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Electron Solar Energy Reports Record First Quarter Revenues of $554,039, Up 228% Year-over-Year
Tuesday June 3, 7:30 am ET

MIAMI--(BUSINESS WIRE)--Electron Solar Energy (OTC:ESRG - News), an international distributor of alternative energy systems, announced today record revenues of $554,039 for the first quarter ended March 31, 2008. First quarter 2008 revenues increased by 238% compared to revenues of $168,943 in the same quarter one year ago, and were exactly 20% higher than revenues of $460,782 reported in the fourth quarter of 2007. Detailed, quarterly and annual financial reports are filed voluntarily by the Company and are available at http://www.pinksheets.com.

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President and CEO of Electron Solar Energy Christopher Quinn said, “Revenues in the first quarter of 2008 outperformed any other quarter in our operating history. These Record sales figures represent some new bulk sales from commercial clients, coupled with continued growth in orders for our complete free-standing solar energy kits. With Fuel costs at an all time high, customers are embracing the more economically viable alternative energy technologies we sell. During the first quarter, we also closed on a strategic acquisition of Express Communications Supply Inc., a wire and cable manufacturing facility, which generates just under $1 Million in highly profitable annual sales. This acquisition has immediately grown our book of business for additional top-line growth with healthy profit margins beginning in the first quarter of 2008.”

Quinn continued, “We are also operating with a strong balance sheet, benefiting from a large reduction in our long-term debt and accounts payable completed in the fourth quarter of 2007. We were close to breakeven in the first quarter, and anticipate a turnaround to profitability by year-end 2008. Taking away one time legal expenses and facility improvements we are already making it happen. Based on our continued, organic growth, focus on higher margin products and value added installation services, plus increased demand from high-growth, emerging economies overseas, we are on track to generate more than $2.2 million in annual sales in 2008.”

About Electron Solar Energy

Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com.

[meinolf67]

Electron Solar Energy Introduces Proprietary Hardware to Accelerate the Installation of Solar Panels in the Caribbean
Thursday April 24, 8:30 am ET

MIAMI--(BUSINESS WIRE)--Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today its R&D team has developed a proprietary line of mounting hardware, specifically designed for installing solar panels in the Caribbean Islands. The Company said this proprietary new hardware can reduce the time to install standard solar panels by 50%. Additionally the new design is engineered to address the angle of the sun specific to the Caribbean region, an industry first. The hardware began shipping to customers in the first quarter of 2008, and all dealer feedback has been positive.

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President and CEO of Electron Solar Energy Christopher Quinn, said, “We developed this new hardware to address the needs of our fast growing customer base located in the Caribbean. Residential and Commercial market sales are continually on the rise in the Caribbean Islands. Our new hardware is designed to make the installation of our solar energy kits quick, easy, and cost effective for our customers. Our customers can order from us and have their installation completed within days.”

Quinn added, “By providing an end-to-end solution for solar energy, including manufacturing as many kit components as possible, we expect to not only boost our profits, but also provide value added to our customers. With time saving innovations like this new bracket system, we can outsell our competitors and build our customer base. Our business plan is to vertically integrate ourselves wherever possible in order to improve our operating margins and lower our acquisition cost. These improvements serve to ease cash flow, and fund continued rapid growth. Moreover this manufacturing process can be adapted for the products to function not just in the Caribbean, but anywhere in the world, as demand requires.”

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Electron Solar Energy Achieves Strong Revenue Growth and Strengthens Balance Sheet in 2007
Thursday April 17, 8:30 am ET
Annual Revenues up 117% in 2007 over 2006
Reduces Long-Term Debt by $300,000

MIAMI--(BUSINESS WIRE)--Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced this week its financial results for the year ended December 31, 2007. The Company voluntarily files detailed, quarterly and annual reports, which are available at http://www.pinksheets.com.

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Total sales for 2007 were $923,907, representing an increase of 117% compared to $425,942 in 2006. This sales growth is attributed to continued sales from its core battery customers, new sales from free standing solar energy “Kit” systems, and expanding into new territories through international distributor partnerships. Since September 30, 2007, Electron Solar has reduced its accounts payable from $313,460 to $113,457 and retired over $300,000 in long-term debt.

President and CEO of Electron Solar Energy Christopher Quinn, said, “In 2007, we shored up our balance sheet by converting a significant portion of our long-term debt to equity and reducing our payables by nearly two-thirds. We also ended the year with phenomenal revenue growth, tripling sales in the fourth quarter compared to the same quarter of last year. For the year, we are pleased to report continued business development has resulted in annual sales more than doubling sales in 2006. We will continue to see the positive effects of concentrated sales efforts and diversification of our product line with a focus on solar energy kits. During the year, we also added installation services to create a one-stop purchasing shop for solar panels. While that department has not reached its potential as of yet we anticipate installation services, a higher margin business for us, to pick-up significantly during 2008 as we explore new installation opportunities both in the domestic market and abroad.”

