TORONTO, Jan. 24, 2013 (GLOBE NEWSWIRE) -- PM&E, Inc. (OTC Pink:PMEA) announced today that it has started negotiations with energy-generation related companies in several overseas markets, in particular, South-East Asia with the purpose of launch of production, commercial marketing and distribution of its advanced solar power generation panels. With over 3 billion consumers of electrical power in the region looking for the most efficient means of energy-generation and consistently predictable amounts of sunshine-filled calendar days the company anticipates that South-East Asia may become one of the major markets for its solar power panels in the near future.
PMEA's wholly owned subsidiary Suncetix Inc. has reported that company's CEO Mr. Jack Merck has recently held meetings with President of Valu Trading, Inc. Mr. Hui Kim. Valu Trading, Inc. is a Hong Kong-based trading company advising on commodities sourcing and technology licensing to several major South Korean and Japanese firms and the Government of Vietnam. The meeting was organized as per request of Mr. Merck in order to discuss possible licensing of the Company's flagship GEN 4 MPVS solar power generation panels to the commercial and individual consumers in the variety of Asian markets. Mr. Kim was presented an overview of the underlying technology and historic perspective on the development of the Company's products and updated on the major milestones, including recent successful per-launch tests. The focus of the Company's presentation was on the cost-efficiency of production and the significant competitive advantages of GEN 4 MPVS compared to the conventional flat panels. As the result it is anticipated that the Company and Valu Trading, Inc. may enter into a long-term licensing agreement whereby the Company's products will be acquired by multiple large commercial clients and introduced to the retail distribution networks in the region. "We are delighted to have opened the door for our products into the South Korean and other Asian markets and are satisfied with the level of interest to enter into a comprehensive licensing deal in a near future expressed by Mr. Kim and his expert associates," stated Jack Merck, the CEO of the Company. He added "Valu Trading Inc., which is a privately held corporation with a head office in Hong Kong, is engaged in commodity sourcing, such as coal, silicone and structural steel, with annual sales of $US120-$US150 Million is not a novice to the energy markets: the company has a licensing arm, providing technology licensing services and OEM manufacturing services. Among most notable clients of Valu Trading, Inc. are such South Korean companies as KMH, POSCO, as well as the Government of Vietnam. We anticipate the agreement with Valu Trading, Inc. to be the first in the series of non-exclusive licensing deals, which may put our products into commercial exploitation in various lucrative markets in the foreseeable future."
Forward-Looking Statements
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