DGAP-News: Korsair Holdings Establishes Partnership to Explore the Energy
Efficiency Market in Bulgaria
(firmenpresse) - Korsair Holdings AG / Key word(s): Miscellaneous
15.02.2013 09:00
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BERLIN -- (Marketwire) -- 02/15/13 -- Korsair Holdings AG (BERLIN:
NOM) announces that it has entered into partnership with GAIA Consult
Ltd, a Bulgarian Development Company in order to explore the Energy
Efficiency Market in Bulgaria. The partnership led by GAIA Consult
consists of an international experienced group of local
entrepreneurs, attorneys and financial specialists with long
experience working with local Authorities and Municipalities in
Bulgaria.
In October 2012 the EU adopted the Directive 2012/27/EU on energy
efficiency. This Directive establishes a common framework of measures
for the promotion of energy efficiency within the Union in order to
ensure the achievement of the Union's 2020 - 20 percentage headline
target on energy efficiency and to pave the way for further energy
efficiency improvements beyond that date. The Directive brings
forward legally binding measures to step up Member States' efforts to
use energy more efficiently at all stages of the energy chain -- from
the transformation of energy and its distribution to its final
consumption. Measures include the legal obligation to establish
energy efficiency obligations schemes or policy measures in all
Member States. These will drive energy efficiency improvements in
households, industries and transport sectors. Other measures include
an exemplary role to be played by the public sector and a right for
consumers to know how much energy they consume.
According to Steven Huynh, CEO of Korsair: 'Energy Efficiency is a
very important business field. Korsair is constantly exploring this
strongly growing market. Our goal is to develop a portfolio of
innovative technologies in order to help local Governments to address
their goals to reach the Union's 2020 target.' Mr. Huynh amends: 'We
are right now exploring the Bulgarian market for implementation of
Energy Efficient LED lighting solutions, a market that we believe
will grow stronger as technology gets more mature, cost is decreasing
and financing becomes more accessible.' Mr. Huynh further states: 'We
are in discussions with several technology manufacturers in the US
and Asia in order to develop a packaged solution, which combines the
LED lighting technology with a financial lease program that draws the
investment costs from the energy savings over time.'
In its recently published 2012 Global Lightning Market Model Report,
Global Consulting firm McKinsey's summarizes: 'The global lighting
market is expected to have revenues of over EUR 100 billion in 2020,
with 5 percent annual growth from 2011 to 2016, and 3 percent growth
per annum from 2016 to 2020.'
Further on, the report commented on: 'The Architectural applications
are dominating the early LED adopters, but the Residential
applications are expected to become the most significant market for
LED lighting solutions.'
About Korsair Holdings AG
Korsair Holdings AG is a technology holding company managed by an
international development group focusing on environmental and
technical infrastructure projects related to renewable energy and
clean technologies. By combining environmental innovations with
creative management and proven industrial leadership, Korsair
Holdings AG strives to stay in the forefront of the CleanTechbusiness. We are an entrepreneurial, market-focused, process-oriented
group with a global thinking and acting.
Disclaimer; Forward-Looking Statements
This or any other statement from KORSAIR HOLDINGS AG or any of its
subsidiaries or its representatives contains forward-looking
statements that are based on assumptions and estimations of KORSAIR
HOLDINGS AG. Words such as 'believe,' 'estimate,' 'expect,'
'forecast,' 'intend,' 'may,' 'plan,' 'project, 'should' and 'will'
and similar expressions identify such forward-looking statements.
Even though the management of the company believes that these
assumptions and estimations are appropriate, actual results may
differ substantially from such assumptions and estimations caused by
various factors. These factors may include a change of the
macroeconomic environment, of regulations in the business areas, in
which KORSAIR HOLDINGS AG is active, changing license and partnership
agreements as well as the general and particular legal framework.
These forward-looking statements speak only as of their dates and
have been reasonable at that time. KORSAIR HOLDINGS AG undertakes no
obligation to publicly update or revise any forward-looking
statements. This or any other statement from KORSAIR HOLDINGS AG or
any of its subsidiaries or its representatives does not constitute an
offer or a solicitation of an offer for the purchase or sale or
subscription of any securities of Korsair Holdings AG in Germany,
Switzerland or any other country. This statement constitutes pure
information about the company. Each and any investment into
securities, particularly into shares of young companies like KORSAIR
HOLINGS AG, bears high risks including a total loss of the invested
amount. Potential investors generally should consult a qualified
advisor before taking any investment decision at all.
News Source: Marketwire
15.02.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Korsair Holdings AG
Switzerland
Phone:
Fax:
E-mail:
Internet:
ISIN: CH0042232998
WKN:
End of Announcement DGAP News-Service
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