CORAL SPRINGS, Florida, August 16, 2016 /PRNewswire/ --
The demand for energy-efficient solutions and products that included LED technology has received significant attention recently from companies, utilities and consumers looking to reduce their energy consumption use. As clean energy continues to trend upward in the United States and across the rest of the world, both federal and private investments fuel the sector's significant growth with enhanced research and development and latest innovations.
Global Clean Energy, Inc. (OTC: GCEI), GCE has signed distribution agreements with EPG Source of Dallas, Texas a leading Smart Energy and LED provider. EPG Source is a one-source solution for Solar PV, Energy Storage and LED Systems with National distribution facilities in the US incorporating all equipment, logistics, warehousing and delivery. EPG eliminates the need for multiple suppliers and streamlines cash flows due to the use of a unique merchant financing model.
EPG is headed by Mr. Christian Siebens founder of the Clean Energy Division of Affiliated Distributors, the largest independent distributor of energy products in North America with sales in excess of $32 Billion Dollars. "We fully embrace GCE's business model and had been studying a similar plan at EPG. Thus it was a natural addition to our business to provide logistics, fulfillment and warranty support for GCE," stated Siebens.
Read the full Global Clean Energy (GCEI) Press Release at: http://financialnewsmedia.com/profiles/gcei.html
With this agreement, GCE has all supply chains and logistics in place to launch its programs commencing with its LED Dollar Club, its Lifetime Replacement program and support its product expansion plan. "Lighting is the perfect medium to insert the other connectivity products to fill the house, because you use light everywhere," stated Philip Smallwood, the director of L.E.D. and lighting research for Silicon Valley-based Strategies Unlimited. The agreement gives GCE access to a full range of smart energy technologies available to meet the needs of our users. The U.S. Department of Energy considers the widespread adoption of LED technology to offer the greatest potential impact on energy conservation in the country. Current penetration in the LED market is seven per cent worldwide, and is expected by lighting analysts to reach fifty per cent by around 2022. The LED market will bring in an estimated $38 billion dollars this year.
In other OTC news and market movers for the day yesterday:
Coastal Integrated Services Inc. (OTC: COLV) closed up on Monday up over 7% on heavy trading volume for the day over 98Million shares traded by the market close. COLV owns Simply Lids Inc., an award winning company whose specialty is disposable beverage lids in the food services industry. The company's patented technologies provide a safer, more enjoyable drinking experience, without splashing or spills, and has the added benefit of unique marketing opportunities never before realized in this industry sector.
Guided Therapeutics, Inc. (OTC: GTHP) (OTCQB: GTHP) closed up on Monday up over 20% on trading volume of 4.27Million shares traded by the market close. GTHP, the maker of a rapid and painless testing platform based on its patented biophotonic technology, announced that it shipped four additional LuViva® Advanced Cervical Scan systems to Bangladesh for use in the country's cervical cancer screening program. This brings to 12 the number of LuVivas and more than 1,000 disposable Cervical Guides shipped to Bangladesh.
El Capitan Precious Metals, Inc., (OTC: ECPN) (OTCQB: ECPN) closed up over 26% on Monday on higher than normal trading volume of 4.2Million shares traded by the market close. ECPN recently announced that the Company has reorganized its management team to be highly transaction focused in anticipation of current opportunities, negotiations, and agreements.
Fannie Mae (OTC: FNMA) (OTCQB: FNMA) closed up on Monday over 7% on 3.1Million shares traded by the market close. FNMA recently reported its second quarter 2016 results and filed its quarterly report on Form 10-Q for the quarter ended June 30, 2016 with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the second quarter of 2016.
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