Patent Protection
Hybrid Energy Holdings reports it commenced patent protection process on the first nine Photovoltaic (PV) and Solar Thermal technology Intellectual Properties (IP) recently acquired as part of the Technology Transfer Agreement and Joint Development Agreement with KS IP Holdings, LLC, a private company specializing in clean energy technologies.
The Company believes PV and Solar Thermal Market, particularly for residential and commercial use, is a high growth sector that promises to become a significant and vital energy option primed for strong sales growth of the company's holdings and technologies. The Company will announce specific development projects as it integrates these core technologies in the Development Process.
In addition to the Technology Transfer portion of the Agreement, the income producing Joint Development portion of the Agreement affords KS-IPH an option to acquire Development and Distribution Rights to certain technologies. Now that the initial patent technologies have been selected, the Company will shortly be in a position to announce specific terms of this income-generating Product Development and Distribution Agreement.
The Company has assembled experienced cross-functional teams to guide each innovation acquisition, technological adaptation and system integration through the required steps to successful commercialization. The worldwide market for Organic Photovoltaic (OPV) and Dye-Sensitive Cell (DSC)-based photovoltaics are expected to grow to $1 Billion with the next five years; and the Solar Thermal market anticipates 46% annual growth rates over the next decade.
"The Solar Energy industry will return to high growth in 2010 and also over the next 5 years. Even in the slowest growth scenario, the global market will be 2.5 times its current size by 2014. Under the Production Led scenario, the fastest growing forecast, annual industry revenues approach $100 billion by 2014," according to NPD Group which publishes The Leading Annual World Solar PV Industry Report.
This transaction is the first in a series of anticipated acquisitions planned as a result of the Joint Development acquisition under its recently announced Solar Energy Acquisition and Development Project; the first official project of the Company's portfolio diversification strategy.
The Solar Energy Acquisition and Development Project is the first major acquisition and development project under the Company's New Energy Initiative, which calls for the aggressive investment in, acquisition of and development of nascent 'New Energy' technologies, Intellectual Property assets and operations in the Clean Energy, Energy Smart Technologies and Carbon Capture & Storage sectors of the Energy Sector.
The Company recently announced Phase II of its growth and acquisition strategy; the diversification and expansion of its current asset holdings with the launch of the 'New Energy Initiative.' The Company has successfully established a strong and growing asset based of clean energy producing assets with strong recurring profits and cash-flows. The company will continue its acquisitions in this sector and expand the scope of its acquisitions. The Solar Energy Acquisition and Development Project, together with the addition of technologies to increase the Company's production efficiencies and profitability, will increase the Company's revenue and shareholder value.