Quinn concluded, “With our Q1 2008 acquisition of a wire and cable manufacturing facility with $1 Million in highly profitable annual sales, we expect continued record growth and improved gross margins during 2008. As we previously announced this week, we tripled revenues in the fourth quarter and have entered the first quarter of 2008 with a very strong platform for growth. We expect to publish our first quarter results in early May.”

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Electron Solar Energy Announces Record Growth and Results for the Fourth Quarter of 2007
Tuesday April 15, 9:27 am ET
Q4 Revenues Increase 337% Year-over-Year

MIAMI--(BUSINESS WIRE)--Electron Solar Energy (OTC:ESRG - News), an international distributor of alternative energy systems, announced today its financial results for the quarter ended December 31, 2007. The Company voluntarily files detailed, quarterly reports on http://www.pinksheets.com and expects First quarter 2008 statements to be posted shortly.

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For the Fourth quarter ended December 31, 2007, Electron Solar announced total revenues of approximately $337,406 compared to total revenues of $292,160 in the Third quarter of 2007 and $99,849 in the fourth quarter of 2006, representing increases of 15% and 237%, respectively.

The Company attributes increased revenues from new sales from free standing solar energy “Kit” systems, and new distributor partners in new territories. President and CEO of Electron Solar Energy Christopher Quinn, said, "We are so pleased to be continuing our trend of strong growth and new customer development. As before, added product availability, together with key new customers added enough volume for us to more than triple Q4 sales year over year. We are releasing new products for distribution every month, and we strive to build or assemble any component that we can to boost bottom line profit and supply chain availability. We also have a strong distribution network in place, which together with our Miami Based order fulfillment facility enable us to achieve fast turnarounds on orders, usually within 24 hours, from anywhere in the world. With our recently acquired wire and cable manufacturing facility, under an acquisition done in early 2008, we expect continued record growth and improved gross margins in 2008.

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Electron Solar Energy (OTC: ESRG | Quote | Chart | News | PowerRating) was formerly known as Envigra Inc. and changed its name to Electron Solar Energy in January 2007. The company is based in Las Vegas, Nevada. With 7,300 shares declared short as of May 2008, there is no longer a failure to deliver in shares of ESRG. According to quarterly data provided by the SEC, there were still 12,081 shares of ESRG that were failing-to-deliver as of August 14, 2007.

[meinolf67]

July 16, 2008 07:00 AM Eastern Daylight Time
Electron Solar Energy Awarded an International Distributorship Agreement with OutBack Power Systems

Now a Master Distributor and OEM Integrator of Pure Sine Wave Equipment in Export Markets

MIAMI--(BUSINESS WIRE)--Electron Solar Energy (OTC:ESRG), an international distributor of alternative energy systems, announced today it was awarded an International Master Distributorship agreement with OutBack Power Systems, Inc., a global manufacturer of renewable energy products. According to the agreement, Electron Solar will market, sell and distribute OutBack’s state-of-the-art pure sine wave inverters and charge controller equipment in the Caribbean, Latin American and other export markets. This development is in addition to the long awaited OEM integration of Outback products into Electron’s Solar Energy Kit Systems.

Marty Spence, Business Development Manager, OutBack Power Systems, Inc., said, “Electron Solar has the right distribution channels and promotional experience to support the international growth of OutBack’s product line. With their expertise and enthusiasm for our technology, plus their ability to keep large inventory levels available for immediate shipping in Miami, Florida, we are pleased to welcome Electron Solar Energy as a valuable international distribution partner.”

“We are extremely pleased to secure this agreement and are now ready to ship the latest generation of Outback sine wave inverters, and charge controller equipment,” said President and CEO of Electron Solar Energy, Christopher Quinn. “Our export business is booming, and this deal really adds to our ‘quality first’ product offering. OutBack Power’s pure sine wave inverters are designed to survive in environments that would normally destroy other brands of equipment. As such, the products are ideal for our Latin American and Caribbean customers who are either completely off grid or subjected to downed power grids due to subtropical conditions and inclement weather, such as hurricanes. This supply agreement is complimented by our recently acquired wire and cable manufacturing facility. Both are steps designed to better serve our customers, while enhancing shareholder value.”

About OutBack Power Systems, Inc.

