American Clean Power, Inc. Receives Investment from SOLON AG.DENVILLE, N.J. -- American Clean Power, Inc. (ACPI (Advanced Configuration and Power Interface) A power management specification developed by Intel, Toshiba and Microsoft that makes hardware status information available to the operating system. ) announced today that SOLON Solon, Athenian statesman Solon (sō`lən), c.639–c.559 B.C., Athenian statesman, lawgiver, and reformer. He was also a poet, and some of his patriotic verse in the Ionic dialect is extant. At some time (perhaps c.600 B.C. AG had purchased an undisclosed amount of Convertible Preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". in the company. ACPI is the parent company of The Solar Center (TSC TSC Thestreet.com (stock symbol) TSC Time Stamp Counter TSC Tuberous Sclerosis Complex TSC Tractor Supply Company TSC Terrorist Screening Center (Department of Homeland Security) ), a rapidly growing solar energy integrator headquartered in New Jersey. Dennis Wilson, the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of TSC said, "The solar industry is growing rapidly in the US and the market is expected to be enormous. Nearly thirty states now have Renewable Portfolio Standards (RPS rps abbr. revolutions per second ) that require an increasing amount of electricity to come from renewable generation. New Jersey has been leading the way in the Eastern half of the US with aggressive solar incentive programs designed to foster a solar industry that can deliver New Jersey's goal of at least 1500 MW of solar electric generation by 2020." TSC has grown rapidly since its formation in early 2005 to 50 employees, and has become one of the leading solar energy companies on the East Coast with over 450 solar projects completed or under contract. The scale of TSC's solar electric projects is increasing rapidly, and large projects require a reliable supply of solar modules. ACPI evaluated the leading solar companies in Europe and pursued SOLON AG to develop a strategic relationship for product supply and support for the development of large scale solar projects. About American Clean Power: ACPI, through its subsidiary, The Solar Center offers its customers solar electric and solar thermal generation systems to help meet their energy needs. TSC's founder, Dennis Wilson, has been developing solar thermal, cogeneration, energy efficiency and solar electric projects since the late 1970s. www.thesolarcenter.com About SOLON AG: SOLON AG is one of the largest manufacturers of solar modules in Europe and a leading supplier of photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. systems for large-scale solar power stations. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland and the USA and employs more than 600 people. The core business of SOLON is the manufacture of solar modules in various power output categories and of complete photovoltaic systems, known as SOLON Movers, for use in the construction of solar power stations. www.solonag.com |
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