record second half
The accomplishments of the first half led to rapid progress in the latter half of the year, accelerated by the Ontario Government's introduction of its lucrative, long term Feed in Tariff (FIT) that quickly fulfilled the Government's intention of promoting Renewable Energy across Canada's most populated province.
Prompted by the new FIT, AWSL turned its focus to the enormous Solar Energy opportunities across Ontario (particularly rooftop solar); formed a strategic relationship with a leading Real Estate Development & Management company; began to receive a continuous flow of important Solar Park LOIs and contracts; and completed financing arrangements to fund the growing number of solar projects slated for construction.