OutBack Power Systems is a global designer and manufacturer of cutting-edge power conversion solutions that provide reliable electric power for the renewable energy, mobile and backup power markets. OutBack Power's engineers have decades of power conversion electronics design and equipment installation experience and share a passion for leading the industry into a new era of performance, ease of use, and standardization. OutBack Power is a privately held corporation located in Arlington, WA USA For further information, please contact Andrew Wilson at [phone] or [e-mail]. See also http://www.outbackpower.com/.

About Electron Solar Energy

Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution and installation of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com.

[meinolf67]

Electron Solar Energy Applauds Florida PSC's Decision to Make Renewable Energy Credits Available to All Floridians
All Power Companies in Florida Now Approved toIssueEnergy Creditsfor Customers with Grid Tie Solar and Wind Energy Kits Installed in Their Homes

Last update: 7:30 a.m. EDT Sept. 24, 2008
MIAMI, Sep 24, 2008 (BUSINESS WIRE) -- Electron Solar Energy (ESRG:
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ESRG 0.07, 0.00, 0.0%) , an international distributor of alternative energy systems, announced that on September 4, 2008, the Public Service Commission of the State of Florida ("PSC") approved agreements from five of the state's investor-owned power companies which allow residential customers to receive credit for electricity that they feed back to the grid from solar panels and other forms of renewable energy.
President and CEO of Electron Solar Energy, Christopher Quinn, commented enthusiastically, "We applaud the PSC's decision to implement a very favorable cost incentive state-wide to promote the use of customer-owned renewable energy. The concept of 'net metering' allows any excess power generated from alternative sources of energy to go into the grid and be credited back to the customer."
"Headquartered in Miami, our roots are in providing complete solar energy panel kits to customers in other countries. With this new legislation in place we look forward to great new opportunities with the residents and businesses of the State of Florida. We anticipate increased sales for renewable energy systems throughout our communities, including commercial buildings with rooftops, which are also now eligible for net metering," concluded Quinn.
The new measure applies to customers of Florida Power & Light (FPL), Progress Energy Florida, Gulf Power, Tampa Electric and Florida Public Utilities. The PSC also has expanded eligibility from renewable systems of 10 kilowatts or smaller to two megawatts, which means large businesses with solar panels occupying rooftops can now qualify for the program. For more information on the PSC, visit http://www.psc.state.fl.us/.
"Safe Harbor" Statement: Certain statements made in this press release are forward looking in nature and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated.
About Electron Solar Energy
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company's turnkey solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators. For more information on the Company, visit www.electronsolarenergy.com.

[meinolf67]

Electron Solar Energy (OTC: ESRG | Quote | Chart | News | PowerRating) was formerly known as Envigra Inc. and changed its name to Electron Solar Energy in January 2007. The company is based in Las Vegas, Nevada. With 406.55 million shares outstanding and 1,300 shares declared short as of October 2008, there is no longer a failure to deliver in shares of ESRG. According to quarterly data provided by the SEC, there were still 57,698 shares of ESRG that were failing-to-deliver as of June 19, 2007.

[R-BgO]

Electron Solar Energy closes sale on largest residential solar energy installation in company PDF Print E-mail


Posted by Debasish Choudhury on 01 June 2009 at 13:17

Views: 20

Recommended by: 2

Published in: News, News

Electron Solar Energy, an international distributor of alternative energy systems, announced today that the company has completed the sale of the largest residential installation sold by the company to date.

Electron has received a contract and payment on a 12.8KW grid tie solar energy installation. Installations on private residences have been limited to sizes between 2 and 10KW up until now. Revenues for the sale exceed $125,000. Engineering fees and materials deposits have already been collected, and construction is set to begin in early June.

President and CEO of Electron Solar Energy, Christopher Quinn, said “Changing incentives on the Federal and State levels have boosted solar energy sales to both homeowners and businesses. Rebate funds offered to homeowners by Florida's Solar Energy System Incentives Program that had been exhausted have now been replenished and will supposedly be available in 2010. This added incentive has motivated clients to purchase much larger systems than were popular before.”

Quinn added: “Businesses interested in going solar have benefitted greatly this year. The American Recovery and Reinvestment Act of 2009 provided a change in federal law that allows businesses to receive the 30% rebate in the form of a grant check rather than an income tax credit. This change has empowered clients to make an even larger financial commitment to going solar. Though today’s announcement marks the largest residential installation we have seen to date, commercial quotations are now each ranging into the millions of dollar. If this trend continues Electron’s immediate future will be much brighter than we had initially projected.”

For more information on the Company, visit www.electronsolarenergy.com.