SOURCE: SunSi Energies Inc.
NEW YORK, NY--(Marketwire - Aug 21, 2012) - SunSi Energies Inc. ("SunSi") (OTCQB: SSIE), a renewable energy company and provider of the specialty chemical trichlorosilane, today announced that it completed the acquisition of a controlling interest in TransPacific Energy, Inc. ("TPE"), increasing its equity stake to approximately 51%. As a result, SunSi will immediately begin to consolidate TPE's operating results on a prospective basis.
Based in Nevada and California, TPE is a high-tech corporation that designs, builds, owns, operates, sells and installs proprietary, custom made modular Organic Rankin Cycles utilizing multiple environmentally sound and low global warming potential refrigerant mixtures. TPE's patented technology uses enhanced heat transfer techniques to maximize heat recovery and efficiently convert waste heat directly from industrial processes, thermal solar, geothermal biomass and landfill as well as other untapped heat into renewable electrical energy. In addition, TPE offers thermal storage technology for applications such as 24/7 electrical energy.
SunSi also announced it has scheduled a major European institutional roadshow and strategic business meetings which will run for approximately ten days from late August 2012 through early September 2012. The event will enable the Company to present the economic benefits of TPE's patented core heat recovery technology to investors and serve as a platform to launch the Company's aggressive expansion plans for TPE's technology and synergistic acquisition strategy.
SunSi's CEO David Natan stated, "We are very pleased to have completed our acquisition of a controlling equity interest in TransPacific Energy. We believe TransPacific's technology has tremendous upside in various applications both domestically and worldwide. Their breakthrough technology makes the direct conversion of heat waste to clean electricity an economically viable alternative to predecessor solutions that resulted in marginal savings and high capital expenditures. We view the renewable energy marketplace as having uncapped potential. TransPacific is already working on a number of installations for high profile companies and agencies including a special project with the government of Morocco."
About SunSi Energies Inc.
SunSi Energies is a global company whose products and solutions focus on renewable energy and improved energy efficiency. SunSi subsidiary TPE has patented a technology which uses proprietary multiple component fluids that are environmentally sound, non-toxic and non-flammable. Custom formulated mixtures efficiently capture and convert heat directly from the heat source at temperatures ranging from 100 °F to 1000 °F. TPE's technology offers applications at broader temperature ranges than other energy recovery systems. TPE's systems in certain applications reduce operating and maintenance costs thereby significantly improving return on capital expenditures thus making the purchase of waste heat recovery systems that previously yielded nominal savings, economically viable.
SunSi is a significant producer and distributor of trichlorosilane ("TCS") in China. TCS is a specialty chemical primarily used in the production of polysilicon, which is an essential raw material in the production of solar cells for PV panels that convert sunlight to electricity. TCS is considered to be the first product in the solar PV value chain before polysilicon, and is also the principal source of ultrapure silicon in the semiconductor industry.
For additional information regarding SunSi Energies Inc. or Transpacific Energies Inc., please visit the companies' websites at www.sunsienergies.com, www.transpacenergy.com, or contact Richard St-Julien at (646) 205-0291.
Except for statements of historical fact, the matters discussed in this press release are forward- looking. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects," or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) TPE being accretive to SunSi earnings in 2012 (ii) competitive viability of TPE's technology, (iii) our ability to leverage markets in China for the TPE product, (iv) integration issues following the acquisition, (v) completing additional acquisitions, (vi) increasing the visibility of TPE's technology, (vii) economic viability of TPE's technology in new markets, (viii) and other factors detailed in documents we file from time to time with the Securities and Exchange Commission, which are available at www.sec.gov.