Seakinetics to Add Tamil Nadu Wind Energy Project in India; Seeks to
Diversify and Grow its Green En
Seakinetics to Add Tamil Nadu Wind Energy Project in India; Seeks to Diversify and Grow its Green Energy Portfolio
(Thomson Reuters ONE) - TORONTO, ONTARIO--(Marketwire - July 14, 2009) - Seakinetics Corp(PINKSHEETS: SKTS)(FRANKFURT: M90) will soon launch its first megaproject in the renewable wind energy sector which over the nextdecade can well add over $US 1 billion in annual revenues. TheCompany recently reported that it is completing a purchasetransaction with RETECH Project Financing, a unit of Cougar CapitalLtd, which will place RETECH's Tamil Nadu wind energy developmentprogram in the Shencottah Pass region in Southern India underSeakinetics ownership and day to day management.The Tamil Nadu project has the potential to grow into a 300 MW windenergy project capable of lighting up over 300,000 average Indianhouseholds located in Southern India. When fully completed, the TamilNadu wind farm will comprise of 6000 acres and utilize 500 0.6 MWturbines to generate electric power for the National Power Gridsystem in the State of Tamil Nadu, India.Explains Jack Dhaliwal, chief architect of the Tamil Nadu project,"In terms of 'green' energy, wind power ranks as the front runner toreplacing traditional fossil fuels. The key advantage to adding windenergy to Seakinetic's prospective revenue stream is bestdemonstrated by the low infrastructure cost per unit of energygenerated. As such, the successful development of the Tamil Nadu windfarm has potential of generating above average returns forstakeholders over the medium to longer term."Seakinetics was established for the purpose of designing, developing,marketing and investing in innovative technologies and services inthe renewable energy field.Seakinetics Corporation is listed on the Open Market Segment of theFrankfurt Borse. A public offering of Seakinetics shares was not madein connection with their inclusion on the Open Market Frankfurt.Seakinetics Corporation is also listed on the Pink Sheets in theUnited States.Forward-Looking StatementsThis press release contains "FORWARD-LOOKING STATEMENTS" within themeaning of the Private Securities Litigation Reform Act of 1995.Statements in this release are forward-looking statements based oncurrent expectations and assumptions that are subject to known andunknown risks, uncertainties, or other factors which may cause actualresults, performance, or achievements of the company to be materiallydifferent from any future results, performance, or achievementsexpressed or implied by such forward looking statements. Actualresults could differ materially because of factors such as the effectof general economic and market conditions, entry into markets withvigorous competition, market acceptance of new products and services,continued acceptance of existing products and services, technologicalshifts, and delays in product development and related product releaseschedules, any of which may cause revenues and income to fall shortof anticipated levels. All information in this release is as of thedate of this release. The company undertakes no duty to update anyforward-looking statement to conform the statement to the actualresults or changes in the company's expectations.Contacts:Seakinetics Corporation1-613-731-5935info(at)seakineticscorp.comwww.seakineticscorp.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Bereitgestellt von Benutzer: hugin
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" alt="Net Asset Value(s)>">Datum: 14.07.2009 - 17:07 Uhr
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