Clean Energy secures exclusive rights to superior cost effective hydroelectric technology.Energy Editors/Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--Oct. 21, 2003 Clean Energy, Inc. (Pink Sheets:CLER CLER Comité de Liaison Energies Renouvelables (French: Committee of Renewable Energy) CLER Clerical CLER Council for LAB/LAS Environmental Research CLER Classification and Labelling of Explosives Regulations 1983 )has secured exclusive rights to market and develop projects for an innovative hydroelectric system within the continents of Africa and Europe. The technology was developed, proven, and patented by Universal Electric Power of Ohio, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Licensing Agreement between Clean Energy and Universal Electric Power further allows Clean Energy to market and develop its own hydroelectric projects outside of these areas including the United States on a non-exclusive basis. "The electrical generating potential in small hydroelectric projects under 20 megawatts is immense and underdeveloped worldwide, over 8,000 megawatts in Africa and Europe alone. This is enough clean power for hundreds of thousands of people without creating unwanted pollution," stated Harold Jahn, president of Clean Energy. The patented hydroelectric turbine designs and systems of Universal Electric provide a low cost retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in to existing dam structures without the need for lengthy permitting processes experienced when building new structures. The goal is minimal environmental impact and maximum energy production from natural water flows readily available throughout our ecosystem. The marketing and project development teams of Clean Energy will be focused on the many hundreds of existing weirs and dam structures internationally that are currently either non-electricity generating structures (irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. , flood control, and reservoirs) or in locations that can improve the overall energy generating potential from existing older dams. Clean Energy will be actively pursuing its own hydroelectric projects with various partners. The marketing and sales division will be selling complete hydroelectric projects to third party developers, utilities, and government agencies to generate additional cash flow for the corporation. Our web site will be updated prior to November 14th with new product and regional contact information. Clean Energy, Inc., a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. , is a development stage company formed in 1998 to commercialize innovative technologies in the renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. industry. Our business focus is clean pollution-free electricity from wind, solar, hydro, and other innovative alternative energy sources. Our goals are to acquire technology rights and licenses from patent holders and others, secure market presence, and raise sufficient capital to build, own and operate electrical generating facilities throughout the world. Pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. definitions and provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, this news release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements use words including, but not limited to, "expects," "believes," "intends," "indicates" and other such words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. not directly supportable as statements of present fact. Such forward-looking statements are subject to certain risks and uncertainties, including, among other things, the company's business conditions, the general economic environment, reliance on performance by third parties, etc. These and other risks, uncertainties and additional factors could cause actual results to differ materially from those projected. |
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