SNM Global Prepares for Wave Energy Solutions: "Global Ocean Energy Industry Can Be Worth $1 Trillion"
September 09 2010 - 8:30AM
Marketwired
SNM Global Holdings (PINKSHEETS: SNMN) cites the recent Frost &
Sullivan report to underscore and further validate its existing
development of the Company's Small & Micro Hydro solutions.
In its new report entitled Hydro, Wave, and Tidal Power - Market
Penetration and Roadmapping, Frost & Sullivan, the respected
global market analyst, estimated that wave energy resources
worldwide can generate as much as 6,000 terrawatt-hours of clean
electricity annually -- twice as much as global nuclear production
-- while tidal resources can generate as much as 700 TWh per
year.
"The global ocean energy industry can be worth $1 trillion, as
the world's oceans hold vast untapped potential that can be more
reliable than other kinds of renewable energy sources such as wind
or solar," Frost & Sullivan said.
The Company recently announced the launch of the its Small &
Micro Hydro Technology Development Projects resulting from its
recent technology acquisitions, and expects to further
announcements regarding additional technologies to be developed for
prepare commercialization and international distribution.
Based on internal market projections and asset appreciation over
the market cycle, the Company values the technology acquisition at
$12,500,000, and to be purchased through by the issuance of
Preferred Stock. Redemption of the Preferred Stock is contemplated
to contain several performance based terms relating to sales and
market penetration, thus protecting shareholders and insuring
equity appreciation.
The Small Hydro Development Projects represent important
technologies to assist emerging economies to leapfrog into
sustainable and independent energy-production.
Access to electricity is one of the keys to development, as it
provides light, heat and power for productive uses and
communication. Today 1.7 billion people in developing countries do
not have access to electricity, most of them living in rural
areas.
This transaction is the first in a series of anticipated
acquisitions under the Agreement signed earlier this month with
EQ-ip, a private technology and licensing holding company, to
acquire, develop, distribute, and commercialize certain
technologies from its portfolio.
The Company expects further advancement, projects and
distribution agreements to result from these developments. Details
can be found @ www.snmnglobal.com
The company's acquired technologies and development projects
will be integrated into the Company's MicroTechnology Transfer
(mt2) Program and MicroEquity Partner Program; and will be
introduced into SNM Global's distribution network for emerging
market insertion and introduction.
SNM Global's MicroTechnology Transfer (mt2) Program and
MicroEquity Partner Program enable the acquisition, development,
and transfer of technologies that will provide for the betterment
of society and provide the catalyst for emerging markets to
leapfrog into the sustainable sectors that will drive the
twenty-first century.
The Company encourages collaboration with public, private and
institutional partners in all phases of the development and
technology transfer cycle; and accepts submissions from both
collaborative development, distribution and inventor partners
through the Collaboration Portal on its new website at
www.SNMNglobal.com.
About SNM Global Holdings SNM Global
Holdings (SNM Global) is a technology holding and development
company that invests in, acquires, and develops Intellectual
Property Assets and Operations in the Clean/Alternative Energy,
Biotech, Water and Better Health & Living sectors adapted
specifically for the emerging global markets.
The Company realizes revenues from the distribution of its
technology, products, and solutions through its network of
international agents and distributors and through the licensing of
Intellectual Property through its innovative mt2 Program. The
Company provides its International MicroEquity Partner program to
our local partners in our target international markets. This
program provides initial funding to a community building and
life-enhancing organization. The Company sees profits through
equity ownership and sales and distribution of its technology and
solutions.
The company operates through its subsidiaries and various
distribution partners worldwide.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements to be materially different
from the statements made herein.
CONTACT: SNM Global Holdings 100 Pall Mall Saint James
London SW1Y 5NQ United Kingdom Tel Number: (44) 020 7096 0200
Investor Relations: 1-(321)-251-6082 info@snmnglobal.com
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