DGAP-News: Korsair Holdings AG Enters Into Agreement With Canadian Vertical Wind Turbines Manufactur

DGAP-News: Korsair Holdings AG Enters Into Agreement With Canadian Vertical Wind
Turbines Manufacturer on Creation of Strategic Partnership in
European Market

ID: 252092

(firmenpresse) - Korsair Holdings AG / Key word(s): Miscellaneous

23.04.2013 21:00
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BERLIN -- (Marketwired) -- 04/23/13 -- Korsair Holdings AG (BERLIN:
NOM) announces that it has entered into agreement with a Canadian
manufacturer of 'vertical wind' turbines for the purpose of creation
of strategic partnership in the European marketplace. Because of the
sensitive nature of the agreement, the name of the manufacturer
cannot be disclosed at this time and will be announced at a later
time.

According to Boris Rubizhevsky, Korsair Holdings CEO: 'We see small
wind and especially vertical wind turbines as the next wave of wind
energy installations. Vertical wind turbines with direct drive
generator offer needed flexibilities for smaller scale installations
making such systems attractive from individual home owners to
farmers, to small enterprises that wish to contribute to lowering
carbon footprint as well as lower their own energy costs. The
Canadian Company has created an efficient and profitable energy
source that is completely environmentally friendly, with a wind
turbine that can start with a slight breeze and operate in winds as
low as 4 to 5 miles an hour.'

According to the European Wind Energy Association (EWEA), 'The EU
wind energy sector installed 11.6 gigawatts (GW) of capacity in 2012,
bringing the total wind power capacity to 105.6 GW. Wind energy
represented 26% of all new EU power capacity installed in 2012, and
investments of between EUR12.8 billion and EUR17.2 billion. It is now
meeting 7% of Europe's electricity demand -- up from 6.3% at end
2011.'

Mr. Rubizhevsky further commented: 'We are very excited by the
opportunities this partnership will bring to Korsair. We will now be
able to offer several options to our potential customers, i.e. wind




turbine only and a complete energy system that will also include our
Lithium Ferro Phosphate batteries and controls. With the system
starting price at under EUR10,000 and going up to over EUR50,000 we
expect to reach EUR7.5million in sales over the next 12 months. Over
the next several months Korsair expects to engage several established
local distributors to help us with our sales efforts.'

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 green technologies. By combining
environmental innovations with creative management and proven
industrial leadership, Korsair Holdings AG strives to stay in the
forefront of the green technology 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 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



23.04.2013 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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Bereitgestellt von Benutzer: EquityStory
Datum: 23.04.2013 - 21:00 Uhr
Sprache: Deutsch
News-ID 252092
Anzahl Zeichen: 5869

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Kategorie:

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Turbines Manufacturer on Creation of Strategic Partnership in
European Market
"
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