TGI Solar Power Group Retains PHD Capital
September 04 2008 - 1:36PM
Marketwired
TGI Solar Power Group Inc. (PINKSHEETS: TSPG), a turnkey supplier
of vertically integrated solar systems for a variety of
applications ranging from Solar Parks (solar to grid) to commercial
markets, announced today that it has retained investment bank
Perrin, Holden & Davenport Capital Corp (PHD Capital) of New
York city to provide strategic advisory and listing services.
"We are very pleased to be working with TGI Solar Group," said
Nelson Braff, President of PHD Capital. "We are looking forward to
supporting TGI's existing projects, as well as working to identify
new opportunities in sustainable energy. Green Energy is not a
trend, it's the future, with the rising cost of energy globally and
we are excited to assist TGI Solar in its efforts to finance,
develop and commercialize promising renewable energy technologies
around the world."
Solar cells are the discrete components in a solar energy
generation system responsible for converting sunlight to
electricity. The end-user market segment for solar technology in
2007 was approximately $30 billion, a 50 percent increase from
2006, according to Photon Consulting. Solar industry growth of 30
to 40 percent annually is expected to continue in years to come as
the economics of solar, which is currently approximately twice the
cost of delivered retail electricity on a per kilowatt basis,
begins to approach that of traditional electricity-generation
technologies.
Wall Street analyst, Jesse Pichel, of Piper Jaffray, recently
commented, "In today's emerging alternative energy sector, solar
remains one of the best secular growth trends in technology
investing. We're thin film bulls."
"We have a long list of solar park projects around the world
that are ready to break ground and look forward to the potential
that PHD brings to the table," said William Lieberman, President of
TGI Solar Group.
About TGI SOLAR POWER GROUP INC.
TGI Solar (TSPG) is provider of manufacturing equipment and
turnkey manufacturing solutions to the photovoltaic (PV) industry.
The Company's products and solutions are used for production of
solar grade polysilicon, manufacturing of multicrystalline silicon
wafers, production of solar cells and assembly of complete modules.
The firm provides facility and process design and integration
know-how with its equipment. The Company offers its products and
services to PV product manufacturers on a worldwide basis, and a
substantial percentage of its sales are to customers outside the
United States.
Safe Harbor Statements under the Private Securities Litigation
Reform Act of 1965: Those statements contained herein which are not
historical are forward-looking statements, and as such, are subject
to risks and uncertainties that could cause actual operating
results to materially differ from those contained in the
forward-looking statements. Such statements include, but are not
limited to, certain delays that are beyond the company's control,
with respect to market acceptance of new technologies, or product
delays in the testing and evaluation of products, and other risks,
as detailed in the company's periodic filings with the Securities
and Exchange Commission.
Contact: TGI SOLAR POWER GROUP INC. Stan Galver 1-888-766-6527
ZA Consulting Inc. 212-505-5976
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