Aug 14 2008
Evolution Solar Corp. announces plans to implement a new "Green Technology Marketing Strategy," through its subsidiary, Synergy Design and Development LTD., Evolution Solar Corporation's newly acquired Hong Kong-based R+D and Procurement Company.
“Synergy has a seven-year history of professional services in research, development, and procurement in China,” stated Robert Kaapke, CEO of Evolution Solar. “Green Technology" presents a great opportunity as it spans nearly every sector of industry, government and humanity. This enables Synergy to be in on the ground floor of emerging technologies and products and ensures our long-term success.”
Synergy Development Company is a product development and sourcing company based in Shanghai that has provided sourcing and product development services for many of the top companies around the world. Additionally, Synergy Development seeks to build and maintain its own lines of proprietary products to secure additional margin and security.
“The Consumer Product division will continue to exist within Synergy,” explained Robert Kaapke, the president of Evolution Solar Corp. “However, the long-term objective of the company is to provide sourcing and product development services in the green technology industry,” he continued.
China, which passed a landmark renewable energy law in January 2007, has pledged to spend some $200 billion over the next 15 years on renewable energy. The goal: Achieve 20 percent total energy consumption from green fuel sources.
China's interest in renewables has translated into a rapidly expanding base of at least a dozen publicly held domestic solar energy and wind energy concerns among them: Solarfun Power Holdings (NASDAQ: SOLF) and JA Solar Holdings (NASDAQ: JASO).
Some think the U.S. could be generating 10% of its electricity from the sun within 10-15 years, and Scientific American published a scheme last year for drawing almost 70% of our power using solar by 2050. Merrill Lynch's Mark Heller noted that solar startups raised more money in 2007-8 than Internet stocks did in their 1998 heyday.
As Evolution Solar continues to aggressively pursue its business plan it will continually update its web site to reflect its newly acquired acquisitions and implementations. In the very near future we will provide a link to "Companies Registry," the Government of Hong Kong special administrative Region, and a link to Synergy Design and Developments product procurement web site.