PALM BEACH GARDENS, Fla., April 28, 2015 /PRNewswire/ -- GOLDEN AGE RESOURCES, INC., (OTC PINK: GDAR) a leading energy provider for large-scale "Green" power plants "in Latin America and the Caribbean, today announced a strategic alliance with Global Energy Corporation, Inc., (OTC PINK: GEIG) a provider of innovative fuel cell power generation technologies for efficient and environmental benign electric power produced through hydrogen extraction from affordable natural gas and biofuels.
Mr. Terence Byrne, CEO of The Company commented, "Global Energy Corporation and Golden Age Resources will work together to build a solid infrastructure to integrate efficient fuel cell electric power generators with large-scale solar power plants and hereby providing cost effective 24/7 green power that minimizes environmental impact within Mexico, Central and South America, and the Caribbean. We are excited about this relationship and the long term value this creates for global markets and developing economies."
In addition, The Company is actively pursuing a Cogeneration Pilot Project in the Yucatan State to provide energy from organic municipal or sisal waste using GEIG's new fuel cell technology. The pilot project is to develop a scalable 100Kw Biogas Plan that will be financed in cooperation with Mexican and International Development Banks and Organizations that is planned for implementation in Q4 2015.
"This partnership will enable The Company to deliver our novel hybrid fuel cells/LI-PO battery electric power generation technology to the marketplace while leveraging the "green" benefits of solar energy," stated Dr. K. J. Berry, Chairman and CEO of Global Energy Corporation, Inc. "Our 'solar balancing' architecture provides the enabling bridge for solar, wind and other alternative energy technologies to maximize efficiency due to variability of these energy resources. We are now poised to capitalize on the growth of renewable energy in Mexico and throughout Central and South America. This partnership positions us to deliver the most energy efficient systems and reduce harmful emissions in areas we intend to service. The strategic alliance between The Company and Global Energy Corporation, Inc. creates the opportunity to increase the global business profile of Golden Age Resources, Inc., and enabling the growing energy provider a solid position as an energy producer in both Mexico and global markets."
About Golden Age Resources, Inc.:
GDAR, organized as a Nevada Company, has re-directed its core business to technology and Latin American and International solar energy markets providing project development, medium and long-term finance solutions and investments into solar energy related projects. This re-direction promises enhanced corporate and shareholder values.
About GEI Global Energy Corp.
GEI Global Energy Corp (www.geiglobal.com) is a fuel cell electrical power generation company leveraging a menu of novel and innovative fuel cell power systems technologies to provide clean and inexpensive energy solutions for developing economies.
For more information regarding GEI GLOBAL's vision for an energy secure future, please click on the following video link: http://private.geiglobal.com/wp-content/uploads/2013/06/who-is-gei5.mp4.
Forward Looking Statements: This press release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward looking statements. You should consider these factors in evaluating the statements herein and not rely on such statements. The forward looking statements in this release are made as of the date hereof and Golden Age Resources, Inc. undertakes no obligation to update such statements.
SOURCE Golden Age Resources, Inc.