DGAP-News: Photo Release -- Matinee Energy Campus: Benson, Arizona -- Small City -- Big Solar Energy
(businesspress24) - Matinee Energy, Inc.
17.02.2012 23:15
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BENSON, Ariz., 2012-02-17 23:14 CET (GLOBE NEWSWIRE) --
President Obama's 'In Sourcing Initiative' has met with local responses in the
City of Benson, Arizona when S. Chin Kim, CEO of Matinee Energy introduced
'Matinee Energy Campus' during a groundbreaking ceremony. The 50 acre site will
house facilities for solar energy research, manufacturing and related job
training, which brings the immediate benefit of local job creation.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11695
The Campus' narrow focus is on engineering and manufacturing cost cutting and
enhancing the performance of solar mounting systems enough to influence a
market shift toward highly efficient mounting systems that is guaranteed to
lower the cost of the entire module and improve profitability. Key market
factors that affect industry competitors' ability to survive have shifted
beyond lower solar cell prices in favor of lower costs for essential components
and higher sustainability. Key to this shift is the tested response to
extending and maintaining solar module life expectancy and higher than average
efficiency over thirty years, while achieving localized cost reduction and the
capabilities to operate and maintain solar plants more than 30 years. S. Chin
Kim, said, 'The Campus will create jobs and provide a model for other projects
on a larger regional or national scale in the future.'
Matinee Energy Campus has partnered with GreenStone System, Inc. Dr. J. K.
Kim, the GreenStone CEO, said, 'Leveraging on our rich history in harnessing
semi-conductor technologies with solar farm construction, we will deliver
innovative solutions, integrating hardware mounting systems, locally
manufactured, with solar panels, before conversion into efficient solar
modules.'
Participating in the ground breaking were key representatives of the City of
Benson, Arizona, the Benson Chamber of Commerce and Cochise County Community
College. Collectively, they have pledged support for making this local 'In
Sourcing Initiative' a success.
About Matinee Energy Campus Benson Corp.
In short, the company's project is called 'Matinee Energy Campus.' Owing to its
aggregated technology and manufacturing knowhow, the Campus intends to first
manufacture higher precision mounting systems and to achieve the cost reduction
sufficient enough to influence both a shift in the market and construction cost
structure of renewal solar energy plants, based upon proprietary technologies.
About Matinee Energy, Inc.
Matinee Energy has developed solar energy projects and businesses that are
diverse and complementary to its core line of businesses. It implements and
delivers infrastructure-based services and plan to deliver electricity based
upon leading technologies. Matinee Energy will continuously develop utility
scale alternative energy solutions and intends to make a material contribution
to the alternative energy sector. Matinee Energy also plans to partner with
diverse sector participants from the U.S. and around the world.
About GreenStone System Inc.
GreenStone earned its market position by leveraging its parent company's
successes with projects in automotive components and the plant industries. Its
combined total of core capabilities supra and semiconductor technologies has
made GreenStone a very important participant in the solar energy industry.
CONTACT: John Kane
(520)884-1000
News Source: NASDAQ OMX
17.02.2012 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Matinee Energy, Inc.
United States
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