DGAP-News: Korsair Holdings in Discussion With Municipalities in Bulgaria About
Energy Efficient Streetlight Solutions
(firmenpresse) - Korsair Holdings AG / Key word(s): Miscellaneous
22.03.2013 08:00
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BERLIN -- (Marketwire) -- 03/22/13 -- Korsair Holdings AG (BERLIN:
NOM) announces that it has entered into discussions with various
Municipalities in Bulgaria in order to address their need of energy
efficiency solutions. Through the partnership with GAIA Consult Ltd
and Capital Solar Partners Ltd, Korsair Holdings gets access to a
wide network of Municipalities and local sub-contractors in order to
execute both projects and investments related to green technology
implementations.
For the Municipality of Plovdiv, Korsair Holdings is exploring the
feasibility of changing the actual lighting fixtures of indoor and
outdoor environments to more energy efficient alternatives, this also
includes the streetlights within the Municipality. The partnership is
right now finalizing an energy audit analysis in order to properly
calculate the energy savings that can be achieved. The potential
amount of lighting fixtures to be changed, only in the Municipality
of Plovdiv is estimated to approximately 30.000 pieces.
According to Nelly Weisbloom, Principal of GAIA Consult: 'The
interest for energy efficiency applications and specifically PV
Streetlight technology has been growing rapidly due to the new
adopted EU Directive 2012/27/EU on energy efficiency. Just in
Bulgaria we have a potential of 264 Municipalities and they all is
imposed by the new EU Directive to meet up with the new requirements.
Some Municipalities has already started pilot projects for changing
their traditional streetlights to LED and other more energy efficient
fixtures.'
Further on Mr. Steven Huynh, CEO of Korsair commented: 'Korsair
Holdings is in discussion with a few financial institutions in Europe
and Hong Kong in order to develop funding structures for Energy
Management System Financing or EMS Financing related to LED or PV
streetlight applications, we hope soon to be able to offer potential
clients a package which include technology and a financial lease
program.' Mr. Huynh further amends: 'A potential project of 30.000 PV
Streetlights is estimated to be worth EUR 30 million including
financial costs and operations and maintenance costs.'
About Korsair Holdings AG
Korsair Holdings AG is a technology holding company with a focus 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 CleanTech business.
Disclaimer; Forward-Looking Statements:
This or any other statement from KORSAIR HOLDINGS AG contains
forward-looking statements that are based on assumptions and
estimations of KORSAIR HOLDINGS AG. Words such as 'estimate,'
'expect,' 'plan,' 'project' and 'will' and similar expressions
identify such forward-looking statements. The actual results may
differ substantially from such assumptions and estimations caused by
various factors. 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 does not constitutean 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
22.03.2013 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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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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Energy Efficient Streetlight Solutions"
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